WEBVTT - Applied Materials Sales Concerns; TSMC-Huawei News; Rumble-Perplexity Partnership  TEXT

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some stocks on the move today. I'm Tim Keen

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<v Speaker 1>with Paul Sweeni and Bloomberg's Lisa Matteo.

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<v Speaker 2>Tell me it's not all technology, I would be lying.

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<v Speaker 2>So let's start with Applied Materials. Okay, it's tick your

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<v Speaker 2>amat all right. Their shares are.

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<v Speaker 1>Down three percent.

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<v Speaker 2>This is this is big. This is the largest maker

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<v Speaker 2>of machinery used to manufacture semiconductors, based in Santa Clara, California.

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<v Speaker 2>It's warning of a sales hit from the latest curbs

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<v Speaker 2>in China. They expect that the cost it's going to

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<v Speaker 2>cost company six hundred million dollars in lost revenue in

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<v Speaker 2>fiscal twenty twenty six, which runs through next October. The

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<v Speaker 2>latest change, Applied Materials is saying, here's the problem. It's

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<v Speaker 2>the Commerce Department's Bureau of Industry and Security. They issued

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<v Speaker 2>this new role this week that widens that range of

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<v Speaker 2>companies that are subject to those export restrictions. But it's

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<v Speaker 2>not just Applied Materials, right, a lot of the competition

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<v Speaker 2>facing all these strict roles, how they supply support customers

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<v Speaker 2>in China, and Washington's really been trying to limit China's

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<v Speaker 2>ability to develop the domestic chip supply as well. So

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<v Speaker 2>it's a big big it's a big company and that's

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<v Speaker 2>why this is a big Can I just say for

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<v Speaker 2>all of us, Lisa, thank you so much for doing this.

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<v Speaker 2>I can't keep up.

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<v Speaker 1>You can't keep up.

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<v Speaker 2>All right, here we go Taiwan semi Conductor Manufacturing, Here

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<v Speaker 2>we go TSM. Their shares have been up nearly two percent.

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<v Speaker 2>So this is basically all stemming from news surrounding Huawei Technologies.

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<v Speaker 2>There's another one for you, okay, research firm tech Insights.

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<v Speaker 2>What they did, They took Huaweis to send Ai processors.

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<v Speaker 2>They broke it down and they want to find out

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<v Speaker 2>what was inside. So they found out Huawei used advanced

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<v Speaker 2>components from Asia's biggest tech firms, and some of them

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<v Speaker 2>we're talking about gear from yes, Taiwan semi Conductor Manufacturing,

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<v Speaker 2>but also Sam Sung Electronics, South Korea's s k Heinex.

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<v Speaker 2>And as you look about where those companies are from,

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<v Speaker 2>it shows that Huawei's reliance on foreign hardware. Do you think.

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<v Speaker 1>Lisa understands it. If she worked for Bloomberg Technology, you

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<v Speaker 1>would have to come in. Yeah, until nine exactly.

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<v Speaker 2>And now she's in her don't let her to the

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<v Speaker 2>bracket and Ludlow call me we go. We're moving on

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<v Speaker 2>to online video platform, cloud service VISs provider Rumble. Okay,

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<v Speaker 2>this is r u M. Their shares have been down

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<v Speaker 2>as much as fourteen percent. Okay, this is the thing.

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<v Speaker 2>You're gonna like this because they say they're going to

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<v Speaker 2>begin to offer services of Perplexity. Okay, this is Tom's

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<v Speaker 2>favorite AI powered search engine. All right, They're going to

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<v Speaker 2>offer this new bundled subscription, so keep your eyes out

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<v Speaker 2>for it. It's going to combine Perplexity plo with a

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<v Speaker 2>pro with Rumble premiums. It's going to combine those works

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<v Speaker 2>Rumble video video platform, yeah, video platform, cloud services. So

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<v Speaker 2>their shares are up like as much as fourteen percent.

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<v Speaker 2>So under this partnership, here's what's going to happen. Perplexity

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<v Speaker 2>is going to agree to advertise and promote their new

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<v Speaker 2>AI based browser, commet is that I'm not sure if

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<v Speaker 2>that is what you will be using. That's the one

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<v Speaker 2>I haven't. I haven't used it much yet. You haven't, Okay,

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<v Speaker 2>it's a weekend thing. Well, they're going to put the

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<v Speaker 2>start using that and advertising and pushing that on the platform,

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<v Speaker 2>and I want to quickly and with bowing before we're

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<v Speaker 2>out of time. It's not really moving, but it's a

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<v Speaker 2>good Bloomberg story. It's just another setback because we've been talking,

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<v Speaker 2>you know, saying hey, thanks for getting good on the

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<v Speaker 2>up and up, and then they were scheduled to commercially

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<v Speaker 2>debut this seven seven seven X next year, and then

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<v Speaker 2>Bloomberg sources are saying it's going to be delayed until

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<v Speaker 2>twenty twenty seven. So that is the difference there.

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