Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some stocks on the move today. I'm Tim Keen
Speaker 1: with Paul Sweeni and Bloomberg's Lisa Matteo.
Speaker 2: Tell me it's not all technology, I would be lying.
Speaker 2: So let's start with Applied Materials. Okay, it's tick your
Speaker 2: amat all right. Their shares are.
Speaker 1: Down three percent.
Speaker 2: This is this is big. This is the largest maker
Speaker 2: of machinery used to manufacture semiconductors, based in Santa Clara, California.
Speaker 2: It's warning of a sales hit from the latest curbs
Speaker 2: in China. They expect that the cost it's going to
Speaker 2: cost company six hundred million dollars in lost revenue in
Speaker 2: fiscal twenty twenty six, which runs through next October. The
Speaker 2: latest change, Applied Materials is saying, here's the problem. It's
Speaker 2: the Commerce Department's Bureau of Industry and Security. They issued
Speaker 2: this new role this week that widens that range of
Speaker 2: companies that are subject to those export restrictions. But it's
Speaker 2: not just Applied Materials, right, a lot of the competition
Speaker 2: facing all these strict roles, how they supply support customers
Speaker 2: in China, and Washington's really been trying to limit China's
Speaker 2: ability to develop the domestic chip supply as well. So
Speaker 2: it's a big big it's a big company and that's
Speaker 2: why this is a big Can I just say for
Speaker 2: all of us, Lisa, thank you so much for doing this.
Speaker 2: I can't keep up.
Speaker 1: You can't keep up.
Speaker 2: All right, here we go Taiwan semi Conductor Manufacturing, Here
Speaker 2: we go TSM. Their shares have been up nearly two percent.
Speaker 2: So this is basically all stemming from news surrounding Huawei Technologies.
Speaker 2: There's another one for you, okay, research firm tech Insights.
Speaker 2: What they did, They took Huaweis to send Ai processors.
Speaker 2: They broke it down and they want to find out
Speaker 2: what was inside. So they found out Huawei used advanced
Speaker 2: components from Asia's biggest tech firms, and some of them
Speaker 2: we're talking about gear from yes, Taiwan semi Conductor Manufacturing,
Speaker 2: but also Sam Sung Electronics, South Korea's s k Heinex.
Speaker 2: And as you look about where those companies are from,
Speaker 2: it shows that Huawei's reliance on foreign hardware. Do you think.
Speaker 1: Lisa understands it. If she worked for Bloomberg Technology, you
Speaker 1: would have to come in. Yeah, until nine exactly.
Speaker 2: And now she's in her don't let her to the
Speaker 2: bracket and Ludlow call me we go. We're moving on
Speaker 2: to online video platform, cloud service VISs provider Rumble. Okay,
Speaker 2: this is r u M. Their shares have been down
Speaker 2: as much as fourteen percent. Okay, this is the thing.
Speaker 2: You're gonna like this because they say they're going to
Speaker 2: begin to offer services of Perplexity. Okay, this is Tom's
Speaker 2: favorite AI powered search engine. All right, They're going to
Speaker 2: offer this new bundled subscription, so keep your eyes out
Speaker 2: for it. It's going to combine Perplexity plo with a
Speaker 2: pro with Rumble premiums. It's going to combine those works
Speaker 2: Rumble video video platform, yeah, video platform, cloud services. So
Speaker 2: their shares are up like as much as fourteen percent.
Speaker 2: So under this partnership, here's what's going to happen. Perplexity
Speaker 2: is going to agree to advertise and promote their new
Speaker 2: AI based browser, commet is that I'm not sure if
Speaker 2: that is what you will be using. That's the one
Speaker 2: I haven't. I haven't used it much yet. You haven't, Okay,
Speaker 2: it's a weekend thing. Well, they're going to put the
Speaker 2: start using that and advertising and pushing that on the platform,
Speaker 2: and I want to quickly and with bowing before we're
Speaker 2: out of time. It's not really moving, but it's a
Speaker 2: good Bloomberg story. It's just another setback because we've been talking,
Speaker 2: you know, saying hey, thanks for getting good on the
Speaker 2: up and up, and then they were scheduled to commercially
Speaker 2: debut this seven seven seven X next year, and then
Speaker 2: Bloomberg sources are saying it's going to be delayed until
Speaker 2: twenty twenty seven. So that is the difference there.
Speaker 1: This Stock Movers report from Bloomberg Radio. Check back with
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