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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Carol Masser along with Tim Staneviek. Let's take a

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Speaker 3: look at some stocks on the move on this Wednesday

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Speaker 3: with us as Bloomberg News Equities reporter Alexandra Semonova. She's

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Speaker 3: back there at Bloomberg headquarters. All right, so alex let's

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Speaker 3: start with Micron Technology.

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Speaker 1: Hey guys, Yeah, this is a stock that is down

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Speaker 1: about three percent right now, even as it gave a

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Speaker 1: forecast that was generally upbeat, kind of highlighting how lofty

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Speaker 1: the expectations are from investors around AI. Fiscal first quarter

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Speaker 1: revenue will be around twelve point five billion dollars. That's

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Speaker 1: above what Wall Street expected. The average was eleven point

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Speaker 1: nine billion dollars, but some estimates went as high as

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Speaker 1: thirteen billion dollars. Micron stock has of course doubled this year,

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Speaker 1: rising at a faster pace than some of its peers,

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Speaker 1: reflecting all the AI fueled optimism. Strong results from Oracle

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Speaker 1: and Broadcom also added to this frends and of course

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Speaker 1: raised the bar for a Micron the stock you know,

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Speaker 1: obviously is down even despite a generally good earnings report. CFR,

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Speaker 1: a research analyst, said that a Broadcom and Oracle results

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Speaker 1: and also a slew of bullish cell side reviews had

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Speaker 1: raised the bar so high that everyone was preparing for

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Speaker 1: a Micron blowout. Rather, so this is why kind of

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Speaker 1: there's some disappointment around this.

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Speaker 4: Okay, Micron on your raidar. Charl Schwab is also a

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Speaker 4: stock that you are watching. What's going on with Schwab today?

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Speaker 1: Yeah, it is down today along with the broader market.

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Speaker 1: But they did say today that they want to give

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Speaker 1: retail investors access to private companies given the fact that

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Speaker 1: there is a growing number of firms that have been

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Speaker 1: industry giants before even going public. This is according to

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Speaker 1: their CEO, Rick Worster. He cited financial technology company Stripe

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Speaker 1: and of course are official intelligence company open AI as

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Speaker 1: billion dollar companies that they want retail to be able

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Speaker 1: to participate in. They also said that employees of these

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Speaker 1: companies would love liquidity for their stock positions, and of

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Speaker 1: course this follows the likes of Robinhood, which of course

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Speaker 1: was kind of a pioneer in giving retail investors more

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Speaker 1: access to different financial products. They also had said that

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Speaker 1: they want their clients to be able to invest in

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Speaker 1: private companies.

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Speaker 3: I mean, Alex, you know this more than anybody, right,

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Speaker 3: It's like everybody. It's all about private markets, and in particular,

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Speaker 3: I feel like private credit that even on the retail

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Speaker 3: level now everybody's kind of clamoring to figure out how

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Speaker 3: to get it to their clients.

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Speaker 1: Yeah. Absolutely, And I guess this is just a sign

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Speaker 1: of the times. Given all the euphoria when you've had

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Speaker 1: such a run up in the public markets, it's no

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Speaker 1: surprise that, you know, investors and those offering financial products

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Speaker 1: are trying to find a way to have their clients

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Speaker 1: get into other asset classes as well. Given the interest

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Speaker 1: in private companies.

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Speaker 3: I was going to say, though, showaps had a nice

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Speaker 3: run so far this year. I was looking at the

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Speaker 3: dees page. It's septimbat twenty five percent here today.

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Speaker 4: Alex, you mentioned that one of the reasons Shrob is

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Speaker 4: looking into this is because of those high flying AI companies.

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Speaker 4: We've got an AI story that you're watching next. Microsoft

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Speaker 4: on the move today.

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Speaker 1: Yeah, it is, so it is going to start using

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Speaker 1: artificial intelligence models from Anthropic to help power its workplace

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Speaker 1: AI stations. Business users of Microsoft's Copilot branded AI assistant

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Speaker 1: will also be able to use this feature in addition

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Speaker 1: to open ai, which they were using previously. Apparently, they'll

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Speaker 1: be able to toggle between the two surfaces. Microsoft has

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Speaker 1: taken kind of a leading position in commercializing AI for

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Speaker 1: the workplace, largely thanks to that partnership with open Ai,

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Speaker 1: the startup, of course behind chat GPT. And it's interesting

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Speaker 1: because Anthropic was founded by a former AI employee, so

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Speaker 1: and it also has been one of the largest competitors

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Speaker 1: to open ai, so really interesting to see them also

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Speaker 1: take this service.

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Speaker 2: On the stockmover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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