Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Masser along with Tim Stanback. Let's get to
Speaker 1: substocks on the move on this Friday. With us to
Speaker 1: do that is Bloomberg Crossouse at Reporter Janitza Sokova in
Speaker 1: the house, and we're going to start with Oracle. We've
Speaker 1: been talking about this one a lot today.
Speaker 3: We've been talking about it a lot this week and
Speaker 3: in the past month, and it's really check on the
Speaker 3: woe trade. We see the Nazuki is down today. That's
Speaker 3: and Peas down today, and a lot of it came
Speaker 3: after the news that Oorco has pushed back the completion
Speaker 3: dates for some data centers that is developing for open Ai.
Speaker 3: Initially they were going to be in twenty twenty seven.
Speaker 3: Now the day they have is twenty twenty eight. The ticker,
Speaker 3: of course, is all Our cl The stock is down
Speaker 3: about four and a half percent, but it's extending a
Speaker 3: forty percent slump since September.
Speaker 4: There has been a lot of activity in there.
Speaker 3: Sea investors have been growing pretty jittery about Orco in specific,
Speaker 3: because that's a company that's obviously spending a lot of money.
Speaker 3: Orco has been working to deliver three hundred billion contract
Speaker 3: to supply the computing power necessary to train open AI models.
Speaker 3: Capital expenditure, we recently got a report from them, came
Speaker 3: at about twelve billion in the quarter. That's an increase
Speaker 3: of eight port five billion. So this is a number
Speaker 3: of investors have been worried about. It is more than
Speaker 3: analysts we're expecting there of course expected heighth spending. Anyway,
Speaker 3: this is even higher, and you can understand why some
Speaker 3: of the jitters are appearing. And of course circularity of deals,
Speaker 3: it's always the same names, the same names, and Orco
Speaker 3: is there.
Speaker 5: Okay, well, speaking of the same names and the same names,
Speaker 5: let's go to Broadcom Architect, the chip architect that works
Speaker 5: with some of the companies that are trying to take
Speaker 5: on in video.
Speaker 4: Yeah, and that was a big winner.
Speaker 3: The company was up seventy five percent before the so
Speaker 3: off we're seeing now big droll down. Today's shares were
Speaker 3: down more than eleven percent, roatching a twelve percent drop,
Speaker 3: the most inter day since January.
Speaker 4: The sales outlook failed to meet investors' expectation. The ticker
Speaker 4: is avgo.
Speaker 3: It really happened after some unsettling commentary yesterday from their
Speaker 3: CEO that said the company has a seventy three billion
Speaker 3: in AI product orders backlog. He later tried to suit
Speaker 3: investors and said that that figure was a minimum. But nevertheless,
Speaker 3: we're seeing a really really big sale off and the
Speaker 3: combination of ORC and Broadcom is really dragging TechTalks down.
Speaker 4: Investors were seeking more clarity on.
Speaker 3: When and how the company will get a payoff from AI,
Speaker 3: but instead they didn't even get a forecast for AI
Speaker 3: revenue for twenty twenty.
Speaker 4: Six, so you know the worries are there.
Speaker 3: We saw some good number salers will be about nineteen
Speaker 3: billion in the first Riskoo quarter.
Speaker 1: Which Jauan Kinging said that it was a really good quarter.
Speaker 3: The report was good, but no one is looking at
Speaker 3: what's happening now. Everyone is looking at the outlook and
Speaker 3: any small appointment. It has a massive loss. Yeah, digit
Speaker 3: to digit drop on a day. It is just okay, incredible.
Speaker 1: If you don't like the AI trade, just go out
Speaker 1: and buy some yoga pants.
Speaker 4: Yeah, that's the shares of the lemon trade. If you
Speaker 4: want to be up eleven percent today. The ticker is
Speaker 4: l U.
Speaker 3: L U low Lemma shares rallied after the yoga wear
Speaker 3: maker Boost that is fuller outlook and announced that it's
Speaker 3: chief executive officer would step down. There has been a
Speaker 3: lot of competition. There are so many brands that offer
Speaker 3: one hundred dollars yoga pants, and loul Lemon has kind
Speaker 3: of taken the back seat for some time. There is allo,
Speaker 3: you know, Nike has like a scheme's partnership and those
Speaker 3: have been very popular. We're seeing some positive results in
Speaker 3: lul Lemon after a pretty tough few years. Lemo's fisical
Speaker 3: third quarter report had several positive signs. Profit and comparable
Speaker 3: sales is something analysts are pointing that there is some
Speaker 3: optimism there. The company has been pushing to improve their
Speaker 3: products and to increase the alert.
Speaker 4: They have some new things that have been.
Speaker 3: Working, but nevertheless, the company is down fifty percent before
Speaker 3: today's rally.
Speaker 4: So it's been a tough here, but people are looking forward.
Speaker 3: To more yoga pants and more optimism in that area.
Speaker 1: You know, I'm going to live my whole world in
Speaker 1: a pair of yoga pants. Sometimes that's what I'm wearing
Speaker 1: it his studio.
Speaker 4: Just throwing a jacket, wear some yoga pants.
Speaker 5: I'm going to talk about Chip Wilson. He's the Lululemon founder.
Speaker 5: He blasted the company's board after its leadership changes. He
Speaker 5: said the directors failed on succession planning and allowed what
Speaker 5: he calls significant value erosion. Under CEO Talvin McDonald, He's
Speaker 5: making his voice heard as a huge shareholder of the
Speaker 5: company that he founded.
Speaker 1: Yeah, I mean, listen, it's a higher end product. It's
Speaker 1: not inexpensive. You don't often see sales at Lululemon. We'll
Speaker 1: have to figure out there's a lot more competition in
Speaker 1: that space.
Speaker 5: So I forget about your quarterly seventy five dollars credit.
Speaker 4: I just signed up on amex. I use my friend's credit.
Speaker 4: It was really good, right, good stuff, Denia, Thanks so much.
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