1 00:00:02,520 --> 00:00:09,959 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:18,599 Speaker 1: harnessing the power of Bloomberg Data. Let's do stock Movers 4 00:00:18,600 --> 00:00:19,520 Speaker 1: with Lisa Mittail. 5 00:00:19,960 --> 00:00:22,720 Speaker 2: All right, so we want to start with Nvidia sticker MVDA. 6 00:00:22,960 --> 00:00:25,000 Speaker 2: The shares have been down as much as one percent 7 00:00:25,040 --> 00:00:27,400 Speaker 2: before the open. This is all because of a report 8 00:00:27,440 --> 00:00:29,920 Speaker 2: from the Information Right. It said that Nvidia told their 9 00:00:29,920 --> 00:00:35,120 Speaker 2: component suppliers, including Samsung, including Amcor, to stop production related 10 00:00:35,159 --> 00:00:37,599 Speaker 2: to that H twenty AI chip that we've all been 11 00:00:37,640 --> 00:00:40,360 Speaker 2: hearing about. And it came weeks after the Chinese government 12 00:00:40,400 --> 00:00:42,840 Speaker 2: it told local tech companies to stop buying the chips 13 00:00:42,880 --> 00:00:46,159 Speaker 2: due to alleged security concerns. So what the information is 14 00:00:46,200 --> 00:00:48,680 Speaker 2: saying is that Chinese authorities are worried that in Nvidia's 15 00:00:48,760 --> 00:00:52,240 Speaker 2: chips they could contain these back doors that funnel sensitive 16 00:00:52,320 --> 00:00:54,680 Speaker 2: data from China to the US. So as a result, 17 00:00:54,960 --> 00:00:58,080 Speaker 2: that's why Chinese authorities they're encouraging local companies to use 18 00:00:58,240 --> 00:01:00,920 Speaker 2: Chinese made AI chips like these that are sold why 19 00:01:01,080 --> 00:01:04,320 Speaker 2: huah Wi. So that has in Vidia shares lower. 20 00:01:04,360 --> 00:01:05,199 Speaker 1: But what is. 21 00:01:05,160 --> 00:01:07,959 Speaker 2: Soaring on the news, It's the Chinese chip stocks like 22 00:01:08,000 --> 00:01:11,880 Speaker 2: you have in Hong Kong Wa Huahang Semi there shares 23 00:01:11,959 --> 00:01:16,679 Speaker 2: up seventeen percent. Say that three times fast Shanghai Food. 24 00:01:16,720 --> 00:01:20,360 Speaker 2: On a microelectronics, they're up about six percent before they're open. 25 00:01:20,640 --> 00:01:23,920 Speaker 2: So that's as far as in video now Zoom communications, right, 26 00:01:23,920 --> 00:01:25,960 Speaker 2: we all do the videos on Zoom. Sometimes we have 27 00:01:26,000 --> 00:01:26,600 Speaker 2: the meetings there. 28 00:01:26,840 --> 00:01:29,920 Speaker 1: I don't you don't do the Zoom meeting seriously, you 29 00:01:29,959 --> 00:01:30,840 Speaker 1: know my entire life. 30 00:01:30,880 --> 00:01:33,040 Speaker 2: I've done maybe three or four Zoom meetings in my 31 00:01:33,200 --> 00:01:35,880 Speaker 2: entire life. Wow, nobody wants to talk to me anymore. 32 00:01:36,440 --> 00:01:38,200 Speaker 2: That's the bottom you're look it. You want to meet 33 00:01:38,200 --> 00:01:40,240 Speaker 2: people in person. That's what you're all about, Okay, the 34 00:01:40,280 --> 00:01:43,000 Speaker 2: face to face Okay. So their shares them up as 35 00:01:43,080 --> 00:01:45,560 Speaker 2: much as five percent. What it did, It gave us 36 00:01:45,560 --> 00:01:48,360 Speaker 2: stronger than expected annual outlook for sales growth, raise its 37 00:01:48,360 --> 00:01:50,920 Speaker 2: fiscal year forecast, so it looks like customers actually buy 38 00:01:51,200 --> 00:01:55,280 Speaker 2: more of the company's expanded software products. It really blew 39 00:01:55,320 --> 00:01:57,480 Speaker 2: up during their pandemic, you know, that's when everybody went 40 00:01:57,480 --> 00:01:59,840 Speaker 2: into the zooms, right, But as we got back to normal, 41 00:02:00,040 --> 00:02:02,720 Speaker 2: a lot of the customers they let their Zoom licenses laps, 42 00:02:02,800 --> 00:02:06,040 Speaker 2: but corporate customers, a lot of them did hold onto it, 43 00:02:06,080 --> 00:02:08,880 Speaker 2: and that's who is still using the bulk of it. 44 00:02:09,360 --> 00:02:14,200 Speaker 2: We go from that to Workday, okay, sticker Wday their 45 00:02:14,280 --> 00:02:17,000 Speaker 2: share no, no, no, yes, it shares drop more than 46 00:02:17,040 --> 00:02:21,239 Speaker 2: five percent. So second quarter Professional Services ADJ just a 47 00:02:21,280 --> 00:02:24,720 Speaker 2: gross profit and missed estimates. But the other news, okay, 48 00:02:24,760 --> 00:02:27,760 Speaker 2: so it agreed to acquire Paradox, and why this is 49 00:02:27,800 --> 00:02:31,120 Speaker 2: important because it's a company that uses AI to automate 50 00:02:31,440 --> 00:02:35,080 Speaker 2: that recruitment and hiring process, so that brings AI now 51 00:02:35,240 --> 00:02:37,880 Speaker 2: into workday a little bit more AI. No word to 52 00:02:37,960 --> 00:02:40,160 Speaker 2: the financial terms of that deal though, but it just 53 00:02:40,160 --> 00:02:42,880 Speaker 2: came a week because we just heard news before that 54 00:02:43,000 --> 00:02:46,000 Speaker 2: Workday had bought flow Wise. That's a platform for building 55 00:02:46,040 --> 00:02:50,280 Speaker 2: AI agents. And that's another deal that didn't disclose financial agreements, 56 00:02:50,280 --> 00:02:52,080 Speaker 2: but it's just supposed to show you AI started to 57 00:02:52,120 --> 00:02:57,160 Speaker 2: go into that whole human resources like type Realm. 58 00:02:57,200 --> 00:03:01,240 Speaker 1: This stock Mover's report from Bloomberg Radio. Check back with 59 00:03:01,320 --> 00:03:03,880 Speaker 1: us throughout the day for the latest roundup of companies 60 00:03:03,960 --> 00:03:07,040 Speaker 1: making news on Wall Street and for the latest market 61 00:03:07,080 --> 00:03:11,560 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube. 62 00:03:11,639 --> 00:03:15,120 Speaker 1: Bloomberg dot com and on Applecarplay and Android Auto with 63 00:03:15,200 --> 00:03:16,680 Speaker 1: the Bloomberg Business app.