1 00:00:00,080 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,880 --> 00:00:19,680 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,680 --> 00:00:22,639 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on the 6 00:00:22,640 --> 00:00:25,160 Speaker 3: morning where for the most part, if you're invested in chips, 7 00:00:25,560 --> 00:00:26,480 Speaker 3: it's a nice morning. 8 00:00:26,680 --> 00:00:28,880 Speaker 1: Good morning value. Yeah, good morning, Nathan. 9 00:00:28,920 --> 00:00:29,120 Speaker 2: Yeah. 10 00:00:29,120 --> 00:00:30,560 Speaker 1: Two of the stocks to the fside we're going to 11 00:00:30,560 --> 00:00:33,839 Speaker 1: talk about are in the chips sector. Let's start with Micron. 12 00:00:33,920 --> 00:00:36,960 Speaker 1: Those shares are hired by nearly one point seven percent 13 00:00:37,040 --> 00:00:40,280 Speaker 1: this morning after the chip maker gave an upbeat forecast 14 00:00:40,400 --> 00:00:44,239 Speaker 1: for the current quarter. The company's revenue forecast topped estimates, 15 00:00:44,280 --> 00:00:48,080 Speaker 1: help by strong demand for its AI equipment focus, mostly 16 00:00:48,120 --> 00:00:50,879 Speaker 1: in high bandwidth memory, which has become the star of 17 00:00:50,960 --> 00:00:55,240 Speaker 1: Micron's business, a key component used in artificial intelligence. The 18 00:00:55,320 --> 00:00:58,560 Speaker 1: growth prospects have turned Micron into the chip industry's hottes 19 00:00:58,600 --> 00:01:01,160 Speaker 1: stock this year. They shares have gained some fifty one 20 00:01:01,200 --> 00:01:04,360 Speaker 1: percent through Thursday's close, and Micron is on track for 21 00:01:04,440 --> 00:01:07,760 Speaker 1: record revenue this fiscal year and expects continued growth in 22 00:01:07,800 --> 00:01:11,399 Speaker 1: AI software as it becomes more complex. That's Micron on 23 00:01:11,440 --> 00:01:15,480 Speaker 1: the upside of one point seven percent this morning and following. 24 00:01:15,120 --> 00:01:15,840 Speaker 2: On its heels. 25 00:01:15,920 --> 00:01:19,320 Speaker 3: So I mean it's it's ahead of everybody now. In 26 00:01:19,520 --> 00:01:22,560 Speaker 3: Vidia once again the top dog in the market. 27 00:01:23,000 --> 00:01:26,560 Speaker 1: Yeah, it is. Nvidia shares reached a record high on Wednesday, 28 00:01:26,600 --> 00:01:29,080 Speaker 1: and they're adding to those gains this morning. Navidia up 29 00:01:29,080 --> 00:01:32,759 Speaker 1: one over one percent so far in pre market trade. 30 00:01:32,760 --> 00:01:35,840 Speaker 1: The stock rose more than four percent yesterday into the clothes, 31 00:01:36,120 --> 00:01:39,279 Speaker 1: lifting the chip giants market cap to three point seven 32 00:01:39,640 --> 00:01:43,840 Speaker 1: seven trillion dollars now the world's most valuable company, taking 33 00:01:43,840 --> 00:01:47,400 Speaker 1: the crown from Microsoft. Navidia has gained sixty three percent 34 00:01:47,560 --> 00:01:50,680 Speaker 1: since the April lows, fueled by massive demand for AI 35 00:01:50,720 --> 00:01:54,920 Speaker 1: hardware and strong earnings. Navidia shareholder meeting earlier this week, 36 00:01:54,960 --> 00:01:58,640 Speaker 1: the CEO, Justin Huang reassured investors that demand remained strong 37 00:01:59,000 --> 00:02:02,120 Speaker 1: and reiterated his view that the computer industry is only 38 00:02:02,160 --> 00:02:05,240 Speaker 1: at the beginning of a massive AI infrastructure upgrades. That's 39 00:02:05,520 --> 00:02:08,639 Speaker 1: Navidia adding to yesterday's gains, the world's most valuable company 40 00:02:08,720 --> 00:02:09,600 Speaker 1: up over one percent. 41 00:02:09,880 --> 00:02:10,000 Speaker 2: Now. 42 00:02:10,080 --> 00:02:12,640 Speaker 3: We should say that the rising tide of chip stocks. 43 00:02:12,680 --> 00:02:16,480 Speaker 3: Isn't lifting all boats, particularly for one stock overseas. 44 00:02:17,040 --> 00:02:20,119 Speaker 1: Yeah, this is a stock in the Netherlands ASML. It's 45 00:02:20,160 --> 00:02:22,239 Speaker 1: one chip stock on the back foot this morning, down 46 00:02:22,280 --> 00:02:26,320 Speaker 1: one point two percent in Netherlands trade. It was downgraded 47 00:02:26,960 --> 00:02:29,320 Speaker 1: by Jeffrey so suffering in the red. I guess it's 48 00:02:29,360 --> 00:02:31,640 Speaker 1: not all chip stocks that are gaining this morning, but 49 00:02:31,760 --> 00:02:34,560 Speaker 1: the gains from Micron and Navidia are really setting up 50 00:02:34,560 --> 00:02:37,560 Speaker 1: the NASAC for yet another record high clothes this week. 51 00:02:37,760 --> 00:02:41,359 Speaker 3: Okay, so the big earning story after the bell yesterday 52 00:02:41,680 --> 00:02:45,320 Speaker 3: was Micron after the bell Today looks like it's going 53 00:02:45,360 --> 00:02:45,919 Speaker 3: to be Nike. 54 00:02:46,480 --> 00:02:48,720 Speaker 1: Yeah, it's going to be interesting one Nike reporting after 55 00:02:48,720 --> 00:02:50,919 Speaker 1: the bell. The shares are out performing the broader market 56 00:02:50,919 --> 00:02:53,320 Speaker 1: this morning, up a six tens of one percent versus 57 00:02:53,400 --> 00:02:55,840 Speaker 1: the S and P five hundred futures of just three 58 00:02:55,919 --> 00:02:59,160 Speaker 1: tenths of one percent. Investors will be looking for updates 59 00:02:59,240 --> 00:03:02,560 Speaker 1: on the company's new products, tariff impacts as well. They 60 00:03:02,639 --> 00:03:05,040 Speaker 1: have a lot of Vietnam exposure and the health of 61 00:03:05,040 --> 00:03:08,120 Speaker 1: its business in China. Some analysts, though, are warning that 62 00:03:08,160 --> 00:03:10,839 Speaker 1: the results might not be pretty. The company could take 63 00:03:10,880 --> 00:03:13,760 Speaker 1: a beating from the drastic measures the new CEO is 64 00:03:13,800 --> 00:03:16,840 Speaker 1: taking to turn the sneaker maker around, so whichever way 65 00:03:16,880 --> 00:03:19,040 Speaker 1: goes will be an interesting report, both on a macro 66 00:03:19,480 --> 00:03:22,399 Speaker 1: and micro perspective. Those results will be dropping. 67 00:03:22,120 --> 00:03:27,560 Speaker 2: After the bell, the Stock Movers podcast from Bloomberg Radio. 68 00:03:27,960 --> 00:03:30,320 Speaker 2: Check back with us throughout the day for the latest 69 00:03:30,360 --> 00:03:33,520 Speaker 2: roundup of companies making news on Wall Street and for 70 00:03:33,560 --> 00:03:37,480 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live, 71 00:03:37,880 --> 00:03:41,160 Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay 72 00:03:41,160 --> 00:03:43,720 Speaker 2: and Android Auto with the Bloomberg Business app.