Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on the
Speaker 3: morning where for the most part, if you're invested in chips,
Speaker 3: it's a nice morning.
Speaker 1: Good morning value. Yeah, good morning, Nathan.
Speaker 2: Yeah.
Speaker 1: Two of the stocks to the fside we're going to
Speaker 1: talk about are in the chips sector. Let's start with Micron.
Speaker 1: Those shares are hired by nearly one point seven percent
Speaker 1: this morning after the chip maker gave an upbeat forecast
Speaker 1: for the current quarter. The company's revenue forecast topped estimates,
Speaker 1: help by strong demand for its AI equipment focus, mostly
Speaker 1: in high bandwidth memory, which has become the star of
Speaker 1: Micron's business, a key component used in artificial intelligence. The
Speaker 1: growth prospects have turned Micron into the chip industry's hottes
Speaker 1: stock this year. They shares have gained some fifty one
Speaker 1: percent through Thursday's close, and Micron is on track for
Speaker 1: record revenue this fiscal year and expects continued growth in
Speaker 1: AI software as it becomes more complex. That's Micron on
Speaker 1: the upside of one point seven percent this morning and following.
Speaker 2: On its heels.
Speaker 3: So I mean it's it's ahead of everybody now. In
Speaker 3: Vidia once again the top dog in the market.
Speaker 1: Yeah, it is. Nvidia shares reached a record high on Wednesday,
Speaker 1: and they're adding to those gains this morning. Navidia up
Speaker 1: one over one percent so far in pre market trade.
Speaker 1: The stock rose more than four percent yesterday into the clothes,
Speaker 1: lifting the chip giants market cap to three point seven
Speaker 1: seven trillion dollars now the world's most valuable company, taking
Speaker 1: the crown from Microsoft. Navidia has gained sixty three percent
Speaker 1: since the April lows, fueled by massive demand for AI
Speaker 1: hardware and strong earnings. Navidia shareholder meeting earlier this week,
Speaker 1: the CEO, Justin Huang reassured investors that demand remained strong
Speaker 1: and reiterated his view that the computer industry is only
Speaker 1: at the beginning of a massive AI infrastructure upgrades. That's
Speaker 1: Navidia adding to yesterday's gains, the world's most valuable company
Speaker 1: up over one percent.
Speaker 2: Now.
Speaker 3: We should say that the rising tide of chip stocks.
Speaker 3: Isn't lifting all boats, particularly for one stock overseas.
Speaker 1: Yeah, this is a stock in the Netherlands ASML. It's
Speaker 1: one chip stock on the back foot this morning, down
Speaker 1: one point two percent in Netherlands trade. It was downgraded
Speaker 1: by Jeffrey so suffering in the red. I guess it's
Speaker 1: not all chip stocks that are gaining this morning, but
Speaker 1: the gains from Micron and Navidia are really setting up
Speaker 1: the NASAC for yet another record high clothes this week.
Speaker 3: Okay, so the big earning story after the bell yesterday
Speaker 3: was Micron after the bell Today looks like it's going
Speaker 3: to be Nike.
Speaker 1: Yeah, it's going to be interesting one Nike reporting after
Speaker 1: the bell. The shares are out performing the broader market
Speaker 1: this morning, up a six tens of one percent versus
Speaker 1: the S and P five hundred futures of just three
Speaker 1: tenths of one percent. Investors will be looking for updates
Speaker 1: on the company's new products, tariff impacts as well. They
Speaker 1: have a lot of Vietnam exposure and the health of
Speaker 1: its business in China. Some analysts, though, are warning that
Speaker 1: the results might not be pretty. The company could take
Speaker 1: a beating from the drastic measures the new CEO is
Speaker 1: taking to turn the sneaker maker around, so whichever way
Speaker 1: goes will be an interesting report, both on a macro
Speaker 1: and micro perspective. Those results will be dropping.
Speaker 2: After the bell, the Stock Movers podcast from Bloomberg Radio.
Speaker 2: Check back with us throughout the day for the latest
Speaker 2: roundup of companies making news on Wall Street and for
Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live,
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