WEBVTT - Micron and Nvidia Climb; ASML downgrade; Nike Earnings

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel on the

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<v Speaker 3>morning where for the most part, if you're invested in chips,

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<v Speaker 3>it's a nice morning.

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<v Speaker 1>Good morning value. Yeah, good morning, Nathan.

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<v Speaker 2>Yeah.

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<v Speaker 1>Two of the stocks to the fside we're going to

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<v Speaker 1>talk about are in the chips sector. Let's start with Micron.

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<v Speaker 1>Those shares are hired by nearly one point seven percent

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<v Speaker 1>this morning after the chip maker gave an upbeat forecast

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<v Speaker 1>for the current quarter. The company's revenue forecast topped estimates,

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<v Speaker 1>help by strong demand for its AI equipment focus, mostly

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<v Speaker 1>in high bandwidth memory, which has become the star of

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<v Speaker 1>Micron's business, a key component used in artificial intelligence. The

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<v Speaker 1>growth prospects have turned Micron into the chip industry's hottes

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<v Speaker 1>stock this year. They shares have gained some fifty one

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<v Speaker 1>percent through Thursday's close, and Micron is on track for

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<v Speaker 1>record revenue this fiscal year and expects continued growth in

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<v Speaker 1>AI software as it becomes more complex. That's Micron on

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<v Speaker 1>the upside of one point seven percent this morning and following.

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<v Speaker 2>On its heels.

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<v Speaker 3>So I mean it's it's ahead of everybody now. In

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<v Speaker 3>Vidia once again the top dog in the market.

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<v Speaker 1>Yeah, it is. Nvidia shares reached a record high on Wednesday,

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<v Speaker 1>and they're adding to those gains this morning. Navidia up

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<v Speaker 1>one over one percent so far in pre market trade.

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<v Speaker 1>The stock rose more than four percent yesterday into the clothes,

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<v Speaker 1>lifting the chip giants market cap to three point seven

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<v Speaker 1>seven trillion dollars now the world's most valuable company, taking

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<v Speaker 1>the crown from Microsoft. Navidia has gained sixty three percent

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<v Speaker 1>since the April lows, fueled by massive demand for AI

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<v Speaker 1>hardware and strong earnings. Navidia shareholder meeting earlier this week,

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<v Speaker 1>the CEO, Justin Huang reassured investors that demand remained strong

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<v Speaker 1>and reiterated his view that the computer industry is only

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<v Speaker 1>at the beginning of a massive AI infrastructure upgrades. That's

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<v Speaker 1>Navidia adding to yesterday's gains, the world's most valuable company

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<v Speaker 1>up over one percent.

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<v Speaker 2>Now.

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<v Speaker 3>We should say that the rising tide of chip stocks.

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<v Speaker 3>Isn't lifting all boats, particularly for one stock overseas.

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<v Speaker 1>Yeah, this is a stock in the Netherlands ASML. It's

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<v Speaker 1>one chip stock on the back foot this morning, down

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<v Speaker 1>one point two percent in Netherlands trade. It was downgraded

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<v Speaker 1>by Jeffrey so suffering in the red. I guess it's

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<v Speaker 1>not all chip stocks that are gaining this morning, but

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<v Speaker 1>the gains from Micron and Navidia are really setting up

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<v Speaker 1>the NASAC for yet another record high clothes this week.

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<v Speaker 3>Okay, so the big earning story after the bell yesterday

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<v Speaker 3>was Micron after the bell Today looks like it's going

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<v Speaker 3>to be Nike.

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<v Speaker 1>Yeah, it's going to be interesting one Nike reporting after

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<v Speaker 1>the bell. The shares are out performing the broader market

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<v Speaker 1>this morning, up a six tens of one percent versus

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<v Speaker 1>the S and P five hundred futures of just three

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<v Speaker 1>tenths of one percent. Investors will be looking for updates

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<v Speaker 1>on the company's new products, tariff impacts as well. They

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<v Speaker 1>have a lot of Vietnam exposure and the health of

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<v Speaker 1>its business in China. Some analysts, though, are warning that

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<v Speaker 1>the results might not be pretty. The company could take

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<v Speaker 1>a beating from the drastic measures the new CEO is

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<v Speaker 1>taking to turn the sneaker maker around, so whichever way

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<v Speaker 1>goes will be an interesting report, both on a macro

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<v Speaker 1>and micro perspective. Those results will be dropping.

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<v Speaker 2>After the bell, the Stock Movers podcast from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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<v Speaker 2>roundup of companies making news on Wall Street and for

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<v Speaker 2>the latest market moving headlines. Listen to Bloomberg Radio Live,

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