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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the.

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Speaker 2: Stock Movers podcast. This is your roundup of companies making

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Speaker 2: news on Wall Street and beyond, harnessing the power of

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Speaker 2: Bloomberg Data.

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Speaker 3: Let's take a look some of the stocks on the

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Speaker 3: move today were joined by Isabel Lee, Bloomberg Cross Asset Reporter.

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Speaker 4: I'm looking at Tesla, but it's not really on the move.

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Speaker 4: It's flat forward this morning. But Tesla recalled all cyber

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Speaker 4: trucks it produced and sold in the first fifteen months

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Speaker 4: it's been on the US market. So it's really over

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Speaker 4: a safety issue that it's having trouble of resolving.

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Speaker 1: So this is one percent of the forty.

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Speaker 4: Six thousand vehicles having a defect, So that's like four

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Speaker 4: six hundred you have dead, Mama Mather. Yeah really, And

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Speaker 4: they're saying pieces of this steel trimmer around the exterior

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Speaker 4: of the truck has quote embrittlement, and I mean they

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Speaker 4: said they'll replace all.

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Speaker 1: The panels and et cetera.

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Speaker 4: But I feel like it's more about sentiment, you know,

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Speaker 4: like if you have a Tesla car, you might be

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Speaker 4: worried about whether it's one of them.

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Speaker 1: Well that's what I was wondering too.

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Speaker 5: Though how much of the move in Tesla stock is

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Speaker 5: due to Musk and versus actual fundamentals, And it feels

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Speaker 5: like when you talk to analysts it's both.

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Speaker 1: But it's just a matter.

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Speaker 5: Of like what's going to continue. I guess to move it.

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Speaker 5: I'm not really sure.

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Speaker 4: We have Dad ives the biggest Tesla bul or one

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Speaker 4: of we shouldn't really just throw on the prelatives like that.

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Speaker 4: But he's saying that he's acknowledging that investors are nervous

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Speaker 4: because of must involvement with the government and because he stretched,

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Speaker 4: I mean it's you only have twenty four hours in

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Speaker 4: a day.

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Speaker 5: Yeah, we're talking Arouns Gerber, who owns the stock of

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Speaker 5: Gerbert Kawaskin and associates, and he was like, I must

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Speaker 5: needs to get back to Tesla.

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Speaker 1: And do stuff. And I don't think he's ever coming back,

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Speaker 1: Like he was mad. Yeah, what about that?

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Speaker 3: To me, it's it's always been you think Elon Musk

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Speaker 3: on the way up because there's no fundamental supporting you,

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Speaker 3: and you grudge him on on the way down because

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Speaker 3: it's all about Elon and the valuation impact that he

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Speaker 3: brings to That story.

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Speaker 5: So totally true with that Cayman Risk, All right, what

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Speaker 5: else you're watching in video?

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Speaker 4: So we have there's a lot of use around the

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Speaker 4: stock actually, but for now it's edging higher by one

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Speaker 4: and a half percent. We have the CEO calming investors

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Speaker 4: basically saying that fears a deep seak are misplaced. He

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Speaker 4: said new types of AI models that produce more complex

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Speaker 4: answers will only increase the need for computing infrastructure. We

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Speaker 4: also have an inclusive by FT saying that they interviewed

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Speaker 4: Huang and Huang said that Invidia aims to spend hundreds

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Speaker 4: of billions of dollars to produce US made chips and

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Speaker 4: electronics over the next four years.

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Speaker 1: So lots of good news there. But for something a

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Speaker 1: little bit more.

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Speaker 4: Ominous, let's look at the technical analysis. Vida is forming

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Speaker 4: a desk cross. That's when the fifty day crosses below

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Speaker 4: its long term moving average was just the two hundred

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Speaker 4: day and usually when that happens, shares have fallen as

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Speaker 4: much as fifty percent. And Innvidea has just really been

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Speaker 4: trading sideways since May twenty twenty four. So maybe I

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Speaker 4: mean it's the peak there, no.

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Speaker 1: One, it feels down.

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Speaker 3: It just feels to me again not being an AI expert,

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Speaker 3: that that that AI lift to maybe in Vidia, maybe

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Speaker 3: to the tech chector, maybe to the market overall that's

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Speaker 3: kind of played out.

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Speaker 1: It just feels to.

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Speaker 4: Me and investors are just expecting more and more and more.

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Speaker 4: Even when these companies beat, they didn't beat enough, So

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Speaker 4: it's risky. What else you're looking at? Lastly, it's Darden.

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Speaker 4: We have shares edging higher by more than seven percent.

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Speaker 4: That's the most intra day since December nineteen. Management said

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Speaker 4: it's implied fourth quarter guidance includes comparable sales growth above

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Speaker 4: three percent, that's above consensus. And they also said that

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Speaker 4: inflation levels are manageable, and they discussed ways in which

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Speaker 4: they can mitigate a relatively limited tiriff exposures. They stated

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Speaker 4: about eighty percent of its cost basket is domestically sourced.

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Speaker 4: So I had to look up what restaurants are under

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Speaker 4: Darden and it's Olive Garden, Longhorned Steakhouse, Mohamma Breeze Season,

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Speaker 4: fifty two Yard House. They also have a fine dining

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Speaker 4: restaurant chain Ruth's Chris Steakhouse, Eddiev's Prime and Capitol Grill.

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Speaker 3: I haven't been to any all right, So if you're

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Speaker 3: outside from New York and you got the world class steakhouses,

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Speaker 3: but if you're outside in New York in the middle

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Speaker 3: of nowhere, the Capitol Grill delivers.

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Speaker 5: Yeah, I mean a capital grill down on Wall Street

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Speaker 5: was like definitely a play to go and meet your

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Speaker 5: contacts and hang.

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Speaker 1: Out and that's in New York app.

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Speaker 3: But I can't do that.

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Speaker 5: Maybe it's the budget way to do it, all right, Isabelle,

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Speaker 5: thanks very much, really appreciated, Bloomberg.

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Speaker 2: Isabelle Cross, asset reporter the Stock Movers podcast from Bloomberg Radio.

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Speaker 2: Check back with us throughout the day for the latest

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Speaker 2: roundup of companies making news on Wall Street and for

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