Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's John Tucker on the
Speaker 1: morning after Nvidia earnings. The biggest gainers, all of a sudden, John,
Speaker 1: are in the quantum computing space in a big way.
Speaker 1: After this Wall Street Journal report on quantum computing getting
Speaker 1: a big boost from the US government.
Speaker 3: Good morning. Yeah, We've been down this road before, haven't we.
Speaker 3: The government taken in equity stake companies. The Trump administration
Speaker 3: awarding two billion dollars in grants to nine computing companies
Speaker 3: quantum computing companies deals that include the government equity stakes.
Speaker 3: The Department has agreed to give a billion dollars of
Speaker 3: this package to armank based IBM. Which isn't the race
Speaker 3: to build computers that use quantum mechanics more precisely, quantum
Speaker 3: entanglement to solve problems much faster With Albert Einstein referred
Speaker 3: to as spooky action at a distance. We could do
Speaker 3: a whole show on.
Speaker 1: That by the way, Yeah, we really could. I'm fascinated
Speaker 1: by the quantum space because I don't understand it. What
Speaker 1: I do understand a little bit better is the retail space,
Speaker 1: because I think just about everybody's been to a Walmart
Speaker 1: at some point. We're waiting for their earnings, aren't we, John.
Speaker 3: Yeah, the world's largest retailer. They're expecting a few minutes
Speaker 3: of report to earnings of sixty six cents per share
Speaker 3: a revenue of about one hundred and seventy five billion.
Speaker 3: They've been generating strong sales in recent years with a
Speaker 3: focus on value and convenience, and of course it's viewed
Speaker 3: as an economic barometer. Instly going to be looking for
Speaker 3: Walmart's view on inflation and the health of the consumer.
Speaker 3: The Bloomberg consensus calling for total comp sales when you
Speaker 3: strip out gasoline of about three point eighty five percent.
Speaker 3: It's going to be, also, Nathan, interesting to see if
Speaker 3: Walmart is better position to navigate some of the economic
Speaker 3: hurdles was seeing because of the inroads they made with
Speaker 3: the wealthier consumers.
Speaker 1: Yeah, well, let's talk about in Nvidia. We got their earnings.
Speaker 1: Another beat, another rais and another shrug.
Speaker 3: Yes, you know, after all the build up, I feel like,
Speaker 3: you know, investors are kind of going hull home. Maybe
Speaker 3: it was overshadowed by the SpaceX IPO announcement anyway, in
Speaker 3: Vidia beating estimates, announcing the buyback, raising the dividend. Jensen
Speaker 3: Wong warning of supply chain constraints as well. The spending
Speaker 3: has continued to surge from the hyperscalers, the large data
Speaker 3: center clients, but the company right now is trying to
Speaker 3: highlight the fact that it's diversifying Jensen Wong seven. The
Speaker 3: conference called that the physical AI will bring in huge
Speaker 3: new opportunities in the form of robots and automated vehicles.
Speaker 1: This morning we got earnings from Deer. Looks like they
Speaker 1: came in with some pretty decent results.
Speaker 3: Tony, Yeah, I'll call this another Bell Weather, the top
Speaker 3: maker of farm machinery. The highlight here a Deer reaffirming
Speaker 3: its annual profit outlook. They said gains in construction and
Speaker 3: forestry did help to offset a still slumping agricultural economy.
Speaker 3: Fuel and fertilizer prices, of course, they're elevated because of
Speaker 3: the war in Iran, and that's limiting the spending power
Speaker 3: of farmers. They estimate annual net income between four and
Speaker 3: a half and five billion, steady with the outlook that
Speaker 3: they delivered in February. Iconic yellow and green tractors Yeah,
Speaker 3: considered a bell weather of the American economy.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.