WEBVTT - Quantum Computing Grants; WalMart Reports; Nvidia Blowout

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

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<v Speaker 2>Stock Movers Report, 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 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's John Tucker on the

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<v Speaker 1>morning after Nvidia earnings. The biggest gainers, all of a sudden, John,

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<v Speaker 1>are in the quantum computing space in a big way.

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<v Speaker 1>After this Wall Street Journal report on quantum computing getting

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<v Speaker 1>a big boost from the US government.

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<v Speaker 3>Good morning. Yeah, We've been down this road before, haven't we.

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<v Speaker 3>The government taken in equity stake companies. The Trump administration

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<v Speaker 3>awarding two billion dollars in grants to nine computing companies

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<v Speaker 3>quantum computing companies deals that include the government equity stakes.

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<v Speaker 3>The Department has agreed to give a billion dollars of

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<v Speaker 3>this package to armank based IBM. Which isn't the race

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<v Speaker 3>to build computers that use quantum mechanics more precisely, quantum

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<v Speaker 3>entanglement to solve problems much faster With Albert Einstein referred

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<v Speaker 3>to as spooky action at a distance. We could do

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<v Speaker 3>a whole show on.

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<v Speaker 1>That by the way, Yeah, we really could. I'm fascinated

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<v Speaker 1>by the quantum space because I don't understand it. What

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<v Speaker 1>I do understand a little bit better is the retail space,

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<v Speaker 1>because I think just about everybody's been to a Walmart

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<v Speaker 1>at some point. We're waiting for their earnings, aren't we, John.

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<v Speaker 3>Yeah, the world's largest retailer. They're expecting a few minutes

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<v Speaker 3>of report to earnings of sixty six cents per share

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<v Speaker 3>a revenue of about one hundred and seventy five billion.

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<v Speaker 3>They've been generating strong sales in recent years with a

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<v Speaker 3>focus on value and convenience, and of course it's viewed

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<v Speaker 3>as an economic barometer. Instly going to be looking for

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<v Speaker 3>Walmart's view on inflation and the health of the consumer.

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<v Speaker 3>The Bloomberg consensus calling for total comp sales when you

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<v Speaker 3>strip out gasoline of about three point eighty five percent.

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<v Speaker 3>It's going to be, also, Nathan, interesting to see if

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<v Speaker 3>Walmart is better position to navigate some of the economic

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<v Speaker 3>hurdles was seeing because of the inroads they made with

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<v Speaker 3>the wealthier consumers.

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<v Speaker 1>Yeah, well, let's talk about in Nvidia. We got their earnings.

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<v Speaker 1>Another beat, another rais and another shrug.

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<v Speaker 3>Yes, you know, after all the build up, I feel like,

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<v Speaker 3>you know, investors are kind of going hull home. Maybe

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<v Speaker 3>it was overshadowed by the SpaceX IPO announcement anyway, in

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<v Speaker 3>Vidia beating estimates, announcing the buyback, raising the dividend. Jensen

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<v Speaker 3>Wong warning of supply chain constraints as well. The spending

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<v Speaker 3>has continued to surge from the hyperscalers, the large data

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<v Speaker 3>center clients, but the company right now is trying to

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<v Speaker 3>highlight the fact that it's diversifying Jensen Wong seven. The

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<v Speaker 3>conference called that the physical AI will bring in huge

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<v Speaker 3>new opportunities in the form of robots and automated vehicles.

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<v Speaker 1>This morning we got earnings from Deer. Looks like they

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<v Speaker 1>came in with some pretty decent results.

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<v Speaker 3>Tony, Yeah, I'll call this another Bell Weather, the top

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<v Speaker 3>maker of farm machinery. The highlight here a Deer reaffirming

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<v Speaker 3>its annual profit outlook. They said gains in construction and

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<v Speaker 3>forestry did help to offset a still slumping agricultural economy.

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<v Speaker 3>Fuel and fertilizer prices, of course, they're elevated because of

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<v Speaker 3>the war in Iran, and that's limiting the spending power

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<v Speaker 3>of farmers. They estimate annual net income between four and

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<v Speaker 3>a half and five billion, steady with the outlook that

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<v Speaker 3>they delivered in February. Iconic yellow and green tractors Yeah,

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<v Speaker 3>considered a bell weather of the American economy.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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