WEBVTT - Omny: Weekly Roundup: Block Rallied, Netflix Surged, Nvidia Plunged

0:00:02.520 --> 0:00:07.000
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.480 --> 0:00:19.040
<v Speaker 3>I'm Tim Staneveek along with Carol Master. Let's take a

0:00:19.040 --> 0:00:20.640
<v Speaker 3>look at the stocks on the move this week. We're

0:00:20.680 --> 0:00:24.400
<v Speaker 3>joined by Bloomberg News Acuties reporter Avalon pronow save us please,

0:00:25.480 --> 0:00:26.720
<v Speaker 3>just like these two are crazy.

0:00:26.800 --> 0:00:28.640
<v Speaker 1>It's hard to talk about stocks of the week witholex

0:00:28.680 --> 0:00:30.880
<v Speaker 1>starting with Nvidia ticker and VDA.

0:00:31.080 --> 0:00:34.400
<v Speaker 4>I almost forgot that this was a big week for Nvidia,

0:00:34.440 --> 0:00:36.240
<v Speaker 4>Like it's just been so crazy, but go ahead.

0:00:36.280 --> 0:00:39.200
<v Speaker 1>I mean, there's definitely plenty going on, and they're quite

0:00:39.200 --> 0:00:42.360
<v Speaker 1>responsible in terms of why the broader market today was

0:00:42.440 --> 0:00:45.560
<v Speaker 1>slightly down since Nvidia closed down this week six point

0:00:45.600 --> 0:00:46.240
<v Speaker 1>seven percent.

0:00:46.560 --> 0:00:48.400
<v Speaker 5>That's the stock's biggest weekly drop.

0:00:48.200 --> 0:00:51.040
<v Speaker 1>Since November, which, if you remember, is also when they

0:00:51.040 --> 0:00:53.840
<v Speaker 1>gave their third quarter earnings. And it's a fairly similar

0:00:53.880 --> 0:00:56.840
<v Speaker 1>story of despite a bet and rays, investors still have

0:00:56.880 --> 0:00:59.520
<v Speaker 1>a ton of question marks about how much longer can

0:00:59.560 --> 0:00:59.880
<v Speaker 1>this go?

0:01:00.440 --> 0:01:03.120
<v Speaker 4>I know, and everybody was like, I feel like everybody

0:01:03.120 --> 0:01:06.600
<v Speaker 4>who came on was like, what an incredible quarter, right.

0:01:06.920 --> 0:01:09.280
<v Speaker 3>Robert sh from a Bloomber intelligence team. He's like, this

0:01:09.319 --> 0:01:11.920
<v Speaker 3>is a record setting beaten rais Yeah.

0:01:11.680 --> 0:01:15.080
<v Speaker 4>Like for any company, Yeah, in terms of an earnings report.

0:01:15.160 --> 0:01:17.280
<v Speaker 4>So and he follows the credit so he looks at

0:01:17.319 --> 0:01:19.320
<v Speaker 4>the debt market, but he's been looking at this AI spin.

0:01:20.280 --> 0:01:20.920
<v Speaker 5>That's a good one.

0:01:21.000 --> 0:01:21.600
<v Speaker 4>Netflix.

0:01:22.040 --> 0:01:24.200
<v Speaker 5>Yes, Netflix ticker and FLX.

0:01:24.560 --> 0:01:26.840
<v Speaker 1>That stock closed up twenty two percent this week for

0:01:26.959 --> 0:01:29.600
<v Speaker 1>its best week since twenty twenty two. And it's kind

0:01:29.600 --> 0:01:31.720
<v Speaker 1>of a funny reason for it, considering they declined to

0:01:31.760 --> 0:01:35.280
<v Speaker 1>even consider the four day period to beat Paramount skuy

0:01:35.400 --> 0:01:38.040
<v Speaker 1>dances offered for Warner Brothers. They decided to bow out,

0:01:38.160 --> 0:01:40.320
<v Speaker 1>and Bernstein actually said that they see it as a

0:01:40.360 --> 0:01:44.040
<v Speaker 1>win win win outcome for all three. They mentioned how

0:01:44.920 --> 0:01:48.600
<v Speaker 1>potentially this is actually a really great opportunity for Netflix

0:01:48.600 --> 0:01:51.680
<v Speaker 1>to look elsewhere to fix their engagement issues, and Benchmark

0:01:51.880 --> 0:01:54.320
<v Speaker 1>agreed as well. They said that Netflix was willing to

0:01:54.360 --> 0:01:57.160
<v Speaker 1>spend and potentially they're gonna be able to spend elsewhere.

0:01:57.720 --> 0:02:01.520
<v Speaker 4>So we'll seek and you walk away with a two

0:02:01.560 --> 0:02:04.080
<v Speaker 4>point eight billion dollar breakup feet. Thank you very much.

0:02:04.560 --> 0:02:07.440
<v Speaker 3>Nice to have a breakup fee. In life.

0:02:08.480 --> 0:02:11.120
<v Speaker 5>Well, previou things aren't working out.

0:02:11.440 --> 0:02:14.520
<v Speaker 3>Things aren't working out for christ Woman two point eight

0:02:14.520 --> 0:02:15.280
<v Speaker 3>billion dollars.

0:02:16.480 --> 0:02:17.239
<v Speaker 5>It can happen.

0:02:17.400 --> 0:02:20.120
<v Speaker 3>Look at I just love looking at the investor reaction

0:02:20.240 --> 0:02:22.680
<v Speaker 3>to this, because, yeah, the stock has been under pressure

0:02:22.680 --> 0:02:24.560
<v Speaker 3>since Netflix said we're going to go for this. I

0:02:24.600 --> 0:02:27.400
<v Speaker 3>know in the fall, investors didn't want to see him

0:02:27.400 --> 0:02:29.440
<v Speaker 3>spend this money. Investors are happy they didn't do it.

0:02:29.480 --> 0:02:31.920
<v Speaker 3>And now Netflix has two point eight billion dollars more

0:02:32.000 --> 0:02:33.320
<v Speaker 3>thanks to Paramount Skuy and.

0:02:33.240 --> 0:02:37.880
<v Speaker 4>Paramount Skuy and Netflix both rallying in the Friday trade,

0:02:37.880 --> 0:02:41.399
<v Speaker 4>but Netflix really way out performance. Let's go on over

0:02:41.440 --> 0:02:42.639
<v Speaker 4>to Novo Nordisk.

0:02:43.000 --> 0:02:45.839
<v Speaker 1>Yeah, it's been another rough week, rough year, one could

0:02:45.880 --> 0:02:48.920
<v Speaker 1>say for Novo Nordisk. It's eight rs closed down twenty

0:02:48.960 --> 0:02:51.320
<v Speaker 1>one percent this year or this year, not this year,

0:02:51.400 --> 0:02:55.400
<v Speaker 1>this week, and that's actually its steepest weekly slump sixth August,

0:02:55.440 --> 0:02:59.000
<v Speaker 1>which I actually think more importantly, it's actually erased all

0:02:59.120 --> 0:03:03.160
<v Speaker 1>of its gains the last Wigo V fueled jump and

0:03:03.280 --> 0:03:06.239
<v Speaker 1>so to say the lease earlier this week, it's a

0:03:06.320 --> 0:03:06.839
<v Speaker 1>rock chart.

0:03:06.919 --> 0:03:08.399
<v Speaker 5>This week, it's a pretty rough chart.

0:03:08.480 --> 0:03:10.560
<v Speaker 1>Earlier this week, Novo said that it planned to slash

0:03:10.600 --> 0:03:14.080
<v Speaker 1>the US prizes for it's obesity drugs and that reignited

0:03:14.120 --> 0:03:18.519
<v Speaker 1>fears about this race to the bottom. And yeah, investors

0:03:19.040 --> 0:03:21.720
<v Speaker 1>aren't really happy to say the lease. They've fallen quite

0:03:21.760 --> 0:03:24.800
<v Speaker 1>a bit from their peak in twenty twenty four. And

0:03:24.880 --> 0:03:27.360
<v Speaker 1>I kind of liked what one analyst mentioned that Nova

0:03:27.440 --> 0:03:30.440
<v Speaker 1>is now at this point reliant on its pills and

0:03:30.600 --> 0:03:33.079
<v Speaker 1>Eli Lilly is potentially going to have their pills later

0:03:33.200 --> 0:03:33.680
<v Speaker 1>this spring.

0:03:34.040 --> 0:03:36.600
<v Speaker 4>So as our Madison Muller, who's been covering this JLP

0:03:36.840 --> 0:03:39.120
<v Speaker 4>one space from the get go a few years ago,

0:03:39.240 --> 0:03:41.960
<v Speaker 4>just said, you know, it's hard. Novo kind of created

0:03:41.960 --> 0:03:44.600
<v Speaker 4>this space right was out of the gate. It was

0:03:44.640 --> 0:03:47.720
<v Speaker 4>incredible for them, but then to see them struggle kind.

0:03:47.600 --> 0:03:50.000
<v Speaker 5>Of it's just been it's been a.

0:03:49.960 --> 0:03:51.720
<v Speaker 4>Very different story around them.

0:03:51.880 --> 0:03:52.800
<v Speaker 5>Big story this week.

0:03:55.000 --> 0:03:57.080
<v Speaker 4>Tim will not be sleeping this week. You won't be

0:03:57.080 --> 0:03:59.040
<v Speaker 4>sleeping for the rest of his life because of this one.

0:03:59.200 --> 0:04:02.760
<v Speaker 1>Oh yeah, saved block for last. That's ticker XYZ, which

0:04:02.760 --> 0:04:05.520
<v Speaker 1>is kind of a fun ticker. It's surged up twenty

0:04:05.600 --> 0:04:08.200
<v Speaker 1>percent this week. That's its best week since twenty twenty

0:04:08.200 --> 0:04:11.200
<v Speaker 1>four after the fintech said yesterday that it plans to

0:04:11.240 --> 0:04:13.040
<v Speaker 1>reduce its workforce by nearly half.

0:04:13.040 --> 0:04:14.160
<v Speaker 5>In another big bet on.

0:04:14.240 --> 0:04:17.880
<v Speaker 1>AI and I think it's kind of interesting that it

0:04:17.920 --> 0:04:18.600
<v Speaker 1>did report a.

0:04:18.560 --> 0:04:19.839
<v Speaker 5>Fairly strong fourth quarter.

0:04:20.400 --> 0:04:23.400
<v Speaker 1>However, I mean, everybody's focused on this question about what's

0:04:23.440 --> 0:04:25.080
<v Speaker 1>going to happen next, What does this mean for other

0:04:25.120 --> 0:04:26.840
<v Speaker 1>tech companies. He've been kind of alluded to it in

0:04:26.880 --> 0:04:29.680
<v Speaker 1>the shareholder letter of he doesn't expect to be the

0:04:29.680 --> 0:04:30.599
<v Speaker 1>only company doing this.

0:04:30.839 --> 0:04:31.960
<v Speaker 5>So who's next?

0:04:33.720 --> 0:04:37.760
<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

0:04:37.839 --> 0:04:40.400
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:40.480 --> 0:04:43.560
<v Speaker 2>making news on Wall Street and for the latest market

0:04:43.600 --> 0:04:48.039
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:48.160 --> 0:04:51.640
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:51.720 --> 0:04:53.240
<v Speaker 2>the Bloomberg Business app.