Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some stacks on the move today.
Speaker 2: Look, we cannot ignore the fact this is the biggest
Speaker 2: mover of the day piece, Intel up twenty six percent,
Speaker 2: now on track to hit their highest level ever. Why
Speaker 2: a blockbuster quarter last quarter, and perhaps even more importantly,
Speaker 2: a better than expected outlook. A revenue is going to
Speaker 2: be in the range of thirteen point eight to fourteen
Speaker 2: point eight billion this quarter. Wall Street was looking for
Speaker 2: thirteen billion. So that's a really nice speed if it happens.
Speaker 2: And analysts are saying this basically suggests that Intel CEO
Speaker 2: is making progress on his comeback plan to position this
Speaker 2: chip maker to benefit from the buildout of AI. Remember
Speaker 2: last year he lined up a bunch of major investments
Speaker 2: in Intel, including the US government, which is the third largest.
Speaker 2: You said earlier, Paul, the third largest investor in Intel
Speaker 2: is the US government. Now so, on paper, at least,
Speaker 2: the US government stake in Intel is now worth nearly
Speaker 2: thirty seven billion dollars, and it's taking other chips stocks
Speaker 2: along with it, AMD, which also has those central processing units,
Speaker 2: those CPUs. Both Intel and AMD make those and there's
Speaker 2: a lot of demand for them. So AMD up again
Speaker 2: near a record high. We've got Taiwan semiconductor higher, and
Speaker 2: this has helped push the Philadelphia Semiconductor index higher. It's
Speaker 2: up about thirty percent so far this month.
Speaker 1: Eighteenth straight day of games.
Speaker 2: But who's counting? Yes, Yeah, all right, let's stick with
Speaker 2: semiconductor sector because there's another company not as big as
Speaker 2: Intel or as well known, but it's called Max Linear.
Speaker 2: This stock is up fifty percent, ticker Symbole MXL. The
Speaker 2: company out with first quarter results and second quarter revenue forecasts,
Speaker 2: both better than expected. An analyst over at Needham raising
Speaker 2: this stock from hold to buy, announcing a sixty dollars
Speaker 2: price target. They're saying you're going to see multi year growth,
Speaker 2: that they're in a multi year growth phase right now
Speaker 2: because of optical data center connectivity. I don't know what
Speaker 2: that means, but I think it has to do with AI.
Speaker 1: My observation on this, I did just you know, absolutely
Speaker 1: sophisticated folks.
Speaker 2: I think it was Google Gemini. How many people work
Speaker 2: at all these data centers we're building. Yeah, not that,
Speaker 2: not a lot, not a lot, not a lot. Max
Speaker 2: Linear based in Carlsbad, California, r in your San Diego
Speaker 2: one hundred employees. Wow, it's had a great run up
Speaker 2: hundred and fifty percent of.
Speaker 1: Your padres tickets exact.
Speaker 2: How do you have one more? I do? Procter and
Speaker 2: Gamble another name we all know, up more than two
Speaker 2: percent today. Stronger than expected results for the latest quarter,
Speaker 2: driven by believe it or not. Now this is the
Speaker 2: company behind Tide, but it's the beauty category that led
Speaker 2: organic sales growth seven percent in the quarter, the most
Speaker 2: since twenty twenty three, driven by a lot of demand
Speaker 2: in Europe and North America. The company also raised as
Speaker 2: outlook for commodity costs in the current FA school year.
Speaker 2: Organic sales up three percent in the third quarter. So
Speaker 2: PNG is the first of sort of the consumer products
Speaker 2: staples companies to report, and we'll see if the others
Speaker 2: can follow suit. But nice report from P ANDNG and
Speaker 2: stock's getting rewarded.
Speaker 1: This stock mover's report from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,
Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 1: the Bloomberg Business app.