WEBVTT - Intel Surges as MaxLinear Jumps; P&G Beat

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some stacks on the move today.

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<v Speaker 2>Look, we cannot ignore the fact this is the biggest

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<v Speaker 2>mover of the day piece, Intel up twenty six percent,

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<v Speaker 2>now on track to hit their highest level ever. Why

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<v Speaker 2>a blockbuster quarter last quarter, and perhaps even more importantly,

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<v Speaker 2>a better than expected outlook. A revenue is going to

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<v Speaker 2>be in the range of thirteen point eight to fourteen

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<v Speaker 2>point eight billion this quarter. Wall Street was looking for

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<v Speaker 2>thirteen billion. So that's a really nice speed if it happens.

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<v Speaker 2>And analysts are saying this basically suggests that Intel CEO

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<v Speaker 2>is making progress on his comeback plan to position this

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<v Speaker 2>chip maker to benefit from the buildout of AI. Remember

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<v Speaker 2>last year he lined up a bunch of major investments

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<v Speaker 2>in Intel, including the US government, which is the third largest.

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<v Speaker 2>You said earlier, Paul, the third largest investor in Intel

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<v Speaker 2>is the US government. Now so, on paper, at least,

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<v Speaker 2>the US government stake in Intel is now worth nearly

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<v Speaker 2>thirty seven billion dollars, and it's taking other chips stocks

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<v Speaker 2>along with it, AMD, which also has those central processing units,

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<v Speaker 2>those CPUs. Both Intel and AMD make those and there's

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<v Speaker 2>a lot of demand for them. So AMD up again

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<v Speaker 2>near a record high. We've got Taiwan semiconductor higher, and

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<v Speaker 2>this has helped push the Philadelphia Semiconductor index higher. It's

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<v Speaker 2>up about thirty percent so far this month.

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<v Speaker 1>Eighteenth straight day of games.

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<v Speaker 2>But who's counting? Yes, Yeah, all right, let's stick with

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<v Speaker 2>semiconductor sector because there's another company not as big as

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<v Speaker 2>Intel or as well known, but it's called Max Linear.

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<v Speaker 2>This stock is up fifty percent, ticker Symbole MXL. The

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<v Speaker 2>company out with first quarter results and second quarter revenue forecasts,

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<v Speaker 2>both better than expected. An analyst over at Needham raising

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<v Speaker 2>this stock from hold to buy, announcing a sixty dollars

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<v Speaker 2>price target. They're saying you're going to see multi year growth,

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<v Speaker 2>that they're in a multi year growth phase right now

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<v Speaker 2>because of optical data center connectivity. I don't know what

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<v Speaker 2>that means, but I think it has to do with AI.

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<v Speaker 1>My observation on this, I did just you know, absolutely

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<v Speaker 1>sophisticated folks.

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<v Speaker 2>I think it was Google Gemini. How many people work

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<v Speaker 2>at all these data centers we're building. Yeah, not that,

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<v Speaker 2>not a lot, not a lot, not a lot. Max

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<v Speaker 2>Linear based in Carlsbad, California, r in your San Diego

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<v Speaker 2>one hundred employees. Wow, it's had a great run up

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<v Speaker 2>hundred and fifty percent of.

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<v Speaker 1>Your padres tickets exact.

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<v Speaker 2>How do you have one more? I do? Procter and

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<v Speaker 2>Gamble another name we all know, up more than two

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<v Speaker 2>percent today. Stronger than expected results for the latest quarter,

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<v Speaker 2>driven by believe it or not. Now this is the

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<v Speaker 2>company behind Tide, but it's the beauty category that led

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<v Speaker 2>organic sales growth seven percent in the quarter, the most

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<v Speaker 2>since twenty twenty three, driven by a lot of demand

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<v Speaker 2>in Europe and North America. The company also raised as

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<v Speaker 2>outlook for commodity costs in the current FA school year.

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<v Speaker 2>Organic sales up three percent in the third quarter. So

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<v Speaker 2>PNG is the first of sort of the consumer products

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<v Speaker 2>staples companies to report, and we'll see if the others

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<v Speaker 2>can follow suit. But nice report from P ANDNG and

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<v Speaker 2>stock's getting rewarded.

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