WEBVTT - Nvidia Drops, Intuit Slumps, J M Smucker Rises on Positive Full Year Outlook

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<v Speaker 1>Bloomberg Audio Studios. Podcasts. Radio.

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<v Speaker 2>News.

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<v Speaker 1>The Stock Movers Report. Your roundup of companies making moves

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<v Speaker 1>in the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today.

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<v Speaker 2>We can do that with Bloomberg's Christine Aquino, Managing Editor

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<v Speaker 2>for MarketsLive. Christine, what are you looking at?

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<v Speaker 1>All right, Paul.

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<v Speaker 2>Well, we got to talk about NVIDIA because it's the

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<v Speaker 2>big day. So ticker NVDA, those shares actually not doing

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<v Speaker 2>too badly, just down a little bit, three tenths of

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<v Speaker 2>one percent at the moment. And again, the big question, right?

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<v Speaker 2>What is the state of AI demand and what do

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<v Speaker 2>NVIDIA's results tell us about that? So the revenue estimate,

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<v Speaker 2>of course, I mean. It's a bajillion dollars. It's not really.

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<v Speaker 2>It's $ 92 billion.

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<v Speaker 1>Might as well be.

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<v Speaker 2>Might as well be a bajillion dollars. A lot of

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<v Speaker 2>that looking to come from the data center, part of

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<v Speaker 2>the business, the revenue estimate there is $ 85 billion. And,

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<v Speaker 2>you know, I think a lot of investors and analysts

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<v Speaker 2>looking at the margins part of the earnings, that's going

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<v Speaker 2>to be interesting because that will tell us kind of

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<v Speaker 2>how much pricing power NVIDIA still has. Remember that they

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<v Speaker 2>told customers recently they're going to have to increase prices

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<v Speaker 2>to account for the surge. memory chip expenses and so

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<v Speaker 2>we're looking to hear more from them in terms of

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<v Speaker 2>how much they are able to wield up pricing power

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<v Speaker 2>investments into other companies particularly their own customers another topic

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<v Speaker 2>that would be of interest to investors and analysts especially

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<v Speaker 2>because you know there's whole concerns about this whole circular

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<v Speaker 2>funding issue and nvidia being very much at the center

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<v Speaker 2>of all of that. I mean, one interesting thing that

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<v Speaker 2>we were looking at this on the MLive blog today,

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<v Speaker 2>NVIDIA is no longer the biggest driver of day-to-day moves

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<v Speaker 2>in equity markets. And so, you know, at least by

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<v Speaker 2>that measure, some of its influence is starting to wane

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<v Speaker 2>a little bit, but still, of course, a very important

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<v Speaker 2>company to watch.

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<v Speaker 1>All right. Next up on your list.

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<v Speaker 2>We're looking at Intuit as well, Scarlett. We know the

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<v Speaker 2>results are Weakened unexpected, of course, and we're seeing that

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<v Speaker 2>in the shares. So ticker INTU, those shares are now

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<v Speaker 2>about three and a half percent. I mean, look, outlook

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<v Speaker 2>is weaker than expected. That was very much, of course,

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<v Speaker 2>related to concerns again about the AI related disruption that

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<v Speaker 2>this stock has had to battle for most of this year.

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<v Speaker 2>They were very much part of that SaaSpocalypse scenario. narrative

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<v Speaker 2>earlier this year and blooming intelligence weighing in and saying

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<v Speaker 2>that you know it really does signal disruption not just

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<v Speaker 2>caution uh the fact that they did um have a

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<v Speaker 2>weaker than expected outlook and there is very much slowing

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<v Speaker 2>momentum in quickbooks and turbo tax jp morgan weighing in

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<v Speaker 2>as well downgrading the stock from overweight to now neutral

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<v Speaker 2>and also cutting its price target by a good chunk

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<v Speaker 2>331 dollars now versus 605 all right uh J.M. Smucker. J.M. Smucker.

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<v Speaker 1>Wardville, Ohio.

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<v Speaker 2>That sounds like middle America. Wardville, Ohio. J.M.

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<v Speaker 1>Smucker.

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<v Speaker 2>Very fitting for a company like Smucker. I mean, that

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<v Speaker 2>stock is doing too well, or it is doing well today.

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<v Speaker 2>Ticker SJM. The shares are up now 3.8%.

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<v Speaker 1>Good results.

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<v Speaker 2>It is a beat as well as a raise for

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<v Speaker 2>their full year outlook. Both sales and profit got upgraded there.

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<v Speaker 2>And they're citing growth particularly in its Uncrustables sandwiches and coffee. Interesting.

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<v Speaker 1>There you go.

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<v Speaker 2>I can't say I've eaten a lot of Uncrustable sandwiches.

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<v Speaker 1>Well, you're not an elementary school kid, so that would

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<v Speaker 1>make sense.

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<v Speaker 2>But yeah, I mean, they say as well that the

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<v Speaker 2>new guidance includes roughly $ 115 million of tariff refunds. So

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<v Speaker 2>tariff is also helping the bottom line for Smucker here.

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<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

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