Speaker 1: Bloomberg Audio Studios. Podcasts. Radio.
Speaker 2: News.
Speaker 1: The Stock Movers Report. Your roundup of companies making moves
Speaker 1: in the stock market. Harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some of the stocks on
Speaker 1: the move today.
Speaker 2: We can do that with Bloomberg's Christine Aquino, Managing Editor
Speaker 2: for MarketsLive. Christine, what are you looking at?
Speaker 1: All right, Paul.
Speaker 2: Well, we got to talk about NVIDIA because it's the
Speaker 2: big day. So ticker NVDA, those shares actually not doing
Speaker 2: too badly, just down a little bit, three tenths of
Speaker 2: one percent at the moment. And again, the big question, right?
Speaker 2: What is the state of AI demand and what do
Speaker 2: NVIDIA's results tell us about that? So the revenue estimate,
Speaker 2: of course, I mean. It's a bajillion dollars. It's not really.
Speaker 2: It's $ 92 billion.
Speaker 1: Might as well be.
Speaker 2: Might as well be a bajillion dollars. A lot of
Speaker 2: that looking to come from the data center, part of
Speaker 2: the business, the revenue estimate there is $ 85 billion. And,
Speaker 2: you know, I think a lot of investors and analysts
Speaker 2: looking at the margins part of the earnings, that's going
Speaker 2: to be interesting because that will tell us kind of
Speaker 2: how much pricing power NVIDIA still has. Remember that they
Speaker 2: told customers recently they're going to have to increase prices
Speaker 2: to account for the surge. memory chip expenses and so
Speaker 2: we're looking to hear more from them in terms of
Speaker 2: how much they are able to wield up pricing power
Speaker 2: investments into other companies particularly their own customers another topic
Speaker 2: that would be of interest to investors and analysts especially
Speaker 2: because you know there's whole concerns about this whole circular
Speaker 2: funding issue and nvidia being very much at the center
Speaker 2: of all of that. I mean, one interesting thing that
Speaker 2: we were looking at this on the MLive blog today,
Speaker 2: NVIDIA is no longer the biggest driver of day-to-day moves
Speaker 2: in equity markets. And so, you know, at least by
Speaker 2: that measure, some of its influence is starting to wane
Speaker 2: a little bit, but still, of course, a very important
Speaker 2: company to watch.
Speaker 1: All right. Next up on your list.
Speaker 2: We're looking at Intuit as well, Scarlett. We know the
Speaker 2: results are Weakened unexpected, of course, and we're seeing that
Speaker 2: in the shares. So ticker INTU, those shares are now
Speaker 2: about three and a half percent. I mean, look, outlook
Speaker 2: is weaker than expected. That was very much, of course,
Speaker 2: related to concerns again about the AI related disruption that
Speaker 2: this stock has had to battle for most of this year.
Speaker 2: They were very much part of that SaaSpocalypse scenario. narrative
Speaker 2: earlier this year and blooming intelligence weighing in and saying
Speaker 2: that you know it really does signal disruption not just
Speaker 2: caution uh the fact that they did um have a
Speaker 2: weaker than expected outlook and there is very much slowing
Speaker 2: momentum in quickbooks and turbo tax jp morgan weighing in
Speaker 2: as well downgrading the stock from overweight to now neutral
Speaker 2: and also cutting its price target by a good chunk
Speaker 2: 331 dollars now versus 605 all right uh J.M. Smucker. J.M. Smucker.
Speaker 1: Wardville, Ohio.
Speaker 2: That sounds like middle America. Wardville, Ohio. J.M.
Speaker 1: Smucker.
Speaker 2: Very fitting for a company like Smucker. I mean, that
Speaker 2: stock is doing too well, or it is doing well today.
Speaker 2: Ticker SJM. The shares are up now 3.8%.
Speaker 1: Good results.
Speaker 2: It is a beat as well as a raise for
Speaker 2: their full year outlook. Both sales and profit got upgraded there.
Speaker 2: And they're citing growth particularly in its Uncrustables sandwiches and coffee. Interesting.
Speaker 1: There you go.
Speaker 2: I can't say I've eaten a lot of Uncrustable sandwiches.
Speaker 1: Well, you're not an elementary school kid, so that would
Speaker 1: make sense.
Speaker 2: But yeah, I mean, they say as well that the
Speaker 2: new guidance includes roughly $ 115 million of tariff refunds. So
Speaker 2: tariff is also helping the bottom line for Smucker here.
Speaker 1: The Stock Movers 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-moving headlines,
Speaker 1: listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com,
Speaker 1: and on Apple CarPlay and Android Auto with the Bloomberg
Speaker 1: Business app.