WEBVTT - Nvidia Drops, Oracle Falls, NIO ADRs Sink on Earnings   

0:00:02.520 --> 0:00:07.360
<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 --> 0:00:16.480
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.760 --> 0:00:18.599
<v Speaker 3>Let's stick a look at some of the stocks on

0:00:18.640 --> 0:00:20.800
<v Speaker 3>the move today. I'm Paul Swingey alongside Scarlet Field, and

0:00:20.840 --> 0:00:23.320
<v Speaker 3>we're joined by Bloomberg's Bailey Lipschaltz Billy. What are you

0:00:23.320 --> 0:00:23.840
<v Speaker 3>looking at today?

0:00:23.960 --> 0:00:26.840
<v Speaker 1>Let's start with this story of the day. In Vidia

0:00:26.920 --> 0:00:31.680
<v Speaker 1>ticker NVDA. Maybe the largest company in the US, maybe

0:00:31.720 --> 0:00:33.599
<v Speaker 1>the second largest company in the US, depending on when

0:00:33.640 --> 0:00:36.200
<v Speaker 1>you were a fresher terminal, but down right now more

0:00:36.240 --> 0:00:39.040
<v Speaker 1>than five and a half percent, So that is quite

0:00:39.159 --> 0:00:41.360
<v Speaker 1>the drop for the company, the largest drop of though

0:00:41.400 --> 0:00:45.360
<v Speaker 1>only since late October. Mid October, this coming after a

0:00:45.360 --> 0:00:50.239
<v Speaker 1>report that Google may be in fact selling its TPUs

0:00:50.640 --> 0:00:53.880
<v Speaker 1>to Meta, so back and forth. Is in Vidia going

0:00:53.880 --> 0:00:55.880
<v Speaker 1>to be the player? Is Google going to be the player?

0:00:56.120 --> 0:00:59.200
<v Speaker 1>Google parent Alphabet shares up about a half a percent.

0:00:59.480 --> 0:01:01.480
<v Speaker 1>One thing that's interesting is we've continued to see the

0:01:01.640 --> 0:01:04.840
<v Speaker 1>entire AI debate and ecosystem unfold. When you look back

0:01:04.880 --> 0:01:09.839
<v Speaker 1>to in Video's October twenty ninth peak, stocks down seventeen percent,

0:01:10.480 --> 0:01:14.039
<v Speaker 1>big move for a big company. Google up sixteen percent.

0:01:14.160 --> 0:01:16.160
<v Speaker 1>So that is a large divide between two of the

0:01:16.240 --> 0:01:18.880
<v Speaker 1>largest companies in the world, and it all stems around

0:01:18.959 --> 0:01:21.520
<v Speaker 1>whether you're debating if in Video is going to continue

0:01:21.520 --> 0:01:24.840
<v Speaker 1>to dominate with Blackwell Chips, is Google and their TPU

0:01:24.920 --> 0:01:27.200
<v Speaker 1>is going to actually give in video run for its money?

0:01:27.280 --> 0:01:29.840
<v Speaker 1>And then also kind of the underlying debate, will Google's

0:01:29.880 --> 0:01:32.160
<v Speaker 1>Gemini actually be the top app and what does that

0:01:32.280 --> 0:01:35.160
<v Speaker 1>ultimately mean for the entire open ai ecosystem? All right,

0:01:35.200 --> 0:01:38.360
<v Speaker 1>so we'll continue to watch that one. What about Oracle, Yeah,

0:01:38.520 --> 0:01:43.160
<v Speaker 1>sticking to the open IAI ecosystem, Oracle ticker orcl right

0:01:43.200 --> 0:01:47.280
<v Speaker 1>now down three percent. This comes partly on concerned around

0:01:47.319 --> 0:01:49.400
<v Speaker 1>who's going to win between Google and open Ai, if

0:01:49.440 --> 0:01:51.640
<v Speaker 1>we can call it winners and losers, but also on

0:01:51.680 --> 0:01:55.480
<v Speaker 1>the back of a CFRA downgrade CFRA analyst calling out

0:01:55.560 --> 0:01:57.960
<v Speaker 1>the debate that Wall Street has been having for a

0:01:58.000 --> 0:02:00.280
<v Speaker 1>number of weeks at this point around the company these

0:02:00.360 --> 0:02:04.040
<v Speaker 1>mounting debt concerns. That's according to the analyst Angelo Zino,

0:02:04.040 --> 0:02:07.280
<v Speaker 1>who calls out the total debt exceeding one hundred billion

0:02:07.320 --> 0:02:10.720
<v Speaker 1>dollars following the Regional capital rais saying that they expect

0:02:10.800 --> 0:02:14.160
<v Speaker 1>negative free cash flow through at least fiscal twenty twenty eight.

0:02:14.400 --> 0:02:19.280
<v Speaker 1>So again, Oracle O RCL from its September peak down

0:02:19.560 --> 0:02:22.760
<v Speaker 1>forty one percent. These are big companies. We're not talking

0:02:22.760 --> 0:02:25.760
<v Speaker 1>about a small company. Oracle half a trillion dollars.

0:02:25.520 --> 0:02:29.680
<v Speaker 3>Right now, all right, dumb question today? What is a Neo?

0:02:29.919 --> 0:02:34.480
<v Speaker 1>What is a Neo? And Io niow Neo BYD They

0:02:34.480 --> 0:02:38.680
<v Speaker 1>were all going to be revolutionary electric vehicle Chinese companies,

0:02:38.800 --> 0:02:41.080
<v Speaker 1>Chinese companies that were going to change the way that

0:02:41.120 --> 0:02:43.040
<v Speaker 1>we think about cars. They were going to kind of

0:02:43.040 --> 0:02:46.519
<v Speaker 1>eat Elon's musk, Elon Musk's lunch. Excuse me, depending where

0:02:46.520 --> 0:02:49.760
<v Speaker 1>you sat. Neo down eighty hours, down three and a

0:02:49.800 --> 0:02:53.200
<v Speaker 1>half percent right now this camp after the company reported

0:02:53.240 --> 0:02:56.480
<v Speaker 1>revenue for the third quarter softer than analysts were looking for.

0:02:57.080 --> 0:02:59.519
<v Speaker 1>Analysts kind of calling out that maybe their volume guidance,

0:02:59.520 --> 0:03:03.440
<v Speaker 1>Smith's sex spectations, battery supplies still playing out. Neo shares

0:03:03.639 --> 0:03:06.520
<v Speaker 1>or eightyrs again down more than three percent, kind of

0:03:06.560 --> 0:03:10.000
<v Speaker 1>has been struggling though, still up twenty seven percent so

0:03:10.120 --> 0:03:12.640
<v Speaker 1>far this year. But when you consider it, the stock

0:03:12.720 --> 0:03:14.799
<v Speaker 1>or the company is really about a fourteen billion dollar

0:03:14.840 --> 0:03:18.160
<v Speaker 1>market cap so not a tiny company, but certainly not

0:03:18.360 --> 0:03:19.400
<v Speaker 1>revolutionizing the world.

0:03:19.400 --> 0:03:23.720
<v Speaker 3>This isn't Bid going to eat everybody's ev lunch globally,

0:03:23.800 --> 0:03:25.280
<v Speaker 3>with the exception of the US, with exception of the

0:03:25.400 --> 0:03:28.160
<v Speaker 3>usception of the US, because I understand it's a quality

0:03:28.200 --> 0:03:29.480
<v Speaker 3>product at a cheaper price.

0:03:29.560 --> 0:03:32.320
<v Speaker 1>Well, when I was in Asia, the entire car scene

0:03:32.320 --> 0:03:35.520
<v Speaker 1>is different, right, like seeing byds and writing and BYD's

0:03:35.560 --> 0:03:38.520
<v Speaker 1>when we were in different parts of Southeast Asia. Fascinating

0:03:38.600 --> 0:03:41.040
<v Speaker 1>and like really nice cars. They kind of are very

0:03:41.040 --> 0:03:44.080
<v Speaker 1>similar to the Tesla and kind of the sleekness. Again,

0:03:44.160 --> 0:03:46.280
<v Speaker 1>they don't sell here, so a little bit of an

0:03:46.320 --> 0:03:49.080
<v Speaker 1>Apple's Oranges comparison, but still a big company, and I

0:03:49.160 --> 0:03:52.040
<v Speaker 1>believe Berkshire is still a big investor in Bid.

0:03:53.880 --> 0:03:57.880
<v Speaker 2>The stock Movers report from Bloomberg Radio. Check back with

0:03:57.960 --> 0:04:00.520
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:00.600 --> 0:04:03.720
<v Speaker 2>making news on Wall Street and for the latest market

0:04:03.720 --> 0:04:08.200
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:08.320 --> 0:04:11.800
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:11.880 --> 0:04:13.320
<v Speaker 2>the Bloomberg Business app.