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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg Data,

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Speaker 2: Let's take a look at some of the stocks on

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Speaker 2: the move today.

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Speaker 1: I'll swinging alongside Isabelle Lee. I'm joined by Bloomberg's Red

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Speaker 1: Brown read what are you looking at today? First, one

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Speaker 1: of my lists is actually in the red is super Micro,

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Speaker 1: down around nineteen percent. The ticket for this one is SMCI,

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Speaker 1: currently the worst performing company in the S and P

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Speaker 1: five hundred. Prior today, the stock was up eighty eight

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Speaker 1: percent this year. Now it's looking around fifty percent or so.

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Speaker 1: So yeah, this move comes after the company cut its

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Speaker 1: full year outlook and projected a quarterly profit that fell

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Speaker 1: short of expectations. The kind of interpretation of some of

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Speaker 1: those moves is that they're coming in increased pricing pressure

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Speaker 1: when it comes to the kind of the stiff competition

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Speaker 1: for AI servers. Obviously the demand is there, it now

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Speaker 1: becomes a question of how much they can spend, how

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Speaker 1: much can they they charge their customers for those So yeah,

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Speaker 1: it looks like increased competition is taking quite a hit

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Speaker 1: on their outlook. They said earlier this year they expected

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Speaker 1: to generate around forty billion dollars in sales. They've now

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Speaker 1: lowered that to at least thirty three billion, So quite

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Speaker 1: a pretty significant hint there for super Micro.

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Speaker 2: What about match Group? What's going on there?

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Speaker 1: Yes, match Group is right now if we're looking at

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Speaker 1: the shares are up around thirteen percent. That's its best

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Speaker 1: performance since July of last year, and that's kind of

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Speaker 1: moving in the opposite direction of what super Micro did.

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Speaker 1: They give a positive outlook for this next corner, kind

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Speaker 1: of a reverse of a lot of the trends we've

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Speaker 1: seen for this company. It's been kind of, I don't know,

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Speaker 1: a bit of a negative sentiment around the company. The

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Speaker 1: shares are trading up this year, but this positive move

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Speaker 1: coming after Besides the outlook, the company also gave a

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Speaker 1: pledge to invest another fifty million dollars into product development.

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Speaker 1: That's one thing that at A couple of active activist

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Speaker 1: investors that have taken interest in the company have been

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Speaker 1: really pushing for trying to reinvigorate profitability, trying to reinvigorate

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Speaker 1: user growth, which is the company has really struggled with

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Speaker 1: the last three years. Its strength that that figure each

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Speaker 1: each quarter. So yeah, probably a positive thing for Match

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Speaker 1: to continue to kind of invest in how their how

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Speaker 1: their users interact with their products. They're trying to get

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Speaker 1: rid of bad actors, trying to you know, encourage more interactions,

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Speaker 1: things like that. And also we'll be going towards a

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Speaker 1: marketing budget as well. And if anyone's in New York

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Speaker 1: and rides the subway, they see kind of a new

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Speaker 1: dating app ad on the subway pretty much weekly, so

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Speaker 1: we'll probably get to see a couple more of those

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Speaker 1: as well from.

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Speaker 2: This this stock Movers report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on applecarplay and Android

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Speaker 2: with the Bloomberg Business app. Mm hmm