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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

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

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

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Speaker 3: Let's take a look at some stocks on the move.

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Speaker 3: I'm Scarlet Food with Normal Linda and we're joined out

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Speaker 3: by Bloomberg News Managing editor for the Bloomberg Markets Live blog,

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Speaker 3: Christine Aquino. And the big daddy of AI is.

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Speaker 1: In video, that's right, Scar and it's making quite the

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Speaker 1: comeback this morning or this afternoon, because this morning it

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Speaker 1: was definitely down. So Nvidia ticker NVGA, those shares are

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Speaker 1: now up more than two percent. And you know, we

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Speaker 1: know that in Vidia when when it's the tie that

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Speaker 1: basically lifts or sinks all boats, and is currently lifting

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Speaker 1: all the boats. Because along with Nvidia's rebound, of course

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Speaker 1: we see the SP five hundred also up. Is the

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Speaker 1: biggest contributor to the S and P five hundred's rally

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Speaker 1: at the moment and makes a lot of sense given

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Speaker 1: just the size of the stock. Now, everyone of course

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Speaker 1: is going to be looking forward to the earnings next

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Speaker 1: week that is going to be after the bell on Wednesday,

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Speaker 1: and of course the big focus there is again whether

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Speaker 1: they're going to be able to deliver beats for both

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Speaker 1: their third quarter fiscal results as well as their fourth

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Speaker 1: quarter guidance. A lot of focus going to be on

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Speaker 1: demand for the GB three hundred tip a chip, as

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Speaker 1: well as how much they're spending in capex, particularly with hyperscalars.

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Speaker 1: I mean, we saw that rising twenty seven billion dollars

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Speaker 1: in the second half and ninety billion for twenty twenty

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Speaker 1: six in terms of protections, and so yeah, a lot

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Speaker 1: of focus on how much more funds they're going to

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Speaker 1: be deploying to really develop AI capabilities.

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Speaker 4: Yeah, I mean, I was just looking at a story

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Speaker 4: earlier on the Bloomberg terminal that was talking about just

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Speaker 4: the volatility being priced in right now in the options

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Speaker 4: market heading into Nvidia earnings. As you mentioned, just the behemoth.

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Speaker 4: It is the super Bowl for market. So it's definitely

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Speaker 4: interesting to see how the effects of the Nvidia earnings

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Speaker 4: will definitely play out and ricochet into other sectors.

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Speaker 3: You know that it's part of the culture and part

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Speaker 3: of the zeitgeist when people are holding watch parties for

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Speaker 3: in video earnings, which was happening a few years ago,

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Speaker 3: When you know in Vidia's results shattered all expectations of

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Speaker 3: you know, what it can do, and people were saying,

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Speaker 3: oh my gosh, like this is the new gold Rush,

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Speaker 3: and you know, people organizing parties, cheering when the numbers.

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Speaker 1: We don't have any happening next week.

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Speaker 2: I don't know if anyone let us know.

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Speaker 3: Yeah, we'd love to send people over and report live

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Speaker 3: from it. Well, what else are you watching?

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Speaker 1: Also looking at Walmart today, right, So that's been in

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Speaker 1: the news because of the CEO change. So Walmart ticker

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Speaker 1: w MT, those shares stuff just a little bit today,

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Speaker 1: so to down two tenths of one percent of pairing

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Speaker 1: some of its earlier declines and probably just investors trying

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Speaker 1: to make sense of what the CEO handoff means. Right.

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Speaker 1: So Doug McMillan is going to be retiring in February.

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Speaker 1: He's going to be replaced by John Ferner. They are

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Speaker 1: very much cut from the same cloth. Though both of

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Speaker 1: them have been long standing Walmart employees, they both started

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Speaker 1: as hourly employees, they're both lifers. McMillan has been credited

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Speaker 1: as somebody who really transformed Walmart as a digital powerhouse,

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Speaker 1: particularly when it comes to e commerce businesses. And so

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Speaker 1: you know, I think the question really for investors is

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Speaker 1: is Ferner going to be able to build on that

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Speaker 1: success and maybe even extend it evolve it, right? And

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Speaker 1: you know, given that they have consistent performance, they have

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Speaker 1: gained in market share and are maintaining that for the

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Speaker 1: most part, it's really just a question of what Ferner

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Speaker 1: can do to build on that.

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Speaker 4: Yeah, I mean, I'm looking at what analysts are saying

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Speaker 4: on Wall Street for Walmart. We have forty six bys,

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Speaker 4: so about ninety five percent of the street says by

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Speaker 4: the stock and only one staying hold in one saying Cell.

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Speaker 4: So it seems as though there is some optimism here

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Speaker 4: on this company. Lastly, are what else you looking at?

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Speaker 1: Looking at Nike Nora today? So Nike shares ticker NKE,

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Speaker 1: So those hairs extending the clients, they're down more than

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Speaker 1: three percent now, so they're to headline for a number

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Speaker 1: of reasons today. It is because they are apparently ending

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Speaker 1: an initiative that gave employees an extra week off each

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Speaker 1: year to promote mental health and wellness. So is there

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Speaker 1: annual Wellness Week which started in twenty twenty one has

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Speaker 1: been held each year since for in August but now

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Speaker 1: no more, no more weeks off for wellness, which I

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Speaker 1: have to say is quite generous, right, A whole week

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Speaker 1: off for wellness sounds amazing.

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Speaker 3: Wait, so wellness is back? I mean people are not

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Speaker 3: having mental health issues anymore.

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Speaker 1: I don't know, maybe maybe they're like, we don't get

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Speaker 1: this anymore. But apart from that, I mean, Nike has

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Speaker 1: had a mixed week as well. Right, so it got

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Speaker 1: upgraded at Wells Fargo to overweight from equal weight, but

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Speaker 1: then thirteen ha F finalis also show that some companies

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Speaker 1: cutting their positions on the stock set for its biggest

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Speaker 1: rally since late July. But similar to your downtrend.

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Speaker 2: The stock Mover's report from Bloomberg Radio. Check back with

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

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

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Speaker 2: get Moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: Auto with the Bloomberg Business app.