1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,880 --> 00:00:19,799 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,800 --> 00:00:22,639 Speaker 1: I'm Nathan Hagerm. We're joined by Bloomberg's Critty Gupta on 6 00:00:22,680 --> 00:00:25,040 Speaker 1: a morning with a lot of green on the screen, 7 00:00:25,160 --> 00:00:28,360 Speaker 1: led by chip stocks. Critty on some news that could 8 00:00:28,440 --> 00:00:29,520 Speaker 1: be coming from the White House. 9 00:00:29,560 --> 00:00:32,640 Speaker 3: Good morning, Good morning, Nathaniel. Start with the chip stocks, 10 00:00:32,640 --> 00:00:35,360 Speaker 3: which are moving quite a bit. There, your biggest volume 11 00:00:35,680 --> 00:00:37,360 Speaker 3: movers to the upside this morning. We'll kick it off 12 00:00:37,400 --> 00:00:40,320 Speaker 3: with Nvideo. It's the easy one there. NVDA is your 13 00:00:40,360 --> 00:00:42,480 Speaker 3: ticker trading at one hundred and nineteen bucks a share, 14 00:00:42,520 --> 00:00:45,320 Speaker 3: hied by about one point seven percent this morning. It 15 00:00:45,440 --> 00:00:48,080 Speaker 3: is seeing the moost volume in the pre market. You're 16 00:00:48,080 --> 00:00:50,159 Speaker 3: seeing it followed right on its heels by Intel. I 17 00:00:50,400 --> 00:00:54,360 Speaker 3: NTC is your ticker trading higher by almost four percent, 18 00:00:54,520 --> 00:00:57,160 Speaker 3: So quite the win hear for Intel, and it feels 19 00:00:57,200 --> 00:00:59,320 Speaker 3: like a lot of the games are basbook on just 20 00:00:59,320 --> 00:01:02,000 Speaker 3: how much domestic exposure you actually have. So I think 21 00:01:02,000 --> 00:01:04,120 Speaker 3: this is interesting why Intel's moving so much higher than 22 00:01:04,120 --> 00:01:06,839 Speaker 3: some of its counterparts. I'll throw in advanced micro devices 23 00:01:06,880 --> 00:01:08,600 Speaker 3: in there as well. NA it's an AMD highed by 24 00:01:08,640 --> 00:01:11,120 Speaker 3: about one hundred and two bucks a share. Excuse me 25 00:01:11,240 --> 00:01:13,360 Speaker 3: training one hundred and two bucks to share higher by 26 00:01:13,360 --> 00:01:16,040 Speaker 3: at one point eight percent. Apologies for that, and also 27 00:01:16,080 --> 00:01:17,720 Speaker 3: the likes of some of the other big tech names 28 00:01:17,720 --> 00:01:20,959 Speaker 3: as well that are heavily reliant on that chip story, 29 00:01:20,959 --> 00:01:24,280 Speaker 3: and the AI story should mentioned as well, So Alphabet, Apple, Amazon, 30 00:01:24,360 --> 00:01:26,840 Speaker 3: all taking get we're getting it should say a little 31 00:01:26,840 --> 00:01:29,720 Speaker 3: bit of a boost this morning. Wehi mentioned an ARM 32 00:01:29,760 --> 00:01:33,080 Speaker 3: as well because they came out with some of their numbers. 33 00:01:33,080 --> 00:01:35,440 Speaker 3: So this is of course a British company listed in 34 00:01:35,520 --> 00:01:37,959 Speaker 3: the United States. ARM is a ticker. I believe it's 35 00:01:38,000 --> 00:01:41,480 Speaker 3: the only or the largest graphic design company for chips 36 00:01:41,920 --> 00:01:43,840 Speaker 3: around the world. And this is going to be a 37 00:01:43,840 --> 00:01:46,800 Speaker 3: really crucial one because traditionally it doesn't actually always move 38 00:01:46,880 --> 00:01:49,720 Speaker 3: in line with some of the chip stocks as well. 39 00:01:49,760 --> 00:01:52,960 Speaker 3: But it looks like they're talking about a series of 40 00:01:53,000 --> 00:01:56,400 Speaker 3: price targets drops across the board JP Morgan, for example, 41 00:01:56,440 --> 00:01:58,640 Speaker 3: moving it from one hundred and seventy five to one 42 00:01:58,680 --> 00:02:01,560 Speaker 3: hundred and fifty. They're not alone. Wolf's Fargo from one 43 00:02:01,640 --> 00:02:04,880 Speaker 3: hundred and fifty to one forty five. So Armholdings this morning, 44 00:02:04,920 --> 00:02:08,640 Speaker 3: a RM is your ticker taking quite a beating on 45 00:02:08,680 --> 00:02:10,280 Speaker 3: the street, and I'm just looking at the pre market 46 00:02:10,320 --> 00:02:13,240 Speaker 3: move here as well, also taking a beating in the 47 00:02:13,280 --> 00:02:15,520 Speaker 3: pre market, down about nine percent, trading at one hundred 48 00:02:15,520 --> 00:02:18,600 Speaker 3: and thirteen bucks a share, Nathan, that is your kind 49 00:02:18,639 --> 00:02:20,120 Speaker 3: of tech wrap there. I'm going to make a hard 50 00:02:20,160 --> 00:02:23,000 Speaker 3: pivot if I can, to the steel story. So Cleveland 51 00:02:23,000 --> 00:02:26,120 Speaker 3: Cliff's very much in focus this morning. CLF is your ticker, 52 00:02:26,480 --> 00:02:30,960 Speaker 3: down about seven percent, trading just shy of eight bucks 53 00:02:31,040 --> 00:02:33,320 Speaker 3: a share, and it looks like they are talking about 54 00:02:33,360 --> 00:02:37,480 Speaker 3: a pretty a bigger than expected first quarter loss. They're 55 00:02:37,919 --> 00:02:41,840 Speaker 3: on their estimates here, they're pausing operations on several of 56 00:02:41,880 --> 00:02:45,360 Speaker 3: their plans. They're warning about that lower revenue. We know 57 00:02:45,360 --> 00:02:47,480 Speaker 3: that this has been a sector that has been under 58 00:02:47,480 --> 00:02:49,760 Speaker 3: some scrutiny for quite some time, So keep an eye 59 00:02:50,040 --> 00:02:53,040 Speaker 3: on Cleveland Cliff. Another major volume mover to the downsize 60 00:02:53,280 --> 00:02:56,640 Speaker 3: mentioned is four Tonet. Now this is really important because 61 00:02:56,639 --> 00:02:59,360 Speaker 3: they are talking about some very high expectations, very high 62 00:02:59,400 --> 00:03:02,320 Speaker 3: bar that they had to meet this morning, down by 63 00:03:02,360 --> 00:03:05,800 Speaker 3: as much as eleven percent in the pre market cybersecurity 64 00:03:05,840 --> 00:03:08,359 Speaker 3: stocks on the day where tech stories a tech story 65 00:03:08,400 --> 00:03:11,560 Speaker 3: is leading not doing so well because of this. Looks 66 00:03:11,639 --> 00:03:15,880 Speaker 3: the product sales growth forecast missing Wall Street expectations and 67 00:03:15,960 --> 00:03:20,760 Speaker 3: coming in lower than expection. Stationally likes FTNT down something 68 00:03:21,080 --> 00:03:24,960 Speaker 3: like eleven percent, and Nathan, I think by popular demand, 69 00:03:25,200 --> 00:03:28,120 Speaker 3: I've been told talk about donuts, which I don't often 70 00:03:28,200 --> 00:03:30,119 Speaker 3: do in this segment, but we'll do it anyway. Let's 71 00:03:30,120 --> 00:03:34,120 Speaker 3: talk about Kristy Kreme here. Dnut is the ticker. It 72 00:03:34,120 --> 00:03:36,680 Speaker 3: looks like their net revenue missed estimates. I'm trying to 73 00:03:36,680 --> 00:03:38,720 Speaker 3: look at some of the nuance here, Nathan, maybe you 74 00:03:38,720 --> 00:03:40,720 Speaker 3: can help me out, but basically. 75 00:03:40,560 --> 00:03:43,440 Speaker 1: Well, they're not paying a dividend, they're ending their partnership 76 00:03:43,480 --> 00:03:46,360 Speaker 1: with McDonald's, and they're withdrawing their guidance. So that's a 77 00:03:46,440 --> 00:03:47,400 Speaker 1: triple whammy for you. 78 00:03:47,840 --> 00:03:49,960 Speaker 3: Oh easy, see, you nailed it. I was about to 79 00:03:49,960 --> 00:03:52,080 Speaker 3: say that people aren't eating enough donuts. I just don't 80 00:03:52,080 --> 00:03:56,000 Speaker 3: think that's true. Nevertheless, Dnut down about twenty nine percent 81 00:03:56,040 --> 00:03:56,520 Speaker 3: this morning. 82 00:03:57,800 --> 00:04:01,920 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 83 00:04:02,040 --> 00:04:04,760 Speaker 2: us throughout the day for the latest roundup of companies 84 00:04:04,800 --> 00:04:07,880 Speaker 2: making news on Wall Street and for the latest market 85 00:04:07,880 --> 00:04:12,240 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 86 00:04:12,320 --> 00:04:15,560 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 87 00:04:15,640 --> 00:04:17,080 Speaker 2: the Bloomberg Business app.