1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,239 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,239 --> 00:00:21,720 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel, taking a 6 00:00:21,760 --> 00:00:26,480 Speaker 3: look at US equities and American depositary receipts as well, 7 00:00:26,480 --> 00:00:28,000 Speaker 3: because we got to talk about what's going on with 8 00:00:28,040 --> 00:00:31,319 Speaker 3: Ali Baba this morning. Valerie, good morning, Hey, good morning Nathan. 9 00:00:31,400 --> 00:00:35,280 Speaker 1: Yes, the excitement still continues for this AI trade. Ali 10 00:00:35,320 --> 00:00:39,400 Speaker 1: Baba was upgraded by both Morgan Stanley and morning Star 11 00:00:39,560 --> 00:00:42,879 Speaker 1: about their excitement of the planned AI CAPEC spending that 12 00:00:42,880 --> 00:00:46,599 Speaker 1: they pledged last week. Morgan Stanley looking very positive on 13 00:00:46,680 --> 00:00:50,239 Speaker 1: their cloud revenue and morning Star is saying that the 14 00:00:50,280 --> 00:00:53,479 Speaker 1: shares are undervalued, and that's quite a statement given the 15 00:00:53,520 --> 00:00:56,800 Speaker 1: shares have already rallied fifty percent this month alone. So 16 00:00:56,880 --> 00:00:59,560 Speaker 1: Ali Baba is filling the positivity up nearly three and 17 00:00:59,600 --> 00:01:02,000 Speaker 1: a half for sent so far in this morning's trade. 18 00:01:02,040 --> 00:01:04,400 Speaker 1: It seems like the excitement for the AI trade is 19 00:01:04,480 --> 00:01:05,240 Speaker 1: still palpable. 20 00:01:05,400 --> 00:01:08,679 Speaker 3: Yeah, we've got AI competition heating up given what we're 21 00:01:08,680 --> 00:01:12,480 Speaker 3: hearing about what Huawei's plans are, what's that mean for 22 00:01:13,040 --> 00:01:15,199 Speaker 3: potential competitor in Vidia. 23 00:01:15,640 --> 00:01:18,360 Speaker 1: Well, let's start with the bloomberg scoop. Huawei is to 24 00:01:18,440 --> 00:01:22,080 Speaker 1: double output of top ai chips to rival Navidia as 25 00:01:22,120 --> 00:01:25,039 Speaker 1: their market share waivers in China, but Navidia is still 26 00:01:25,040 --> 00:01:26,400 Speaker 1: in the green. On the back of this news, I 27 00:01:26,480 --> 00:01:28,520 Speaker 1: tell you the positivity is just rolling on Nvidia of 28 00:01:28,600 --> 00:01:31,200 Speaker 1: seven tens of one percent. On the back of this 29 00:01:31,280 --> 00:01:35,280 Speaker 1: bloomberg scoop that Huawei is planning to double its output 30 00:01:35,319 --> 00:01:39,840 Speaker 1: of chips. Now now it's It's chips do lag Navidia's 31 00:01:39,920 --> 00:01:42,840 Speaker 1: in terms of performance, but they are still working on 32 00:01:43,280 --> 00:01:46,240 Speaker 1: trying to build a chip that would rival Navidia's performance. 33 00:01:46,280 --> 00:01:50,600 Speaker 1: Even Navidia's chip that was designed for the China export 34 00:01:50,680 --> 00:01:53,480 Speaker 1: market isn't necessarily their top chip, and there is still 35 00:01:53,480 --> 00:01:57,160 Speaker 1: discussions that Navidia is preparing a better chip to eventually 36 00:01:57,160 --> 00:01:59,360 Speaker 1: be exported in it to the Chinese market. But they 37 00:01:59,400 --> 00:02:01,800 Speaker 1: have hit but hit by a lot of geopolitical headwinds 38 00:02:02,120 --> 00:02:06,400 Speaker 1: of late, both the Chinese government warning top chip top 39 00:02:06,440 --> 00:02:09,240 Speaker 1: tech companies in China not to use Navidio's products, but 40 00:02:09,520 --> 00:02:11,400 Speaker 1: the video has been doing all right over the month, 41 00:02:11,520 --> 00:02:13,839 Speaker 1: and this morning is in the green, up seven tens 42 00:02:13,880 --> 00:02:14,400 Speaker 1: of one percent. 43 00:02:14,520 --> 00:02:18,399 Speaker 3: Yeah, doing all right. Maybe an understatement there. Moving well 44 00:02:18,440 --> 00:02:21,520 Speaker 3: away from the AI trade, we've got some news in 45 00:02:21,560 --> 00:02:23,519 Speaker 3: the energy space this morning. 46 00:02:23,960 --> 00:02:24,520 Speaker 2: Yes we do. 47 00:02:24,840 --> 00:02:28,480 Speaker 1: Occidental Petroleum has or it's been reported in the FT 48 00:02:28,680 --> 00:02:32,560 Speaker 1: that they are looking at a divestiture. An oxy stock 49 00:02:32,720 --> 00:02:34,480 Speaker 1: is up one and a half percent so far in 50 00:02:34,520 --> 00:02:37,000 Speaker 1: pre market trade. Now the FT is saying that they're 51 00:02:37,000 --> 00:02:40,680 Speaker 1: in talks to sell their petrochemical unit for ten billion 52 00:02:40,720 --> 00:02:43,440 Speaker 1: dollars and they'll be doing this in order to pay 53 00:02:43,480 --> 00:02:46,120 Speaker 1: down debt. Now this is a theme that it's a 54 00:02:46,160 --> 00:02:49,400 Speaker 1: theme of Occidental Petroleum recently. They've been doing some divestitures 55 00:02:49,600 --> 00:02:51,400 Speaker 1: in order to pay down their near term debt. But 56 00:02:51,440 --> 00:02:53,920 Speaker 1: this would be the biggest deal that they've done so 57 00:02:54,000 --> 00:02:55,880 Speaker 1: far if it were to go through, and actually the 58 00:02:55,880 --> 00:02:58,200 Speaker 1: company that they would spin off would be the world's 59 00:02:58,280 --> 00:03:02,640 Speaker 1: largest standalone petrochemical company. But still on these FT reports, 60 00:03:02,880 --> 00:03:04,959 Speaker 1: the share is looking positive this morning on the back 61 00:03:04,960 --> 00:03:07,200 Speaker 1: of hopes of paying down some near term debt for 62 00:03:07,240 --> 00:03:08,360 Speaker 1: Occidental Petroleum. 63 00:03:08,400 --> 00:03:11,000 Speaker 3: And we've got some headlines that directly affect the defense 64 00:03:11,080 --> 00:03:12,120 Speaker 3: industry as well. 65 00:03:12,360 --> 00:03:14,200 Speaker 1: Yeah, this is a Wall Street Journal report that the 66 00:03:14,200 --> 00:03:18,080 Speaker 1: Pentagon is looking to double or even quadruple missile production. 67 00:03:18,520 --> 00:03:21,640 Speaker 1: We're seeing shares of lockeed up two point six percent, 68 00:03:22,160 --> 00:03:24,720 Speaker 1: RTX up two point three and even Boeing in the 69 00:03:24,720 --> 00:03:27,480 Speaker 1: Green up one point three percent. Now, all these companies 70 00:03:27,720 --> 00:03:30,760 Speaker 1: were cited in this Wall Street Journal report that the 71 00:03:30,760 --> 00:03:33,720 Speaker 1: Pentagon is looking to amp up missile production for a 72 00:03:33,760 --> 00:03:37,720 Speaker 1: potential conflict with China. The Wall Street Journal mentions a 73 00:03:37,840 --> 00:03:41,680 Speaker 1: council that was set up called the Munitions and Sorry, 74 00:03:41,840 --> 00:03:46,000 Speaker 1: Munitions Acceleration Council back in June, so this is reporting 75 00:03:46,000 --> 00:03:48,000 Speaker 1: that this idea is still in the place. 76 00:03:49,240 --> 00:03:53,240 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 77 00:03:53,320 --> 00:03:55,920 Speaker 2: us throughout the day for the latest roundup of companies 78 00:03:56,000 --> 00:03:59,080 Speaker 2: making news on Wall Street and for the latest market 79 00:03:59,120 --> 00:04:03,560 Speaker 2: moving headlines. 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