1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,880 Speaker 1: harnessing the power of Bloomberg data. So let's take a 4 00:00:16,880 --> 00:00:18,360 Speaker 1: look at some of the stocks on the move today. 5 00:00:18,360 --> 00:00:21,520 Speaker 1: We can do that with Bloomberg's Norma, Linda norm what 6 00:00:21,520 --> 00:00:21,959 Speaker 1: are you looking at? 7 00:00:22,120 --> 00:00:24,760 Speaker 2: Well, let's kick things off with Advanced micro Devices AMD. 8 00:00:24,840 --> 00:00:27,320 Speaker 2: We've been talking about this all day. We are seeing 9 00:00:27,320 --> 00:00:30,600 Speaker 2: shares that are plunging for their worst day since twenty eighteen. 10 00:00:30,600 --> 00:00:32,880 Speaker 2: The stock is down as much as fifteen percent today, 11 00:00:33,280 --> 00:00:35,880 Speaker 2: and this is after the company's sales forecast fell short 12 00:00:35,880 --> 00:00:40,040 Speaker 2: of analysts and investor expectations. This is really underscoring, creating 13 00:00:40,080 --> 00:00:43,240 Speaker 2: a sign that it's not necessarily making the AI inroads 14 00:00:43,280 --> 00:00:46,280 Speaker 2: that much of Wall Street had earlier anticipated. The company 15 00:00:46,320 --> 00:00:49,320 Speaker 2: reported first quarter sales that will be roughly nine point 16 00:00:49,320 --> 00:00:52,800 Speaker 2: eight billion dollars plus or minus three hundred million dollars, 17 00:00:53,000 --> 00:00:55,400 Speaker 2: which was lower than many projections that we did see 18 00:00:55,400 --> 00:00:57,200 Speaker 2: across the street. So you're really seeing the stock getting 19 00:00:57,200 --> 00:01:01,640 Speaker 2: hammered down about sixteen percent so far today as we speak. 20 00:01:01,760 --> 00:01:04,160 Speaker 2: All right, let's stick with the hardware theme and take 21 00:01:04,160 --> 00:01:06,720 Speaker 2: a look at another company on your radar, so this 22 00:01:06,760 --> 00:01:09,080 Speaker 2: one is in the green. We're looking at super microcomputers. 23 00:01:09,120 --> 00:01:12,199 Speaker 2: Take our SMCI. We're seeing shares that are up about 24 00:01:12,200 --> 00:01:14,840 Speaker 2: fourteen percent earlier, up as much as eighteen percent for 25 00:01:14,880 --> 00:01:17,840 Speaker 2: the best day since May for this company. We did 26 00:01:17,840 --> 00:01:20,320 Speaker 2: see shares gaining, of course, after the company delivered a 27 00:01:20,400 --> 00:01:23,240 Speaker 2: forecast for sales in the current quarter that did signal 28 00:01:23,280 --> 00:01:27,120 Speaker 2: strong demand for its gear to run AI data center. 29 00:01:27,160 --> 00:01:29,399 Speaker 2: So you're certainly seeing the stock being rewarded today. We're 30 00:01:29,400 --> 00:01:32,720 Speaker 2: seeing shares up about fifteen percent so far this year, 31 00:01:32,760 --> 00:01:34,640 Speaker 2: but of course that double digit gains that we are 32 00:01:34,680 --> 00:01:39,440 Speaker 2: seeing today really adding to the optimism here Scarlett okay, 33 00:01:39,480 --> 00:01:42,279 Speaker 2: Eli Lily, Elil Lily, taking a look at the healthcare space, 34 00:01:42,319 --> 00:01:44,640 Speaker 2: Take our l Y. We've also been talking about Novo Nordis. 35 00:01:44,959 --> 00:01:47,960 Speaker 2: It's competitor, it's peer, that's take our vo. We're seeing 36 00:01:47,960 --> 00:01:50,600 Speaker 2: shares of el Lily, though, up as much as eleven 37 00:01:50,680 --> 00:01:53,200 Speaker 2: percent on the day. That's the biggest jump since April 38 00:01:53,200 --> 00:01:55,160 Speaker 2: for this company. This is after the company delivered an 39 00:01:55,240 --> 00:01:58,160 Speaker 2: up upbeat sales forecast for the year. It's that it 40 00:01:58,200 --> 00:02:01,040 Speaker 2: expects sales to grow as much as twin seven percent 41 00:02:01,400 --> 00:02:03,440 Speaker 2: this year. We do know that just yesterday we were 42 00:02:03,440 --> 00:02:05,360 Speaker 2: getting some news that Novo Nordis was saying that it 43 00:02:05,400 --> 00:02:08,680 Speaker 2: was expecting to see a downturn in sales. They expect 44 00:02:08,760 --> 00:02:11,679 Speaker 2: sales to fall by as much as thirteen percent this year. 45 00:02:11,720 --> 00:02:14,400 Speaker 2: So you're certainly seeing a bit of a divergence of 46 00:02:14,400 --> 00:02:16,560 Speaker 2: bifurcation between these two named as we're looking at the 47 00:02:16,600 --> 00:02:19,200 Speaker 2: outlook for this year. So you are seeing that really 48 00:02:19,280 --> 00:02:21,160 Speaker 2: playing into how shares are trading today. 49 00:02:22,040 --> 00:02:26,040 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 50 00:02:26,120 --> 00:02:28,720 Speaker 1: us throughout the day for the latest roundup of companies 51 00:02:28,800 --> 00:02:31,880 Speaker 1: making news on Wall Street and for the latest market 52 00:02:31,919 --> 00:02:36,400 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 53 00:02:36,480 --> 00:02:39,960 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 54 00:02:40,040 --> 00:02:41,520 Speaker 1: the Bloomberg Business app.