Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data. So let's take a
Speaker 1: look at some of the stocks on the move today.
Speaker 1: We can do that with Bloomberg's Norma, Linda norm what
Speaker 1: are you looking at?
Speaker 2: Well, let's kick things off with Advanced micro Devices AMD.
Speaker 2: We've been talking about this all day. We are seeing
Speaker 2: shares that are plunging for their worst day since twenty eighteen.
Speaker 2: The stock is down as much as fifteen percent today,
Speaker 2: and this is after the company's sales forecast fell short
Speaker 2: of analysts and investor expectations. This is really underscoring, creating
Speaker 2: a sign that it's not necessarily making the AI inroads
Speaker 2: that much of Wall Street had earlier anticipated. The company
Speaker 2: reported first quarter sales that will be roughly nine point
Speaker 2: eight billion dollars plus or minus three hundred million dollars,
Speaker 2: which was lower than many projections that we did see
Speaker 2: across the street. So you're really seeing the stock getting
Speaker 2: hammered down about sixteen percent so far today as we speak.
Speaker 2: All right, let's stick with the hardware theme and take
Speaker 2: a look at another company on your radar, so this
Speaker 2: one is in the green. We're looking at super microcomputers.
Speaker 2: Take our SMCI. We're seeing shares that are up about
Speaker 2: fourteen percent earlier, up as much as eighteen percent for
Speaker 2: the best day since May for this company. We did
Speaker 2: see shares gaining, of course, after the company delivered a
Speaker 2: forecast for sales in the current quarter that did signal
Speaker 2: strong demand for its gear to run AI data center.
Speaker 2: So you're certainly seeing the stock being rewarded today. We're
Speaker 2: seeing shares up about fifteen percent so far this year,
Speaker 2: but of course that double digit gains that we are
Speaker 2: seeing today really adding to the optimism here Scarlett okay,
Speaker 2: Eli Lily, Elil Lily, taking a look at the healthcare space,
Speaker 2: Take our l Y. We've also been talking about Novo Nordis.
Speaker 2: It's competitor, it's peer, that's take our vo. We're seeing
Speaker 2: shares of el Lily, though, up as much as eleven
Speaker 2: percent on the day. That's the biggest jump since April
Speaker 2: for this company. This is after the company delivered an
Speaker 2: up upbeat sales forecast for the year. It's that it
Speaker 2: expects sales to grow as much as twin seven percent
Speaker 2: this year. We do know that just yesterday we were
Speaker 2: getting some news that Novo Nordis was saying that it
Speaker 2: was expecting to see a downturn in sales. They expect
Speaker 2: sales to fall by as much as thirteen percent this year.
Speaker 2: So you're certainly seeing a bit of a divergence of
Speaker 2: bifurcation between these two named as we're looking at the
Speaker 2: outlook for this year. So you are seeing that really
Speaker 2: playing into how shares are trading today.
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