WEBVTT - Advanced Micro Devices Falls, Super Micro Computer Jumps, Eli Lilly Gains on Revenue Forecast

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data. So let's take a

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<v Speaker 1>look at some of the stocks on the move today.

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<v Speaker 1>We can do that with Bloomberg's Norma, Linda norm what

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<v Speaker 1>are you looking at?

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<v Speaker 2>Well, let's kick things off with Advanced micro Devices AMD.

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<v Speaker 2>We've been talking about this all day. We are seeing

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<v Speaker 2>shares that are plunging for their worst day since twenty eighteen.

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<v Speaker 2>The stock is down as much as fifteen percent today,

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<v Speaker 2>and this is after the company's sales forecast fell short

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<v Speaker 2>of analysts and investor expectations. This is really underscoring, creating

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<v Speaker 2>a sign that it's not necessarily making the AI inroads

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<v Speaker 2>that much of Wall Street had earlier anticipated. The company

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<v Speaker 2>reported first quarter sales that will be roughly nine point

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<v Speaker 2>eight billion dollars plus or minus three hundred million dollars,

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<v Speaker 2>which was lower than many projections that we did see

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<v Speaker 2>across the street. So you're really seeing the stock getting

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<v Speaker 2>hammered down about sixteen percent so far today as we speak.

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<v Speaker 2>All right, let's stick with the hardware theme and take

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<v Speaker 2>a look at another company on your radar, so this

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<v Speaker 2>one is in the green. We're looking at super microcomputers.

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<v Speaker 2>Take our SMCI. We're seeing shares that are up about

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<v Speaker 2>fourteen percent earlier, up as much as eighteen percent for

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<v Speaker 2>the best day since May for this company. We did

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<v Speaker 2>see shares gaining, of course, after the company delivered a

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<v Speaker 2>forecast for sales in the current quarter that did signal

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<v Speaker 2>strong demand for its gear to run AI data center.

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<v Speaker 2>So you're certainly seeing the stock being rewarded today. We're

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<v Speaker 2>seeing shares up about fifteen percent so far this year,

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<v Speaker 2>but of course that double digit gains that we are

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<v Speaker 2>seeing today really adding to the optimism here Scarlett okay,

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<v Speaker 2>Eli Lily, Elil Lily, taking a look at the healthcare space,

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<v Speaker 2>Take our l Y. We've also been talking about Novo Nordis.

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<v Speaker 2>It's competitor, it's peer, that's take our vo. We're seeing

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<v Speaker 2>shares of el Lily, though, up as much as eleven

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<v Speaker 2>percent on the day. That's the biggest jump since April

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<v Speaker 2>for this company. This is after the company delivered an

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<v Speaker 2>up upbeat sales forecast for the year. It's that it

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<v Speaker 2>expects sales to grow as much as twin seven percent

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<v Speaker 2>this year. We do know that just yesterday we were

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<v Speaker 2>getting some news that Novo Nordis was saying that it

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<v Speaker 2>was expecting to see a downturn in sales. They expect

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<v Speaker 2>sales to fall by as much as thirteen percent this year.

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<v Speaker 2>So you're certainly seeing a bit of a divergence of

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<v Speaker 2>bifurcation between these two named as we're looking at the

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<v Speaker 2>outlook for this year. So you are seeing that really

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<v Speaker 2>playing into how shares are trading today.

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<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 1>us throughout the day for the latest roundup of companies

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