1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,520 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:18,520 --> 00:00:20,520 Speaker 1: at some of the stocks on the move today. We're 5 00:00:20,560 --> 00:00:24,040 Speaker 1: joined by Bloomberg Natalia Kenny Jaevich, Natali, what are you 6 00:00:24,040 --> 00:00:24,400 Speaker 1: looking at? 7 00:00:24,640 --> 00:00:27,000 Speaker 2: Yeah, let's guys start with AMD. I know you will 8 00:00:27,040 --> 00:00:29,680 Speaker 2: be talking about AI infrastructure and this is also an 9 00:00:29,680 --> 00:00:33,880 Speaker 2: important part of this puzzle. So AMD shares were downgraded 10 00:00:33,920 --> 00:00:36,479 Speaker 2: at Jeffery's. Analysts are saying that it will be more 11 00:00:36,520 --> 00:00:40,440 Speaker 2: difficult for the company to compete with Nvidia, and the 12 00:00:40,479 --> 00:00:44,880 Speaker 2: gap is expected to widen in the next couple of years. 13 00:00:45,280 --> 00:00:49,240 Speaker 2: It is also important that this is overall the eighth 14 00:00:49,400 --> 00:00:53,800 Speaker 2: downgrade we've seen so far this year. Analysts are getting 15 00:00:53,840 --> 00:00:58,280 Speaker 2: more and more pessimistic on AMD, and then during the 16 00:00:58,360 --> 00:01:04,680 Speaker 2: last earning season, mdprov did really disappointing earnings results. We 17 00:01:04,760 --> 00:01:07,680 Speaker 2: also saw that NBA itself is down today, and as 18 00:01:07,760 --> 00:01:12,080 Speaker 2: one source told me yesterday, every piece of information erodes 19 00:01:12,319 --> 00:01:16,520 Speaker 2: sentiment across big tech stocks, and especially when it comes 20 00:01:16,520 --> 00:01:19,120 Speaker 2: to AI infrastructure. And yesterday, of course, we know that 21 00:01:19,200 --> 00:01:22,800 Speaker 2: TD Collin said that Microsoft is planning to walk away 22 00:01:22,840 --> 00:01:24,800 Speaker 2: from some of these data center projects. 23 00:01:25,720 --> 00:01:27,560 Speaker 3: And you know, when we're thinking about tech, I'm seeing 24 00:01:27,600 --> 00:01:30,320 Speaker 3: also in the story that you're referencing that we had 25 00:01:30,520 --> 00:01:33,639 Speaker 3: Jeffrey saying that street estimates still seem too high for AMD. 26 00:01:33,760 --> 00:01:35,920 Speaker 3: That's really interesting, especially on a year to date basis. 27 00:01:35,920 --> 00:01:39,000 Speaker 3: I'm seeing AMD shares down about twelve percent this year, 28 00:01:39,440 --> 00:01:42,319 Speaker 3: in video down sixteen percent, but really interesting when you're 29 00:01:42,319 --> 00:01:44,000 Speaker 3: thinking about the outlook. What else are you watching? 30 00:01:44,360 --> 00:01:48,960 Speaker 2: Yes, I'm also watching Jeffries shares extended declines. On Thursday, 31 00:01:49,000 --> 00:01:53,640 Speaker 2: earnings came below expectations. We also saw one downgrade. Morgan 32 00:01:53,680 --> 00:01:57,560 Speaker 2: Stanley downgrade this stock, lower price target to seventy five 33 00:01:57,600 --> 00:02:02,800 Speaker 2: from eighty one dollars. Overall slipped eight point four percent, 34 00:02:02,880 --> 00:02:06,600 Speaker 2: and a bigger decline was seen across asset management revenue 35 00:02:06,920 --> 00:02:10,359 Speaker 2: down thirty percent. The company said that it really has 36 00:02:10,960 --> 00:02:15,560 Speaker 2: seen difficult environment across different investment strategies. This is also 37 00:02:15,600 --> 00:02:18,160 Speaker 2: an important piece of this puzzle because this is an 38 00:02:18,200 --> 00:02:21,760 Speaker 2: early read for bank earnings results, which we expect in April. 39 00:02:22,480 --> 00:02:23,720 Speaker 1: How about general notice here. 40 00:02:23,960 --> 00:02:28,080 Speaker 2: Yes, of course, carmakers are front and center today. It's 41 00:02:28,120 --> 00:02:32,040 Speaker 2: also important to look at every single stock specifically which 42 00:02:32,040 --> 00:02:35,400 Speaker 2: will one will be more or less exposed. That is 43 00:02:35,440 --> 00:02:38,280 Speaker 2: why our team Stocks team is doing a really great 44 00:02:38,360 --> 00:02:41,000 Speaker 2: job and putting together on analyst comments. I think the 45 00:02:41,120 --> 00:02:44,800 Speaker 2: most interesting, of course, came from Webbush Dnives is saying 46 00:02:44,840 --> 00:02:47,440 Speaker 2: that the price of cars can jump by five to 47 00:02:47,560 --> 00:02:51,720 Speaker 2: ten thousand dollars for some cars. He's saying that General 48 00:02:51,760 --> 00:02:57,000 Speaker 2: Motors and Ford in particular get many parts and do 49 00:02:57,080 --> 00:03:00,600 Speaker 2: some production outside the US, such as in countries like Mexico, 50 00:03:00,680 --> 00:03:05,160 Speaker 2: and these countries companies will be under pressure. At the 51 00:03:05,160 --> 00:03:08,200 Speaker 2: same time, Bernstein saying the test lane still at this 52 00:03:08,280 --> 00:03:09,880 Speaker 2: can be better positioned. 53 00:03:10,880 --> 00:03:15,000 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 54 00:03:15,080 --> 00:03:17,840 Speaker 1: us throughout the day for the latest roundup of companies 55 00:03:17,880 --> 00:03:20,919 Speaker 1: making news on Wall Street and for the latest market 56 00:03:20,960 --> 00:03:25,320 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 57 00:03:25,360 --> 00:03:28,640 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 58 00:03:28,680 --> 00:03:30,160 Speaker 1: the Bloomberg Business app.