WEBVTT - Nvidia Leads Chips Higher as Arm Declines; Peloton Sinks; BUD Rises

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

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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.

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<v Speaker 2>Let's get to it. Stock's on the move today. I'm

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<v Speaker 2>Tom Kane and Paul Sweeney and bloombergs Lisa Manteo, Lisa,

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<v Speaker 2>what do you have?

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<v Speaker 3>All right? We're starting with chip stocks because they've been

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<v Speaker 3>seeing a little bit of a lift this morning. In

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<v Speaker 3>Nvidia you had up more than one percent, Broadcom as

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<v Speaker 3>much as two percent, Qualcom up about half a percent.

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<v Speaker 3>The reason why while the Trump administration they plan to

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<v Speaker 3>revoke some Biden error restrictions on AI semiconductor sales overseas.

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<v Speaker 3>And this is specifically that AI diffusion rule which created

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<v Speaker 3>these three broad tiers of countries for regulating chip exports.

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<v Speaker 3>So what exactly this is going to do. It's going

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<v Speaker 3>to provide new opportunities for other countries to negotiate their

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<v Speaker 3>own chip access. So it's good for places like Nvidia

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<v Speaker 3>and Oracle and countries like the UA, also Saudi Arabia

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<v Speaker 3>because they can do as you get some better terms.

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<v Speaker 2>Yeah, doesn't just mean lower tariffs for chips. I mean

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<v Speaker 2>it's a basic idea. We're job owning lower.

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<v Speaker 4>Chair, I think, so I try start to start breaking,

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<v Speaker 4>you walk it back. That's kind of what we saw

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<v Speaker 4>last time around with this administrative.

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<v Speaker 2>So it's like a real estate deal in Manhattan. Exactly,

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<v Speaker 2>he's doing a deal in Des Moines.

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<v Speaker 1>Exactly.

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<v Speaker 4>That's that's workings.

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<v Speaker 2>But they're up like one or two.

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<v Speaker 3>Percent today, correct, Yes, Nvidio. But then you have other

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<v Speaker 3>companies like for example, arm their shares are lower their

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<v Speaker 3>semiconductor software design company. So they posted higher sales in

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<v Speaker 3>the first quarter. That was thanks to the success of

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<v Speaker 3>its chips, but its outlook is what disappointed, and that's

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<v Speaker 3>what god investors worried. They say, you know, they're in

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<v Speaker 3>the process of closing these licensing deals. They want to

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<v Speaker 3>make sure they're signed before it adds the revenue to

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<v Speaker 3>their outlook.

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<v Speaker 2>Read Chip Wars. I Chi, I can't say enough about it.

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<v Speaker 2>A great faculty up, a toughs Read Chip War. It

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<v Speaker 2>was my book of the year last year. Just read

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<v Speaker 2>the damn book because it's the Lisa just said, and

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<v Speaker 2>it gives you some knowledge, which I better better than me,

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<v Speaker 2>better than somebody of them.

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<v Speaker 3>Paul next, Paul I'm sorry Peloton shares down, Like.

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<v Speaker 2>I know.

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<v Speaker 4>We've got the bike, we've got the treadmill. We're all in.

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<v Speaker 4>My girlfriend uses in like multiple times per day. She's

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<v Speaker 4>she's like a Lisa Matteo, crazy and yourself physical. I

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<v Speaker 4>watch her do it, she looks on it, she looks greater.

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<v Speaker 1>I love them sweating away.

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<v Speaker 3>But it's been struggling, right, you know that they've been

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<v Speaker 3>trying to get back on track. Revenue declining, sales for

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<v Speaker 3>the hardware, their bikes and treadmills sliding seven percent.

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<v Speaker 4>Should just buy them and you cut and shisseled.

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<v Speaker 2>Is it because they flooded the market and there's no

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<v Speaker 2>one else more to buy Peloton? Or is it the

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<v Speaker 2>bikes are too expensive?

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<v Speaker 3>There's other bikes out there too that are less expensive.

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<v Speaker 4>The value in the company, which is hard to monetize,

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<v Speaker 4>is the community. There's a couple of I don't know

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<v Speaker 4>how many millions of users out there, but they are passionate,

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<v Speaker 4>passionate people following. You got configure out a way to

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<v Speaker 4>monetize that, and they haven't figured out a way they.

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<v Speaker 2>Can give us another stock squeeze one name, All right,

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<v Speaker 2>this is this is okay?

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<v Speaker 3>Anheuser Busch in bev it is do you have do

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<v Speaker 3>you enjoy michel Old Ultra or Stella Artois now otherwise

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<v Speaker 3>in cans in can that's how you're rolling. Okay.

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<v Speaker 2>Uh.

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<v Speaker 3>They did have an offset and a fallen beer volumes.

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<v Speaker 3>They offset that with higher profits. They cut costs, They

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<v Speaker 3>drove consumers to drink more of the premium beer. They're

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<v Speaker 3>they're trying to get you to go to the premium beer. Okay,

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<v Speaker 3>you like the sella okay, good, good, But they said,

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<v Speaker 3>he said, here's what I don't understand you as sales

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<v Speaker 3>suffered from adverse weather and a late easter, so late easter,

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<v Speaker 3>so I don't know, but you have Corona right that

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<v Speaker 3>that's what they sell. Also outside the US that actually

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<v Speaker 3>led performance grew eleven point two percent outside of Mexico really,

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<v Speaker 3>so that was pretty interesting. But then you have like

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<v Speaker 3>Molson Coors, which didn't do so well and their shares

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<v Speaker 3>were off about five percent, so they had wik us

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<v Speaker 3>Beer Demand.

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

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