Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's get to it. Stock's on the move today. I'm
Speaker 2: Tom Kane and Paul Sweeney and bloombergs Lisa Manteo, Lisa,
Speaker 2: what do you have?
Speaker 3: All right? We're starting with chip stocks because they've been
Speaker 3: seeing a little bit of a lift this morning. In
Speaker 3: Nvidia you had up more than one percent, Broadcom as
Speaker 3: much as two percent, Qualcom up about half a percent.
Speaker 3: The reason why while the Trump administration they plan to
Speaker 3: revoke some Biden error restrictions on AI semiconductor sales overseas.
Speaker 3: And this is specifically that AI diffusion rule which created
Speaker 3: these three broad tiers of countries for regulating chip exports.
Speaker 3: So what exactly this is going to do. It's going
Speaker 3: to provide new opportunities for other countries to negotiate their
Speaker 3: own chip access. So it's good for places like Nvidia
Speaker 3: and Oracle and countries like the UA, also Saudi Arabia
Speaker 3: because they can do as you get some better terms.
Speaker 2: Yeah, doesn't just mean lower tariffs for chips. I mean
Speaker 2: it's a basic idea. We're job owning lower.
Speaker 4: Chair, I think, so I try start to start breaking,
Speaker 4: you walk it back. That's kind of what we saw
Speaker 4: last time around with this administrative.
Speaker 2: So it's like a real estate deal in Manhattan. Exactly,
Speaker 2: he's doing a deal in Des Moines.
Speaker 1: Exactly.
Speaker 4: That's that's workings.
Speaker 2: But they're up like one or two.
Speaker 3: Percent today, correct, Yes, Nvidio. But then you have other
Speaker 3: companies like for example, arm their shares are lower their
Speaker 3: semiconductor software design company. So they posted higher sales in
Speaker 3: the first quarter. That was thanks to the success of
Speaker 3: its chips, but its outlook is what disappointed, and that's
Speaker 3: what god investors worried. They say, you know, they're in
Speaker 3: the process of closing these licensing deals. They want to
Speaker 3: make sure they're signed before it adds the revenue to
Speaker 3: their outlook.
Speaker 2: Read Chip Wars. I Chi, I can't say enough about it.
Speaker 2: A great faculty up, a toughs Read Chip War. It
Speaker 2: was my book of the year last year. Just read
Speaker 2: the damn book because it's the Lisa just said, and
Speaker 2: it gives you some knowledge, which I better better than me,
Speaker 2: better than somebody of them.
Speaker 3: Paul next, Paul I'm sorry Peloton shares down, Like.
Speaker 2: I know.
Speaker 4: We've got the bike, we've got the treadmill. We're all in.
Speaker 4: My girlfriend uses in like multiple times per day. She's
Speaker 4: she's like a Lisa Matteo, crazy and yourself physical. I
Speaker 4: watch her do it, she looks on it, she looks greater.
Speaker 1: I love them sweating away.
Speaker 3: But it's been struggling, right, you know that they've been
Speaker 3: trying to get back on track. Revenue declining, sales for
Speaker 3: the hardware, their bikes and treadmills sliding seven percent.
Speaker 4: Should just buy them and you cut and shisseled.
Speaker 2: Is it because they flooded the market and there's no
Speaker 2: one else more to buy Peloton? Or is it the
Speaker 2: bikes are too expensive?
Speaker 3: There's other bikes out there too that are less expensive.
Speaker 4: The value in the company, which is hard to monetize,
Speaker 4: is the community. There's a couple of I don't know
Speaker 4: how many millions of users out there, but they are passionate,
Speaker 4: passionate people following. You got configure out a way to
Speaker 4: monetize that, and they haven't figured out a way they.
Speaker 2: Can give us another stock squeeze one name, All right,
Speaker 2: this is this is okay?
Speaker 3: Anheuser Busch in bev it is do you have do
Speaker 3: you enjoy michel Old Ultra or Stella Artois now otherwise
Speaker 3: in cans in can that's how you're rolling. Okay.
Speaker 2: Uh.
Speaker 3: They did have an offset and a fallen beer volumes.
Speaker 3: They offset that with higher profits. They cut costs, They
Speaker 3: drove consumers to drink more of the premium beer. They're
Speaker 3: they're trying to get you to go to the premium beer. Okay,
Speaker 3: you like the sella okay, good, good, But they said,
Speaker 3: he said, here's what I don't understand you as sales
Speaker 3: suffered from adverse weather and a late easter, so late easter,
Speaker 3: so I don't know, but you have Corona right that
Speaker 3: that's what they sell. Also outside the US that actually
Speaker 3: led performance grew eleven point two percent outside of Mexico really,
Speaker 3: so that was pretty interesting. But then you have like
Speaker 3: Molson Coors, which didn't do so well and their shares
Speaker 3: were off about five percent, so they had wik us
Speaker 3: Beer Demand.
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