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With normal Linda, our Bloomberg Television Markets correspondent for some stocks on the move on this Thursday morning. Nora, what are you looking at? Well, let's take a look at shares of Alphabet, that's taker Google Googl. We're seeing shares lower by as much as eight percent on the day. That's the worst day since May. And this is after we are seeing people really digesting Alphabet's earnings, but they're really focused on whether or not its ambitious record spending
plan is actually too much. I mean, you got Wall Street pretty divided about this, but we did see that the company did top projections in terms of quarterly revenue and essentially just all of its revenue also jumping. It's forty eight percent to seventeen point seven billion dollars. That's beating the sixteen point two billion dollars that analys initially expected.
Gemini is also rapidly reaching new users, So a pretty good report over across the board, but people still really concerned about all the spending on artificial intelligence.
Yeah, there was a time when you got rewarded for upping your kapex madget. Now it's a little bit the other way around there. But men, we had some man deep singles in the early and said, boy, the numbers are really good. Dandling writing numbers are So we'll see how that plays out. Stocks down four point six percent right now. How about Qualcom?
Qualcom tickerq COOM shares down as much as eleven percent. That's the worst day since twenty twenty three for this company. This is after its memory is really weighing on its handset outlook. We did see that its revenue forecast was weaker than anticipated. Analysts are also saying they're pointing out the near term handsets outlook really being impacted by industry wide memory supply constraints. That's also the company noting that
as well. We did see that Bank of America downgraded the stock to neutral from buy, also moving its price target to one hundred and fifty five dollars from two fifteen. So you're certainly seeing Wall Street really trying to figure out what this means as we think about just this broader idea of a memory shortage, release breading.
And a big mover once again. It's been a moving quite a bit this week. Novo Nordous.
What interesting news we're getting, especially as we're continuing to see all this building up day after day. But what we're looking at today with Nova Nordous, this is taker invo. We're seeing shares down as much as seven and a half percent. That is the lowest level since November. This, of course is after telehealth firm Hymns and Hers essentially just put out a knockoff version of Novo Nordous weight
loss pill that's already on the market. So you're certainly seeing shares of Hymns and Hers being rewarded, pairing their gain substantially up about one percent right now as we speak. But Novo Nordous is really getting hit hard by about six percent lower right now as we speak.
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