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The Stock Movers report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
I'm Charlie Pelop. Will you take a look now at some of the stocks on the move today? And we are joined by Avalon Pernell, Bloomberg Equities Reporter. Got to begin with Advanced micro Devices. This stock is flying this after earnings. Tell me a little bit more Avalan about what's happening with AMD.
Yes, AMD is currently up about eighteen percent to hit a record high. That's after the company gave a pretty upbeat second quarter forecast as it continues to cash in on that AI spending craze. It also reported a first quarter beat practically across the board. One important thing to also notice that after the print, AMD got several price target boosts, including an upgrade to buy at Goldman Sachs, who said that AMD should be an outsized beneficiary of enterprise agentic AI adoption.
All right, certainly a major move today for advanced micro devices. Also moving higher today after earnings ride share companies, the first of two based in San Francisco. We heard from Uber Technologies what happened with Uber? Why is the stock advancing now?
Yes, we sure did. That's ticker Youber, otherwise known as Uber up currently now about nine percent most interday since last June. That's after to ride hailing company forecast gross bookings and adjusted EBITDA for the second quarter that topped expectations. Jeffrey's writing that the faster and expected bookings growth despite the macro headwinds and also winter storms that we saw the past quarter, reveals strong execution and potentially a pathway to long term growth for that company.
All right, so Uber is hired tomorrow we will be hearing after the bell from Lyft, and of course Uber's numbers do set expectations for the broader ride hailing and food delivery industries. Let us talk now about a company named Da Vita that stock absolutely surging today, adding to it's year today gain of roughly sixty nine percent. What is the Vita? Why is the stock on the move?
Yes, that's ticker DVA. Not every day that we have a healthcare stock that is basically at the top of the S and P five hundred top performers, but Alasta Vita made it jumping twenty two percent to hit a
record high today. That's after the kidney dialysis services provider reported adjusted earnings per share for the first quarter that walloped expectations the print, leading Deutsche Bank to upgrade the stock to buy, saying that the company's revenue per treatment and treatment growth in the first quarter were shining stars.
Of the print.
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