Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data. Let's take a look at some stocks on the move today. I'm Tim Keen with Paul Sweeni and Bloomberg's Lisa Matteo.
Tell me it's not all technology, I would be lying. So let's start with Applied Materials. Okay, it's tick your amat all right. Their shares are.
Down three percent.
This is this is big. This is the largest maker of machinery used to manufacture semiconductors, based in Santa Clara, California. It's warning of a sales hit from the latest curbs in China. They expect that the cost it's going to cost company six hundred million dollars in lost revenue in fiscal twenty twenty six, which runs through next October. The latest change, Applied Materials is saying, here's the problem. It's
the Commerce Department's Bureau of Industry and Security. They issued this new role this week that widens that range of companies that are subject to those export restrictions. But it's not just Applied Materials, right, a lot of the competition facing all these strict roles, how they supply support customers in China, and Washington's really been trying to limit China's
ability to develop the domestic chip supply as well. So it's a big big it's a big company and that's why this is a big Can I just say for all of us, Lisa, thank you so much for doing this. I can't keep up.
You can't keep up.
All right, here we go Taiwan semi Conductor Manufacturing, Here we go TSM. Their shares have been up nearly two percent. So this is basically all stemming from news surrounding Huawei Technologies. There's another one for you, okay, research firm tech Insights. What they did, They took Huaweis to send Ai processors. They broke it down and they want to find out
what was inside. So they found out Huawei used advanced components from Asia's biggest tech firms, and some of them we're talking about gear from yes, Taiwan semi Conductor Manufacturing, but also Sam Sung Electronics, South Korea's s k Heinex. And as you look about where those companies are from, it shows that Huawei's reliance on foreign hardware. Do you think.
Lisa understands it. If she worked for Bloomberg Technology, you would have to come in. Yeah, until nine exactly.
And now she's in her don't let her to the bracket and Ludlow call me we go. We're moving on to online video platform, cloud service VISs provider Rumble. Okay, this is r u M. Their shares have been down as much as fourteen percent. Okay, this is the thing. You're gonna like this because they say they're going to begin to offer services of Perplexity. Okay, this is Tom's favorite AI powered search engine. All right, They're going to offer this new bundled subscription, so keep your eyes out
for it. It's going to combine Perplexity plo with a pro with Rumble premiums. It's going to combine those works Rumble video video platform, yeah, video platform, cloud services. So their shares are up like as much as fourteen percent. So under this partnership, here's what's going to happen. Perplexity is going to agree to advertise and promote their new AI based browser, commet is that I'm not sure if that is what you will be using. That's the one
I haven't. I haven't used it much yet. You haven't, Okay, it's a weekend thing. Well, they're going to put the start using that and advertising and pushing that on the platform, and I want to quickly and with bowing before we're out of time. It's not really moving, but it's a
good Bloomberg story. It's just another setback because we've been talking, you know, saying hey, thanks for getting good on the up and up, and then they were scheduled to commercially debut this seven seven seven X next year, and then Bloomberg sources are saying it's going to be delayed until twenty twenty seven. So that is the difference there.
This Stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on you Tube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app MHM.