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Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg Stan Curtis on a mostly lower Friday morning, but don't tell that to investors. In Applied Materials, Dan, good morning.
Good morning, Nathan. Yeah, it's Friday, so you might as well start off with something in the green. That's Applied Materials, the semiconductor manufacturer. Those shares are up twelve percent in the pre market. That's after the company beat both top and bottom line estimates for the fiscal first quarter, and it's projecting revenue for this quarter of about seven point seven billion dollars. That's ten percent higher than estimates to
beat beat, and it's also giving strong guidance. A lot of this is coming from that AI capex feedbrough that we've been talking about. So those companies spending hundreds of billions of dollars on building out AI infrastructure this year, and that's also benefiting the memory chip demand, So Applied Materials benefiting from that. It sees semiconductor equipment specifically growing
twenty percent this year. So this is one of those clear AI winners this morning, up eleven twelve percent right now.
And the biggest gainer this morning in the pre market. Rivian, of all companies ev maker actually doing well.
That's right, and we just talked about, you know, just a week or two, a week or two ago, we were talking about Stillant's writing down billions of dollars that followed four GM. In general, EV's have been under pressure. So this morning Rivian up twenty percent. That's definitely catching my eye as the space has been under a lot of pressure. So Rivian itself better than expected fourth quarter results.
It made its first full year gross profit ever at one hundred and forty four million dollars, so just the gros gross profit turning positive. It expects to sell sixty two to sixty seven thousand cars this year and that includes the new art which is the lower priced SUV, so it's getting in something that it's a little bit cheaper onto market and those that guidance really boosting that stock again, up twenty percent in pre market, really standing out in a space that's been under pressure a lot.
And we got some earnings from a couple of travel names, and it's a couple of different stories here, Dan.
Yeah, So I'm looking at both Expedia which is down six percent, and Airbnb, which is up five percent, And this actually seems to come back to the IAI trade. So Expedia fasted fourth quarter revenue growth in three years, first quarter sales and bookings view better than estimates. Those shares are down six percent. Airbnb also had a strong four Q also strong current guidance. Those shares are up five percent, and a lot of this comes down That
seems to come down to the AI disruption trade. Airbnb has that direct link with hosts, so they are actually offering straight through to the host, so that they are connecting the host with the customers. Expedia is kind of a third party. They're a bit more of a middleman. So the market needed to see a little bit more to convince them that Expedia was not under threat from AI. So those shares are falling down today.
And at our last thirty seconds stand, you're closing us out with the biggest decliner in the pre market. Pinterest, that's right.
So Pinterest projecting first quarter sales below estimates, that's on top of lower than expected holiday sales. It comes weeks after the company laid off hundreds of workers, so those shares are down over twenty percent in the pre market right now. The company makes money from ads, particularly home furnishing. That sector has been hard from by tariffs, so those companies that typically advertise have been reducing their ads bedding, so those shares down twenty percent.
This stock mover's 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 YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.