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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's say a look, now, it's some stocks on the move today in Europe. I'm Rich Levins with Stephen Carroll, and we're joined by Bloomberg's Breaking News editor Chloe Malay. Chloe, ASML seems to be having a pretty big move today. I'm guessing this has something to do with those Troup headlines. Yes, absolutely so.
One of ASML's machines has apparently, according to the US, made its way into China, and so of course there would be a violation of those US export restrictions on chip making equipment. So the e Common Secretary Howard Lutnik is said to have expressed is concerned to ASML that
this might have happened. And this matters very much, of course, because we are talking about those cutting edge, state of the art machines are used to make this, to have those really advanced chips, and so the US sees this very much as a matter of national security. But ASML has actually pushed back on this, said that none of the machines are in China, and that it would be
perhaps quite hard as well to send one undetected. You know, they're the size of a school bus, they're made in very limited quantities, and they also require a constant attention, constant upkeep from ASML employees. So it's a little bit unclear what exactly the Trump administration wants from ASML to ease those concerns, what it would need to be reassured on that matter essentially, but we are seeing ASML a little bit weak on the back of that this morning.
I don't know why I find that comparison to a school bus so fascinating. We're thinking about advance of lithography machines, but it's actually very helpful when you're trying to consider, I suppose the complicationdness of shipping these things for other parts of the world, and how they might probably less easy for them to accidentally end up somewhere than you might imagine. That's an ASML. Then let's get an overenortous nest next upgraded BYRD analysts. What's been the right action?
Yeah, novn Ordist is doing quite well this morning on the back of that upgrade. So the analysts, and Nadia said there's really good potential for the cells of the weight loss pills from a NOVA to be expectations. And then it's also they also noted that there's upcoming results from a bunch of late stage clinical trials that could
be quite positive catalysts as well for Novo. And then in addition to that, there's another thing that's providing a bit of a boost for that company this morning, which is that the Novnordisk Foundation, which owns a controlling stake in Ovnordisk itself, said that it's launching a network of research incubators across Europe with the goal being to turn
academic research around obesity and diabetes into business opportunities. And the CEO of that foundation said that Europe makes really great scientific breakthroughs, but that it doesn't always know how to turn those into commercial success compared especially to researchers and academics in the US and China, where you know, those researchers are much more primed and expected to identify
their commercial potential. So that's what the network is really aiming to achieve, making Europe more competitive, more of a forward looking player in that space. And so we are seeing this as well as that Naudia upgrade really drive that stock this morning.
Very interesting good for Nova of course, which hasn't exactly had a fantastic few months. But then also Lesans is among the European cable companies that's getting a boost this morning. What's going on there.
Yeah, so Nexans and Prismian, those are some of those cable companies in Europe. So this is on the back of read across from very good results from a Japanese rival called Fuji Cure, and so Fujicura just like Nexans and just like Prismian, they make fiber optic cables that are in very high demand from AI data centers, and so that company raised its guidance, said that they had seen a big boost in orders from hyperscalers, and so of course that's seen by the market is very good
news for that optical component fiber optic cable market. And you know, Prismian, Nexs and some of those some those companies are you know, among those companies that don't have necessarily great kind of name recognition, but they're part of a sort of class of industrials that are providing you know, one part of the other of that data center supply chain and really benefiting as a result from the AI boom.
You know, Prismian is up almost eighty percent this year, so it's one of those kind of behind the scenes big beneficiaries of the AI rush. So definitely a company worth watching, but doing very well toay.
Alongside Nexen's the 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 YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.