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Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Dan Curtis, keeping an eye on stocks moving off the back of President Trump's two day summit in Beijing. Dan, what are you seeing?
Good morning, Good morning, Nathan, No restless.
Friday.
Shares of Boeing are up about half a percent as the President commented that Boeing got a promise of seven hundred and fifty plane purchases from China. He went on to add some details. That's if they do a good job. That they being Boeing with the first two hundred. So we walked in this morning, we knew two hundred. Markets were a little bit disappointed. We find out there's a potential for seven hundred and fifty. Those losses are erased. We're now up half eight percent in the pre market.
On the other side, Trump commented on Nvidia after Jensen Wong Jensen Wong, CEO of that company, came over on the trip with him. He said that the Nvidia chip sale didn't come up with China. Those shares are down about two percent in the pre market, and that's on a broader chip sell off.
All right, well, let's talk a little bit more about that broader chip sell off. Applied Materials is taking it on the chin this morning.
Yeah, so ticker AMAT those shares are down two percent in the pre market. It's getting caught up in that sell off. The largest US supplier of semiconductor equipment forecasting nearly nine billion dollars sales in the current quarter. That is well above estimates on the On the headlines, everything looks strong. That includes you know, sales, the likes of Samsung and Micron, which are expanding manufacturing to cope with
the shortage, and memory chips. Even the CEO came off very optimistic, saying AI compute demand is going to be a multi year driver. But as we said, chips are selling off overnight. We saw COSTPY, which is Korean shares heavily influenced by Samsung. That whole index fell six percent. Other high flyers this morning are down as well. Intel, which is one of the best performing Sammy names this year, down four percent. Micron down two percent. Even Cerebris, which
had its debut yesterday, surged well over sixty percent. Those shares are pairing some of those gains, down two percent in the pre market. So Semi's taking it on the nose this morning.
Yeah, I got quite the change from just the last couple of weeks, isn't it. But let's talk a little bit about some of the gainers this morning. The biggest gainer in the pre market is Figma.
So Figma shares are trading under fig Those shares are up nine percent in the pre market. This is the other side of the AI coin. This is a creative software platform, and in general software has been getting sold off as on AI threats. However, Figma came out with its earnings and said that it is getting a boost from early traction on AI monetization. That comes with fourth
quarter revenue topping estimates, that sending those shares higher. Figma saying overall, pig customer base grew fifty four percent from the year earlier, a large portion of that coming from customer spending over one hundred k annually. The company iPod last year. After brief search, it's been caught up in that software weakness. However, we're seeing some of that turnaround this morning.
Just quickly, we got some news not just from the President this morning, but from Pershing Squar's Bill Ackman. When it comes to Microsoft.
It's another positive sign for software. So Bill Ackman posting on x that he's taken a new stak in Microsoft. He says Pershing Square will disclose the stake in filing later today. That has those shares up about four tenths of a percent in the morning. Ackman says that investors are underestimating the company Software. We are starting to see a resurgence in software this morning. That's something we haven't seen in quite some time.
This stock Moover'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 MHM