Closing Bell: AMD Rises, Keysight Surges, Texas Instruments Slides - podcast episode cover

Closing Bell: AMD Rises, Keysight Surges, Texas Instruments Slides

Feb 24, 20264 min
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Episode description

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Carol Massar and Tim Stenovec

- Advanced Micro Devices (AMD) shares rise after news that Meta Platforms will deploy data center gear based on processors from AMD in a deal worth “double-digit billions” of dollars per gigawatt.

- Texas Instruments (TXN) shares slid nearly 5% after the chipmaker indicated that spending on new plants and equipment will remain higher than some investors had anticipated. During a presentation Tuesday, the company said that the expenditures will be $2 billion to $3 billion this year, reiterating a previous stance. The target for 2027 and beyond “depends on revenue and expected growth,” it said.

- Keysight Technologies (KEYS) shares jump 17% in premarket trading after the measurement instruments company guided for above-20% growth for revenue and earnings in FY26, beating estimates. Booming AI workloads, along with faster growth in other business areas including wireless and defense, are all boosting growth, according to analysts.

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Transcript

Speaker 1

Bloomberg Audio Studios, Podcasts, Radio News.

Speaker 2

This is the closing bell on the stock movers report the company's making moves at the close of US trading with Carol Masser, Tim stenovek Romain Bostik, and Katie Greifel.

Speaker 1

All right, guys, let me go to some of the individual gainers. AMD number two gainer in the S and P five hundred, also the number two gainer in the Nasdaq one hundred, this one rallying almost nine percent today's session. You know the news Meta Platforms will be spending billions of dollars on AMD gear and has plans to buy AMD stock. Met is going to deploy data center gear based on processors from AMD in a deal with double digit billions of dollars per gigawatt. Get into the story.

It's on the Bloomberg. All the details, but definitely moving. That name ticker k e ys keys Keysite Technologies number one gainer in the S and P five hundred. It's a measure Sure Instruments company and the stock surging twenty three percent in today's session after it forecasts fiscal second quarter earnings, which beat the average analyst estimate. It also

reported stronger than expected first quarter results. Speaking of AI, booming AI workloads along with faster growth in other business areas including wireless and defense, are all boosting growth according to analysts for this company and one more, this was your number one gainer in the Nasdaq one hundred Thompson Reuters ticker TRII stock up about eleven and a half percent share soaring on heavy volume in today's session. Biggest

intra day gain two in about seventeen years. Companies that it reached one million professional users of co counsel, it's legal and business artificial intelligence tool, and announced that it was working with Anthropics Claude Models.

Speaker 2

Stock still down.

Speaker 1

Though about thirty one percent year to date, but AI just in everything, and it definitely gets stocks move and sometimes to the downside, sometimes to the upside.

Speaker 3

Well, let's look at some stocks that did move to the downside today and the worst performer in the S and P five hundred, but among them Texas Instruments, down close to three percent on the day today. This after the company indicated that spending on new plants and equipment will remain higher than some investors had anticipated. The company gave a presentation on Tuesday and said that expenditures will

be two billion to three billion dollars this year. That was the previous stance Over the last four years, it's increased spending far above historical levels, citing they need to bring manufacturing back in house and reverse an outsourcing trend. Also taking a look at shares of Whirlpool Corp. On the day today, this after it said it launched a concurrent, separate underwritten public offerings of common shares and depository shares.

Shares fell by close to fourteen percent. The depository shares each represent a one twentieth interest in a share of a newly issued series A mandatory convertible preferred stock, and the proceeds aggregate from the offerings are anticipated to be eight hundred million dollars. And finally, Novo Nordisk and Eli Lilly both falling today this after novas it plans to slash the US list prices for its blockbusters we go By and no Zepik next year by as much as

fifty percent. Novo Nordous ADRs down two point six percent, Eli Lilly down one point six percent. All right, not much movement in yields today, down up about two basis points on the shorter end of the curve, up about two basis points on the longer end of the curve.

Speaker 2

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.

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