Home Depot Rises, Advanced Micro Devices Gains, Intuit Up After Partnering With Anthropic - podcast episode cover

Home Depot Rises, Advanced Micro Devices Gains, Intuit Up After Partnering With Anthropic

Feb 24, 20263 min
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Episode description

On this episode of Stock Movers:

- Home Depot (HD) shares rise after the company reported a key sales metric that beat expectations in the latest quarter on steady demand, though the retailer cautioned that macroeconomic challenges remain.

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

- Intuit (INTU) shares rise after news that the company announced a multi-year partnership with Anthropic to bring custom AI agents to mid-market businesses and deliver personalized experiences for consumers and businesses.

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Transcript

Speaker 1

Bloomberg Audio Studios, podcasts, radio news.

Speaker 2

The Stock Movers Report, your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg Data, Let's.

Speaker 1

Take a look at some of the stocks on the move today.

Speaker 3

We can do that with Bloomberg's Television's markets correspondent normal Linda Nor what are you looking at thing? Well, looking at shares of home depot ticker HD. Have always got my eyes on real estate. But we did see that this company in particular reported Of course, we're seeing that they did have a pretty good report of pretty beats across the board, but what people are really nervous about is the cautious outlook that they did present through the report.

People are really just talking about the fact that we're still in this macro environment that still continues to pressure the company. But we do see shares right now up about two point six percent on the data, up about thirteen percent year today. But there's still a bit of speculation about what that outlook could mean, especially as we got that after Walmart. Just a concern for the consumer more broadly.

Speaker 1

Yeah, absolutely, it's a one measure of looking at the state of the consumer and the state of housing and the say of the economy. Let's move to something in tech land. What do you have?

Speaker 3

I'm looking at AMD, can't stop keeping an eye on these tech names advanced micro devices. We do see up about seven percent. This is after Meta said that it would buy the company's ships and computers designed to run AI models. The deal overall will be worth double digit billions of dollars per gigawatt. That's according to AMD specifically, So as you can imagine, you do see Wall Street really celebratory about this news as they think about this

really having AMD taking a step forward. Shares with the company though so far this year down about two percent. Uh into it, Yes, into it, So this is stake your I Intu. We're also seeing shares higher, up about one point eight percent. This is after the announcement of a multi year partnership with Anthropic to bring custom AI agents to mid market businesses and deliver personalized experiences for consumers and businesses. So, as you can imagine, this really

is a tailwind for the company. People saying that this is really great news for Intuit, whose stock has really been battered. I mean, we're in what toward the end of February, and this stock has lost forty five percent so far this year.

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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