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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 stick a look at some of the stocks on the move today. I'm Paul Swingey alongside Scarlet Field, and we're joined by Bloomberg's Bailey Lipschaltz Billy. What are you looking at today?
Let's start with this story of the day. In Vidia ticker NVDA. Maybe the largest company in the US, maybe the second largest company in the US, depending on when you were a fresher terminal, but down right now more than five and a half percent, So that is quite the drop for the company, the largest drop of though only since late October. Mid October, this coming after a report that Google may be in fact selling its TPUs to Meta, so back and forth. Is in Vidia going
to be the player? Is Google going to be the player? Google parent Alphabet shares up about a half a percent. One thing that's interesting is we've continued to see the entire AI debate and ecosystem unfold. When you look back to in Video's October twenty ninth peak, stocks down seventeen percent, big move for a big company. Google up sixteen percent.
So that is a large divide between two of the largest companies in the world, and it all stems around whether you're debating if in Video is going to continue to dominate with Blackwell Chips, is Google and their TPU is going to actually give in video run for its money? And then also kind of the underlying debate, will Google's Gemini actually be the top app and what does that ultimately mean for the entire open ai ecosystem? All right,
so we'll continue to watch that one. What about Oracle, Yeah, sticking to the open IAI ecosystem, Oracle ticker orcl right now down three percent. This comes partly on concerned around who's going to win between Google and open Ai, if we can call it winners and losers, but also on the back of a CFRA downgrade CFRA analyst calling out the debate that Wall Street has been having for a number of weeks at this point around the company these
mounting debt concerns. That's according to the analyst Angelo Zino, who calls out the total debt exceeding one hundred billion dollars following the Regional capital rais saying that they expect negative free cash flow through at least fiscal twenty twenty eight. So again, Oracle O RCL from its September peak down forty one percent. These are big companies. We're not talking about a small company. Oracle half a trillion dollars.
Right now, all right, dumb question today? What is a Neo?
What is a Neo? And Io niow Neo BYD They were all going to be revolutionary electric vehicle Chinese companies, Chinese companies that were going to change the way that we think about cars. They were going to kind of eat Elon's musk, Elon Musk's lunch. Excuse me, depending where you sat. Neo down eighty hours, down three and a half percent right now this camp after the company reported revenue for the third quarter softer than analysts were looking for.
Analysts kind of calling out that maybe their volume guidance, Smith's sex spectations, battery supplies still playing out. Neo shares or eightyrs again down more than three percent, kind of has been struggling though, still up twenty seven percent so far this year. But when you consider it, the stock or the company is really about a fourteen billion dollar market cap so not a tiny company, but certainly not revolutionizing the world.
This isn't Bid going to eat everybody's ev lunch globally, with the exception of the US, with exception of the usception of the US, because I understand it's a quality product at a cheaper price.
Well, when I was in Asia, the entire car scene is different, right, like seeing byds and writing and BYD's when we were in different parts of Southeast Asia. Fascinating and like really nice cars. They kind of are very similar to the Tesla and kind of the sleekness. Again, they don't sell here, so a little bit of an Apple's Oranges comparison, but still a big company, and I believe Berkshire is still a big investor in Bid.
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