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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 take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Valerie Titel Good and Video Morning.
Valerie Good in Video Morning, Nathan, and it is a bright and Sunday morning at that and Video shares up nearly five percent in the pre market trade. This is all down to their beat in their third quarter revenue in a bullish guidance on on future earnings, lifting not just Nvidia in the Nasdaq, but global equities with it.
The chip maker guided for next quarter revenue to be sixty five billion dollars, above estimates of sixty two and they also said that the half a trillion revenue bonanza that they expected in the coming quarters may be even bigger than anticipated. Their data center revenue also came in strong for the previous quarter, and Jensen Hwang told Bloomberg the CEO that the AI chip sales of their Blackwell
model are off the charts now. Some skeptics are weighing in on the AI bubble debate, arguing that.
Just because Nvidia AI.
Chips are in such demand doesn't mean the return on investment from them is going to be higher. That's really at the crux of the text valuations at the moment whether this massive investment in AI data centers and in Vidia chips is going to pay off. But regardless, fears are receiving about an AI bubble and risks on a front foot today.
All right, So what's the ripple effect across the AI sector.
It's pretty decent across even the rival chip makers to Nvidia's dominance in the sophisticated AI chip space. We're seeing the likes of AMD, their main rival, up five sorry, four point five percent, Broadcom up three percent, in Intel up one point six percent.
We're also seeing a decent a boost.
When it comes to as cloud computing services providers, the likes of Core weave or up nearly eight percent, an Oracle up nearly three So it's a broad based move across the tech industry this morning.
But not for every tech name. Val what's going on with Palo Alto Networks.
Follow Alto Networks.
Their shares are in the red, down three point seven percent. This is the network security software company. They came out with earnings that were actually pretty decent beat expectations, but the company agreed to acquire Chronosphere to enhance its AI enabled cybersecurity offerings and paying just north of three point three billion dollars for it. So perhaps the market viewing this acquisition with a bit of doubt given the price tag for Palo Alto.
Speaking of acquisition news, Valerie, Warner Brothers Discovery is going to be one to watch today.
Yes, so I do want to put this on everyone's radar. Warner Brothers Discovery. It's up just eight tens of one percent so far in pre market, but bids are due today for the company after Warner Brothers put itself up for sale last month, following interests from Netflix as well as Paramount, Skydance and Comcast. Now sources have told us here at Bloomberg that Netflix promised it would keep releasing studio films in theaters if it is successful buying the company.
That is something that Warner brother has contractual agreements to release movies and theaters, which Netflix would honor. So perhaps the market may be coming to groups that maybe Netflix could be the winner in today's bids.
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.