Bloomberg Audio Studios, podcasts, radio News, 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 Titels. We get ready to kick off the last full trading week of twenty twenty five. Things looking pretty positive this morning, Valerie, including for a change, the Magnificent seven.
Good morning, Hey, good morning, Nathan, Yes, Max seven doing pretty decently this morning. What I want to bring to our listeners attention is Nvidia. It's leading the gains this morning. It's up over one percent, and it's important to note that it was just one of the stocks that really did lead the drag in the wider NASTAC on Friday, So seeing it rebound this morning is putting the equity
market a bit more on a solid footing. It really was those chip stocks on Friday that really dragged the index down around two percent points in a matter of hours after the opening bell on Friday session. So we're regaining some of that ground and video clawing back at some of those losses this morning.
I speaking of chip stocks this morning, Valerie. Are we waiting for some chip M and A today.
Perhaps, or we could be waiting for a few weeks. This is in telling about Intel. On Friday was reported that they are said to near a deal to acquire Samba Nova, which is an AI chip startup. So we're seeing Intel shares react positively to this news. It's up just over one percent in pre market trade. We reported that the deal could be for about one point six billion dollars including debt, and the deal could come together
as soon as next month. Now, this acquisition could help Intel really deliver on its platform to build out its AI product offerings. At least when it comes to the AI chip space, Intel is probably the third major player behind n Video and AMD, so an acquisition like this could maybe help it take on En and the very competitive and juicy AI chip space.
Well, one chip maker is not participating in this morning's rally. What's going on with Texas Instruments.
Yeah, Texas Instruments on a back foot, down two point seven percent in pre market trade, So this is on the back of a downgrade by Goldman. But TI it's less exposed to the AI chip market it's the biggest player in the analog chips. Nonetheless, Now, while Goldman is positive on the analog chip market next year, they have downgraded TI to a cell rating from a buy rating,
predicting a thirteen percent potential downside next year. And they're warning of a lack of margin expansion and earnings recovery relative to its peers, warning that they've built too much capacity and have continued to build inventory on its balance sheet which is now at record level. So text interstments instruments not necessarily enjoying the tech rebound. This morning, it's in the red down two point seven percent.
Yeah, and I would have to imagine that this name with a techt sounding at least, this is probably on the back foot as well.
I Robot, I Robot, this is the maker of Rumba vacuums that revenized revolutionized robot vacuums, you know, going on the last twenty years, has filed for Chapter eleven bankruptcy.
Shares are in the red down seventy seven percent. Off the back of this news it will be taken private by its main Chinese supplier, and it goes to show that the company has really struggled in the post covid era, both with supply chain issues Nathan, but also cheaper competitors, so I Robot filing for Chapter eleven bankruptcy and being taken private by its main suppliers. Shares are down nearly seventy eight percent in the pre market this morning.
This 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, com, and on Applecarplay and Android Auto with the Bloomberg Business app
MHM.