Nvidia Faces Competition; Tesla's Upswing; Boeing's Upgrade

On this episode of Stock Movers:
- Nvidia (NVDA) is down in early trading after China’s Huawei Technologies is reportedly getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia - that's according to the Wall Street Journal. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it.
- Tesla (TSLA) is leading the Mag 7 premarket gains following its best week of 2025. Despite a less-than-great earnings last week, Tesla founder Elon Musk says he will put more focus on the company rather than government work, which has provided a boon for the stock.
- Dominos (DPZ) is down in the premarket after sales missed estimates and it didn't provide an outlook for 2025. Still, Q1 revenue was higher than estimates, offering a mixed quarter print overall. Dominos larger international exposure helped lift its results in a tough environment for restaurant stocks.
- Boeing (BA) shares are higher after it was upgraded by Bernstein, citing growth potential on the horizon. Bernstein upgraded the stock to outperform from market perform. Analysts led by Douglas Harned wrote “while we cannot assume all risks are gone, after high FAA scrutiny, BCA (Boeing Commercial Airplanes) should be on a much firmer path than in 2023”

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Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news, The.

Speaker 2 (00:08):
Stock Movers podcast, your roundup of companies making moves in
the stock market. Harnessing the power of Bloomberg Data.

Speaker 3 (00:17):
Let's take a look at some stocks on the move today.
We are joined by Bloomberg's Valerie Titel. Valerie, Good morning.
So much of the focus for the market today is
on US China relations. That could be the same for
Nvidia based on the latest headlines.

Speaker 1 (00:32):
Good morning, Yeah, Good morning, Nathan, Happy Monday. Navidia is
starting off the week in the red, down one point
four percent in the pre market. This came after reports
that it's Chinese competitor, Huawei is making up some ground
in the AI race. Huawei is reportedly preparing to test
a new AI chip that it hopes can replace some
of those products replaced by Navidia. This comes from the

(00:53):
Wall Street Journal reporting that Huawei has approached some Chinese
tech companies about testing the new chip. The new processor
would put China's capabilities around two generations behind Navidia's new
black Well chips, so that news is catching up with Navidia.
Those shares are down one point four percent in pre market.

Speaker 3 (01:10):
Yeah. One of the biggest volume movers in early trading
along with Tesla. Different story there.

Speaker 1 (01:15):
Though different sorry here. Tesla on the upside, leaving the
gains for the mag seven. Tesla rising one point three
percent in pre market, rising again after its best week
of the year last week and over the weekend. Tesla
was reported to raise prices in Canada and encourage buyers
to snap up evs imported before the counter terriffs were
imposed on US made vehicles, so they said in an

(01:37):
ad campaign to get your pre tariff priced inventory wall
supplies last. Seems like the market seems to enjoy that.
Tesla shares up one point three percent.

Speaker 3 (01:46):
And we got a little bit of a merger news
call it a merger Monday, I guess with Merk and
spring Works Therapeutics.

Speaker 1 (01:53):
In folks, Yes, yeah, m and a Monday. Germany's marked
by US biotech firms spring Work Therapeutics for around four
billion dollars, funded with cash and debt. We're seeing the
spring Works share rise nearly three and a half percent
in pre market trade so far this morning. This goes
back after Germany's Merk has been busy putting its COVID
cash hall to work with the latest purchase, and the

(02:14):
acquisition is expected to boost Merk's healthcare division when that
deal closes. That's the m and A of the day,
spring Works Therapeutics of three and a half percent.

Speaker 3 (02:23):
Of course, that's going to be a really busy earnings week,
a lot of the focus on tech. But this morning
we heard from a pizza delivery chain just in time
for breakfast.

Speaker 1 (02:33):
Exactly Domino's Pizza falling after earnings down three percent in
the pre market. It had some mixed results. Sales did misestimates,
the fast food change, did not provide an outlook for
twenty twenty five. Their international sales did okay, but it
seems like a lot of attention on their US same
store sales declining by half a percent. So that's Domino's
on a backfoot, selling three percent in pre market.

Speaker 3 (02:56):
Adding on to the lack of a guidance bandwagon here,
what's going on with Boeing? Those shares are hire this morning.

Speaker 1 (03:02):
Hire in pre market Boeing rising one point six percent.
It was upgraded by Bernstein citing growth potential on the horizon.
There also was some other activity going on with Airbus
taking over some of its assets from Spirit and clearing
the way for Spirit to be acquired back by its
former parent, Boeing. So we're seeing Boeing rising one point
six percent and actually Spirit rising in the pre market

(03:23):
as well, up two point six percent on that divesta
share from Airbus.

Speaker 3 (03:26):
And just time to tell us whether there's any positioning
around the mag seven earnings are going to get this week.

Speaker 1 (03:31):
Well, it's the busiest day of first quarter earning season
this week. We've got twenty trillion in market cap set
to report the next five days. The big one our
Meta and Microsoft after the bell on Wednesday, and then
Apple and Amazon after the bell on Thursday. So the
busiest week ahead for the first quarter earning season.

Speaker 2 (03:48):
The Stock Movers podcast 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
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Speaker 1 (04:12):
M HM