Nvidia Hits $5 Trillion, Fiserv Plunges, Caterpillar Jumps

On this episode of Stock Movers:

- Nvidia (NVDA) achieved a historic $5 trillion market capitalization as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new heights. The company's shares rallied as much as 5.2% to $211.47, propelling Nvidia over the milestone, with Wall Street analysts overwhelmingly bullish on the firm's future prospects.

- Fiserv (FI) shares of payments-related companies slid Wednesday, tracking Fiserv lower after it reported earnings that fell well below expectations and slashed its outlook. Fiserv shares plunged by a record 47%. 

- Catepillar (CAT) shares jumped after the company posted stronger-than-expected earnings and revenue due to surging demand from AI data centers for its power-generation equipment. The company's energy and transportation division posted a 17% jump in revenue from the year-earlier period, outpacing sales growth in its traditional divisions.

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Episode Transcript

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

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

Speaker 3 (00:16):
Stocks on the move. Let's go to Lis Matteo. What
do you got for us today?

Speaker 4 (00:19):
I gotta start with the video, right, take your MVDA there,
shares has been out more than four percent. Yeah, now
the world's first five trillion dollar public company. It has
to do with their Blackwell chips a big portion of it.
If you remember, like there were months ago, President Trump
said he'd consider allowing the company to export the downgraded
version of them to China. Well, now this is just
ahead of that meeting he has with Jijinping. He says, quote,

(00:41):
we'll be speaking about blackwells. So it hinted there. And
Video also has that GtC event in DC. It announced
a few things, like a number of new partnerships with
companies like Uber, Palenteer, crowd Strike. It said it's taking
a one billion dollar equity stake in Nokia, and CEO
Jensen Mung he actually said something interesting. He said, there's
no AI. He's not concerned about it because they're AI models.

(01:03):
They're powerful enough that customers are.

Speaker 3 (01:05):
Going to pay for them, he says it.

Speaker 1 (01:07):
Yeah, of course, let's listen to the godfather of AI.
As you know, Dani's always says exactly, let's talk about
fire Serve. Just looking at the volume six thousand percent
above what it usually trades at this time of the day.

Speaker 4 (01:21):
Yeah, it's crazy. I mean they tumbled more than forty
five percent this morning. And so it's findech company Pfizer. Yeah,
so payment processing, think digital banking solutions. They slash their
out for the full year three percent decline in revenue,
and it's financial solutions segment. It's CEO Mike Lyons even
says he knows the performance is not where they want
it to be and not where the stakeholders expected to be,

(01:43):
and they kind of shook things up. They said, it's
overhauling their top leadership committee. So they're promoting their chief
operating officer to be co president. They announced a few
board changes as well, a few board editions, and the
stacks phoned like thirty nine percent this year through tuesday.

Speaker 3 (01:58):
Wow, that's brutal. So I'm just looking at it like
a comp here so far that stuck hitting a fifty
two week high earlier today, So just tail two yep.

Speaker 4 (02:09):
All right, one more, all right, I gotta hit. Caterpillar
CEAT up more than ten percent higher third quarter revenue.
The interesting thing is that it really got a boost
from its energy and transportation business, more so than the
business that makes the heavy duty equipment for construction and mining.
And that's because of rising demand for equipment that's needed
to fuel AI data centers. So that division their energy

(02:29):
and transportation. They provide battery sorce backup generators for industries.
It's been Caterpillar's fastest growing segment, so keep an eye
on it. As far as tariffs, they did say they
expect a record six hundred and fifty million to eight
hundred million dollars in twer costs in the fourth quarter.

Speaker 1 (02:45):
And I feel like we need to give a shout
out to Bloomberg News which talked about this about how
a Caterpillar is going to get a big boost from
this AI tailwind, and it was maybe another way to
play the AI story, a less obvious way.

Speaker 2 (02:57):
Yeah.

Speaker 3 (02:57):
I didn't even see that coming. I mean good, I
mean it seems like there's a lot of derivative plays
on AI these days. Leave Smithea thank you so much.
We appreciate that Smitteo does everything for Bloombergo. I'll just
leave it at that.

Speaker 2 (03:08):
This stock Movers report from Bloomberg Radio. Check back with
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