Nvidia Hits $5 Trillion, Fiserv Plunges, Verizon Rises Sespite Drop in Customers

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%.
- Verizon (VZ) reported gains in revenue and profit in the third quarter as new chief executive officer Dan Schulman laid out an aggressive growth strategy. Verizon shares rose 3.4% in premarket trading after the company reported operating revenue of $33.8 billion and earnings of $1.21 a share, excluding some costs. The company reported a drop of 7,000 consumer mobile phone customers, but added 306,000 broadband customers in the third quarter, with a new partnership to expand its broadband footprint beyond its Fios network.

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Episode Transcript

Speaker 1 (00:02):
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.

Speaker 2 (00:16):
Let's get some individual equity movers now and bring in
from market drivers normal Linda Bloomberg Television Markets correspondent Nora
get Us started in video.

Speaker 3 (00:24):
The big name here, the big name of the day here,
and almost feels like every day at this point. Let's
take her in VDA and we are seeing the company
we're averaring up as much as five point six percent.
This is the highest level on record. Of course, we
know that the company topped the five trillion dollar mark,
the first company to do that in terms of market capitalization.

(00:45):
But of course we also know that this is a
lot of this being really driven by a lot of
the plans and partnerships that they've been rolling out. But additionally,
Trump saying that he will discuss the company's Blackwell AI
processors with Chinese leader Chi Jimping, and so this of
course will rallying, getting Wall Street really excited about what
that can mean here for the company and just the
broader landscape here. So you are seeing sharers on a

(01:07):
tier up about fifty five percent here today.

Speaker 4 (01:10):
Wow, all right, very good. I'll tell you what it
used to be like a hot stock, hot sector telecommunications.
If Verizon reported today as well.

Speaker 3 (01:17):
They did report revenue. We saw a lot of different
metrics that came through here, but they did report a
loss in terms of wireless phone subscribers for the third quarter.
But they do really have an aggressive strategy that they're
really trying to roll out here to gain subscribers. So
they're trying to focus away from emphasizing their network and
towards improving more or less the customer experience here. So

(01:38):
you're seeing shares of Verizon up for their best day
since July here, up as much as five point one
percent on the year. Not looking like there's too much
going on here, up about one percent so far, you're.

Speaker 4 (01:49):
Today, Well, it's interesting. This is a new CEO, Dan Shulman,
plans to quote aggressively transform Verizon's culture and cost structure
to improve the customer experience and compete effectively. I mean
you think about you know, Verizony, big telecom companies. That
might be a hard thing to do, absolutely aircraft carriers
of companies, and I feel.

Speaker 3 (02:07):
People are kind of like locked into whatever company they
work with. I mean, I feel like you have your
one phone provider. Unless some other hot new deal comes out,
you pretty much stick with the legacy that you have.

Speaker 4 (02:16):
But churn is a big thing.

Speaker 2 (02:17):
And what that's also true when it's some to upgrade
your phone, that's when you start looking at right, you
start shopping around cast about see who gets you the
best deal. All right, let's take a look at five Serve.

Speaker 3 (02:26):
I Serve not a pretty day here, actually the worst
day ever on record for the company. This is a
fintech company that we're talking about, falling for its lowest
level since twenty eighteen. This is after its results really
confused Wall Street. They suffered a record plunge after slashing
their outlook for full year earnings and a third quarter
results that really did not fall well in terms of

(02:47):
Wall Street expectations here, So you really are seeing the
stock taking a beating today in particular. But it hasn't
really been a pretty picture this year totally here. I mean,
shares have been down sixty four percent so far this year.
So clearly a troubled company right now.

Speaker 1 (03:02):
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