00:01 Speaker A
It’s time now for today’s trending tickers. Now, the key word today seems to be caution ahead of Nvidia’s earnings. Well, let’s start with a health check on chip stocks, as Nvidia is up quite a bit in pre-market. TSMC, one of Nvidia’s biggest partners, fell quite a bit earlier and now seems to have recovered, while AMD is slightly in the red,
00:24 Speaker A
as investors weigh how much of the AI chip addressable market it actually gets. Intel is also flat, still largely viewed as a lag it’s actually down 1% now, down viewed as a laggard despite all the support from Washington.
00:39 Speaker A
Okay, number two, Cloudfair Flare. Lots of negative headlines yesterday with a widespread outage affecting the cloud provider, and yet shares are rising. The stock is holding up in the pre-market. The market might be looking through the short-term incident and seems to care more about the long-term demand for web infrastructure and security services. In a way, the outage reminds investors of how critical Cloudflare’s role has actually become.
01:00 Speaker A
Next up, the would be Tesla rival whose rise seems unstoppable this year. China’s Xiaomi makes everything from cars to electric scooters and of course, smartphones. Now shares have fallen to a seven-month low in Hong Kong after warning that margins have taken a hit from rising cost of supply chains, especially for smartphones. But the good news for Xiaomi and bad news for its electric car rivals is Xiaomi’s EV arm posted an operating profit for the first time.
01:26 Speaker A
But that wasn’t enough to swing investors, but Tesla and everyone else should pay attention.
01:33 Speaker A
Now, here’s one story that connects the United States and Britain. WH Smith, the high street retailer. It’s still paying the consequences for an accounting error in its North American division, which overstated some numbers. The mix-up triggered a leadership reshuffle, but recovering the losses and restoring trust will be no mean feat. Today, we are seeing the first significant gains in a while for WH Smith, but just look at that fall when they reported that accounting error.
01:57 Speaker A
Okay, finally, Door Dash is, well, it’s delivering for investors today. Some bullish signals. Shares are up around 2 and a half% in the pre-market after announcing a new partnership with discount retailer Family Dollar to expand its footprint. Analyst at Jeffries upgraded the stock citing its strong positioning and insulation from AI risks. So many stocks are in wait and see mode, but as you can see, some significant moves are still happening.