Bloomberg Stock Movers
2026-05-15 · Hosted by — · Bloomberg / iHeartMedia
Executive Summary
A pre-market roundup the morning after Trump’s Beijing summit closed: Boeing swung from disappointment to +0.5% after Trump said China’s commitment could expand to 750 planes (the 200 already announced was the first tranche). Chip stocks sold off broadly despite Applied Materials’ bullish outlook, with Korean Kospi down 6%. Figma rose +9% pre-market on AI monetization traction, and Bill Ackman disclosed a new stake in Microsoft.
Key Stories & Changes
1. Boeing — Trump Adds Detail to China Deal
Pre-market reversed earlier weakness, now +0.5%
Trump said the 200-plane figure was the first tranche; total commitment could reach 750 planes “if they do a good job”
Earlier disappointment around the 200 figure (vs. 500+ expected) erased
2. Chip Stocks Sell Off
AMAT: Applied Materials — -2% pre-market — Forecast $9B Q sales above estimates; CEO bullish on multi-year AI demand
NVDA: Nvidia — -2% pre-market — H200 China sales did not come up at Trump-Xi summit
INTC: Intel — -4% pre-market — Year’s best-performing semi name pulling back
MU: Micron — -2% pre-market — Memory expansion theme cooling
CRBS: Cerebras — -2% pre-market — Pairing some of Thursday’s 60%+ gains
Korean Kospi (Samsung-heavy) down 6% on broader chip sell-off
3. Figma — Software Comeback
Up +9% pre-market on AI monetization traction
Q4 revenue topped estimates; paid customer base +54% YoY
Large portion of growth from customers spending $100K+ annually
Stands out against broader software weakness
4. Microsoft — Ackman Disclosure
Pershing Square’s Bill Ackman taking a new Microsoft stake
Disclosure filing later today
Ackman: investors are underestimating the company’s software value
Shares +0.4% pre-market; signal of software resurgence
Trends Identified
1. Chip Sell-Off Despite Bullish Fundamentals
Applied Materials posted strong results and bullish multi-year AI commentary, yet chips sold off broadly. The Korean Kospi’s 6% drop and pullbacks in Intel, Micron, Nvidia, and even Cerebras suggest profit-taking after the recent run rather than fundamental concern.
2. Software Resurgence Signals
Both Figma’s pre-market pop on AI monetization and Ackman’s Microsoft stake mark the first signs of a turn in software sentiment — a sector that has been heavily out of favor on AI displacement fears.
3. Trump-Xi Outputs Continue to Trickle Out
The Boeing detail (200 → 750) emerged hours after the summit, suggesting more deal terms could be released in coming days. Markets are pricing each new disclosure. —-
Sentiment Analysis
Overall Market Sentiment: Mixed
A reversal day with chips pulling back even as software shows green shoots and Boeing recovers on better-than-feared China commitment.
Risk Factors Highlighted
Chip profit-taking momentum: Korean Kospi -6% indicates broad rotation out of semis
Nvidia China exposure ambiguity: H200 chip sales were not addressed at Trump-Xi summit
Boeing deal uncertainty: 750-plane figure conditional (“if they do a good job”) with no firm timeline
Software fragility: Figma’s bounce remains an exception; sector still under AI-displacement pressure
Cerebras volatility post-IPO: -2% pre-market after debut surge; lock-up dynamics ahead
This episode was covered in today’s The Market Signal — 2026-05-15, a cross-source synthesis of multiple podcast reports.