WEBVTT - Nvidia Edges Higher; Sidus Space Rallies; Biohaven Slips on Study

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Time to take a look at some of the stocks

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<v Speaker 3>on the move today. We're joined by Bloomberg's Isabelle Lee.

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<v Speaker 3>It's a normal trading day today in the New York

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<v Speaker 3>Stock Exchange, right.

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<v Speaker 1>Absolutely, yes, normal, But the London Stock Market is closed,

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<v Speaker 1>so it's very quiet out there for boxing for the

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<v Speaker 1>whole world. Yes, boxing day.

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<v Speaker 3>Okay, that's quiet.

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<v Speaker 1>For the whole world.

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<v Speaker 3>Let's start with one of our favorite stocks here because

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<v Speaker 3>it's always the most active, in Vidia in the pre market.

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<v Speaker 1>In Vidia, Yes, this is a favorite. It's the world's

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<v Speaker 1>largest company. It's higher but maybe five one percent in

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<v Speaker 1>pre market trading. So they agreed to a licensing deal

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<v Speaker 1>with AI startup GROX. So this furthers and vidious investments

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<v Speaker 1>and companies connected to the AI boom. So the chip maker,

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<v Speaker 1>as we know, has paid for the right to use

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<v Speaker 1>GROS technology and will integrate its hip design into future products.

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<v Speaker 1>So some of the startups executives are leaving to join

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<v Speaker 1>in video to help with that effort. GROK will continue

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<v Speaker 1>us an independent company, but they will name a new CEO.

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<v Speaker 1>So in Vida's technology, as we know, already dominates data

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<v Speaker 1>centers and the popularity of their offerings really has just

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<v Speaker 1>made in Video the richest company in the chip industry.

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<v Speaker 1>So In Video said it will use some of that

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<v Speaker 1>cash to religious advance their uptake of AI across the economy.

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<v Speaker 1>So why Grock Because Grock has slow latency chips and

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<v Speaker 1>are extremely responsive to inputs. I'm going to pretend that

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<v Speaker 1>I really understand it.

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<v Speaker 3>Yes, okay, you'll explain that to me some other time.

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<v Speaker 3>I've never heard of this company. Is it Citus or

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<v Speaker 3>Citus Space?

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<v Speaker 1>I thought it was Citus and then I listened to

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<v Speaker 1>a video and it said Cidus when the video was

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<v Speaker 1>introducing the CEO. So take cars, sid you it's up

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<v Speaker 1>eight ten to one percent. This is a space and

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<v Speaker 1>defense technology company developments there there recently announced plans to

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<v Speaker 1>offer to sell shares if they're common class A common

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<v Speaker 1>stock in a proposed public offering at one dollars and

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<v Speaker 1>thirty cents a share, So they will use that for

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<v Speaker 1>sales and marketing, operational cost, product development, et cetera. Think

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<v Speaker 1>equities acting as a sole placement agent for the offering,

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<v Speaker 1>and last week the company was named a contract awarding

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<v Speaker 1>on the Missile Defense Agency's Shield IDQ program. I also

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<v Speaker 1>had to look that up and I got into a

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<v Speaker 1>rabbit hole into the Defense Department's website. Basically, that's a

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<v Speaker 1>one hundred and fifty one billion dollars sealing contract. Focus

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<v Speaker 1>on just really delivering innovative defensive capabilities to efforts that

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<v Speaker 1>are militaristic. You could just think of it like that.

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<v Speaker 1>So the stock has rallied though, around two hundred percent

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<v Speaker 1>in the past month.

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<v Speaker 3>All right, let's end up with bio Biohaven shares ticker

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<v Speaker 3>symbol bh V, and what do they do.

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<v Speaker 1>Bioheavens shares job fourteen percent. They're in the healthcare industry.

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<v Speaker 1>So shares are slumping because a mid stage study of

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<v Speaker 1>the company's experimental drug for the treatment of major depressive

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<v Speaker 1>disorder missed the primary endpoint. So City said that data

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<v Speaker 1>was disappointing. They had a by rating, but investors had

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<v Speaker 1>quote very low expectations of the study working. Raymond James,

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<v Speaker 1>who also had a by rating, said that investors they

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<v Speaker 1>focused on the focal epilepsy opportunity and RBC said that

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<v Speaker 1>the trial miss could be a clearing event, so to speak.

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<v Speaker 1>So the company does not plan on additional psychiat clinical

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<v Speaker 1>trials and will, in said, focus on obesity, immunology and

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<v Speaker 1>epilepsy in twenty twenty six.

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<v Speaker 3>So does everybody want to venture a guess as to

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<v Speaker 3>what trading volume is going to be like today? We

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<v Speaker 3>should like to put that out there.

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<v Speaker 1>There will be ten people on Wall Street.

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<v Speaker 2>The stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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