Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tim Stadivack along with Carol Master with us as
Speaker 1: Bloomberg News Cross Asset reporter Emily Graffeo, Emily, what are
Speaker 1: you watching?
Speaker 3: Okay, Well, I'm watching a milestone today, Google, or as
Speaker 3: we know it as the parent company name alphabet Tiker
Speaker 3: Googl crossed three trillion dollars in marketcap today. It's joining
Speaker 3: the ranks of just three other companies, Nvidia, Microsoft, and Apple.
Speaker 3: So those are the only other publicly traded stocks above
Speaker 3: the three trillion. I think this speaks to the power
Speaker 3: of the US stock market and the power of tech
Speaker 3: as well. But of course, when we cross a milestone
Speaker 3: like this, the questions are this run keep going? And
Speaker 3: so when you look at kind of what the charts
Speaker 3: are telling us. If you look at the RSI, the
Speaker 3: Relative Strength index, it stands at nearly ninety, which is
Speaker 3: a multi year high, and it's above the level which
Speaker 3: technical traders say is overbought. So can the run keep going.
Speaker 3: Maybe not, but at least today it's up about three
Speaker 3: percent and again crossing that milestone.
Speaker 4: I keep thinking about our environment, right, and we've talked
Speaker 4: so much about uncertainty, and I still feel like there
Speaker 4: is a lot of uncertainty still out there. But like
Speaker 4: maybe for a name like Alphabet, whether it was some
Speaker 4: of the legal overhang, right, there are some things that
Speaker 4: can cross off its list that maybe makes them way
Speaker 4: forward a little bit more clear.
Speaker 3: Yeah, I mean there was a there was a moment
Speaker 3: in time where they were potentially going to have to
Speaker 3: sell Chrome. And for a lot of people who like
Speaker 3: think of Google that they think of Chrome, that's kind
Speaker 3: of one of their core products and a name that
Speaker 3: everyone knows. It's really interesting if you look at just
Speaker 3: the moves that it's had in the last several months,
Speaker 3: it's up more than seventy percent from its April low.
Speaker 3: So that added roughly one point two trillion dollars in
Speaker 3: market value since the tariff C liberation day lows.
Speaker 4: Nuts.
Speaker 3: Yeah, I mean lot. That's like multiple car companies all combined.
Speaker 4: I know, exact kitchin kitching.
Speaker 1: But we're not going to go to a car company now,
Speaker 1: We're going to go to an ETF. Yes, because you're
Speaker 1: here and you love ETFs.
Speaker 3: I love ETFs, and you know I'm on the cross
Speaker 3: acid team, So I have kind of a cross asset
Speaker 3: market monitor on my terminal, and uranium caught my eye.
Speaker 3: So I'm looking at you. Are a This is a
Speaker 3: global x uranium ETF. It's up eight percent right now,
Speaker 3: and we got a little bit of news, I guess
Speaker 3: in the nuclear and the uranium world. So the Trump
Speaker 3: administration's top energy official, Chris Right, was speaking at a
Speaker 3: conference today in Vienna, and he said the US should
Speaker 3: look to boost its strategic uranium reserve to buffer against
Speaker 3: Russian suppliers and increase confidence in the long term prospects
Speaker 3: of nuclear power generation. So you need uranium to power
Speaker 3: nuclear energy. Any time there's really any news in the
Speaker 3: marketplace that's very positive for nuclear energy, we tend to
Speaker 3: see uranium stocks rally. This ETF in particularly, it holds minors,
Speaker 3: and I'm just looking at the gains, the current gains
Speaker 3: right now. It's at a record high, I believe, actually,
Speaker 3: no excuse me, it's at the highest since twenty eleven.
Speaker 3: And it's up about seventy percent year today.
Speaker 1: Yeah, up more than eight percent just so far. I'm
Speaker 1: surprised to see Russia supplying about a quarter of the
Speaker 1: enriched uranium needed by America's fleet of ninety four nuclear reactors,
Speaker 1: and those generate about a fifth of US electricity. The challenge,
Speaker 1: and we talk about this all the time, is that
Speaker 1: these are very difficult, costly, and time consuming to build.
Speaker 1: Oftentimes they go over budget. We haven't done it. We
Speaker 1: did want, you know, few in Georgia as the US.
Speaker 1: But it's like, what are the next one?
Speaker 3: Right? Yeah, this might be a case of there being
Speaker 3: a lot of a market sentiment building before we actually
Speaker 3: see the real investments being made.
Speaker 4: It's up one hundred and twenty five percent since early April. Yeah,
Speaker 4: that bounces. Wow.
Speaker 3: Yeah, I know, even more than alphabet uranium. Who would
Speaker 3: have thought.
Speaker 4: I'm looking at RSI it says overbought. I'm just gonna say, oh,
Speaker 4: let's get to core weave.
Speaker 3: Okay, core weave last one. It's up about eight percent
Speaker 3: right now. They said that in Vidia has agreed to
Speaker 3: buy cloud Services valued at six point three billion dollars.
Speaker 3: I mean, this is just a piece of news that
Speaker 3: if you're a cloud services provider, you have a big
Speaker 3: check coming in. It's good for the stock price, and
Speaker 3: that ticker is c r WV. And they secured billions
Speaker 3: in deals to provide capacity to companies developing AM models.
Speaker 3: In Vidia is just one of those customers. They also
Speaker 3: have deals with open Ai and Microsoft, and again it's
Speaker 3: all about that AI boom and the investment needed and
Speaker 3: who can who can provide the infrastructure here.
Speaker 4: For all of that, it's just an IPO this year, right, Yeah.
Speaker 3: Yeah, it's based in New Jersey.
Speaker 1: That's where it's based. All the places where the cloud
Speaker 1: services provider.
Speaker 4: You can make New Jersey joke.
Speaker 1: No no, no, I'm not gonna you just don't see.
Speaker 1: Just based in I mean living since like a suburb.
Speaker 3: All right, Yeah, and I've been coming one, I guess
Speaker 3: because they're gonna have all this AI investment. But yeah,
Speaker 3: the stock is up almost two hundred percent since that
Speaker 3: March IPO.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
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