WEBVTT - Alphabet Pops, Global X Uranium Up Big, CoreWeave Rallies 

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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 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tim Stadivack along with Carol Master with us as

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<v Speaker 1>Bloomberg News Cross Asset reporter Emily Graffeo, Emily, what are

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<v Speaker 1>you watching?

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<v Speaker 3>Okay, Well, I'm watching a milestone today, Google, or as

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<v Speaker 3>we know it as the parent company name alphabet Tiker

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<v Speaker 3>Googl crossed three trillion dollars in marketcap today. It's joining

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<v Speaker 3>the ranks of just three other companies, Nvidia, Microsoft, and Apple.

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<v Speaker 3>So those are the only other publicly traded stocks above

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<v Speaker 3>the three trillion. I think this speaks to the power

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<v Speaker 3>of the US stock market and the power of tech

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<v Speaker 3>as well. But of course, when we cross a milestone

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<v Speaker 3>like this, the questions are this run keep going? And

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<v Speaker 3>so when you look at kind of what the charts

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<v Speaker 3>are telling us. If you look at the RSI, the

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<v Speaker 3>Relative Strength index, it stands at nearly ninety, which is

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<v Speaker 3>a multi year high, and it's above the level which

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<v Speaker 3>technical traders say is overbought. So can the run keep going.

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<v Speaker 3>Maybe not, but at least today it's up about three

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<v Speaker 3>percent and again crossing that milestone.

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<v Speaker 4>I keep thinking about our environment, right, and we've talked

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<v Speaker 4>so much about uncertainty, and I still feel like there

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<v Speaker 4>is a lot of uncertainty still out there. But like

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<v Speaker 4>maybe for a name like Alphabet, whether it was some

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<v Speaker 4>of the legal overhang, right, there are some things that

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<v Speaker 4>can cross off its list that maybe makes them way

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<v Speaker 4>forward a little bit more clear.

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<v Speaker 3>Yeah, I mean there was a there was a moment

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<v Speaker 3>in time where they were potentially going to have to

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<v Speaker 3>sell Chrome. And for a lot of people who like

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<v Speaker 3>think of Google that they think of Chrome, that's kind

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<v Speaker 3>of one of their core products and a name that

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<v Speaker 3>everyone knows. It's really interesting if you look at just

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<v Speaker 3>the moves that it's had in the last several months,

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<v Speaker 3>it's up more than seventy percent from its April low.

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<v Speaker 3>So that added roughly one point two trillion dollars in

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<v Speaker 3>market value since the tariff C liberation day lows.

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<v Speaker 4>Nuts.

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<v Speaker 3>Yeah, I mean lot. That's like multiple car companies all combined.

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<v Speaker 4>I know, exact kitchin kitching.

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<v Speaker 1>But we're not going to go to a car company now,

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<v Speaker 1>We're going to go to an ETF. Yes, because you're

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<v Speaker 1>here and you love ETFs.

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<v Speaker 3>I love ETFs, and you know I'm on the cross

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<v Speaker 3>acid team, So I have kind of a cross asset

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<v Speaker 3>market monitor on my terminal, and uranium caught my eye.

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<v Speaker 3>So I'm looking at you. Are a This is a

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<v Speaker 3>global x uranium ETF. It's up eight percent right now,

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<v Speaker 3>and we got a little bit of news, I guess

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<v Speaker 3>in the nuclear and the uranium world. So the Trump

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<v Speaker 3>administration's top energy official, Chris Right, was speaking at a

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<v Speaker 3>conference today in Vienna, and he said the US should

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<v Speaker 3>look to boost its strategic uranium reserve to buffer against

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<v Speaker 3>Russian suppliers and increase confidence in the long term prospects

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<v Speaker 3>of nuclear power generation. So you need uranium to power

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<v Speaker 3>nuclear energy. Any time there's really any news in the

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<v Speaker 3>marketplace that's very positive for nuclear energy, we tend to

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<v Speaker 3>see uranium stocks rally. This ETF in particularly, it holds minors,

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<v Speaker 3>and I'm just looking at the gains, the current gains

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<v Speaker 3>right now. It's at a record high, I believe, actually,

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<v Speaker 3>no excuse me, it's at the highest since twenty eleven.

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<v Speaker 3>And it's up about seventy percent year today.

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<v Speaker 1>Yeah, up more than eight percent just so far. I'm

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<v Speaker 1>surprised to see Russia supplying about a quarter of the

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<v Speaker 1>enriched uranium needed by America's fleet of ninety four nuclear reactors,

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<v Speaker 1>and those generate about a fifth of US electricity. The challenge,

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<v Speaker 1>and we talk about this all the time, is that

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<v Speaker 1>these are very difficult, costly, and time consuming to build.

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<v Speaker 1>Oftentimes they go over budget. We haven't done it. We

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<v Speaker 1>did want, you know, few in Georgia as the US.

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<v Speaker 1>But it's like, what are the next one?

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<v Speaker 3>Right? Yeah, this might be a case of there being

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<v Speaker 3>a lot of a market sentiment building before we actually

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<v Speaker 3>see the real investments being made.

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<v Speaker 4>It's up one hundred and twenty five percent since early April. Yeah,

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<v Speaker 4>that bounces. Wow.

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<v Speaker 3>Yeah, I know, even more than alphabet uranium. Who would

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<v Speaker 3>have thought.

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<v Speaker 4>I'm looking at RSI it says overbought. I'm just gonna say, oh,

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<v Speaker 4>let's get to core weave.

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<v Speaker 3>Okay, core weave last one. It's up about eight percent

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<v Speaker 3>right now. They said that in Vidia has agreed to

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<v Speaker 3>buy cloud Services valued at six point three billion dollars.

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<v Speaker 3>I mean, this is just a piece of news that

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<v Speaker 3>if you're a cloud services provider, you have a big

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<v Speaker 3>check coming in. It's good for the stock price, and

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<v Speaker 3>that ticker is c r WV. And they secured billions

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<v Speaker 3>in deals to provide capacity to companies developing AM models.

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<v Speaker 3>In Vidia is just one of those customers. They also

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<v Speaker 3>have deals with open Ai and Microsoft, and again it's

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<v Speaker 3>all about that AI boom and the investment needed and

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<v Speaker 3>who can who can provide the infrastructure here.

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<v Speaker 4>For all of that, it's just an IPO this year, right, Yeah.

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<v Speaker 3>Yeah, it's based in New Jersey.

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<v Speaker 1>That's where it's based. All the places where the cloud

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<v Speaker 1>services provider.

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<v Speaker 4>You can make New Jersey joke.

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<v Speaker 1>No no, no, I'm not gonna you just don't see.

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<v Speaker 1>Just based in I mean living since like a suburb.

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<v Speaker 3>All right, Yeah, and I've been coming one, I guess

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<v Speaker 3>because they're gonna have all this AI investment. But yeah,

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<v Speaker 3>the stock is up almost two hundred percent since that

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<v Speaker 3>March IPO.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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