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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. This day

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Speaker 3: after the huge move for Oracle shares after earnings, and

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Speaker 3: looks like Oracles still doing okay this morning. Valerie, Good morning.

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Speaker 4: Yeah, good morning, Nathan. You're right.

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Speaker 1: Oracle, after surging thirty six percent yesterday, is up another

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Speaker 1: one point six percent.

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Speaker 4: In the pre market.

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Speaker 1: The rally yesterday catapulted the co founder Larry Ellison briefly

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Speaker 1: to the position of the world's richest man and actually

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Speaker 1: had the biggest one day gain and well for a

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Speaker 1: single person from the Bloomberg's Billionaire Index. But recently we

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Speaker 1: have heard from the Wall Street Journal. They reported that

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Speaker 1: one of Oracle's new splashy customer contracts was a three

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Speaker 1: one hundred billion cloud computing deal with open Ai, agreeing

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Speaker 1: to provide power for five years, one of the biggest

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Speaker 1: ever contracts signed in the cloud industry, four and a

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Speaker 1: half gigawatts equivalent to two times the power generated from

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Speaker 1: the Hoover dam.

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Speaker 4: That is what Oracle is going to.

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Speaker 1: Be delivering over the next five years to open AI.

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Speaker 4: But this Oracle rally isn't stopping. It's up another one

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Speaker 4: point six percent today.

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Speaker 3: And another stock that did pretty okay after its IPO, Klarna.

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Speaker 4: How's that stock doing this morning? I did pretty okay.

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Speaker 1: Yeah, at some point yesterday it was up forty three

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Speaker 1: percent on the day. But the Klarna shares are down

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Speaker 1: so far in pre market trade, down nearly two and

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Speaker 1: a half percent, trading at forty four dollars and seventy

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Speaker 1: cents a share, so still decently above the IPO price

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Speaker 1: of forty dollars.

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Speaker 4: But this buy now, pay later company was one of.

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Speaker 1: The biggest IPOs of the year, raised one point four

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Speaker 1: billion dollars at evaluation of seventeen billion dollars. It was

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Speaker 1: double digit oversubscribed and nearly half of the perspectives were

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Speaker 1: left empty handed without an allocation. Perhaps the reason why

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Speaker 1: we saw sets of run up in the share price

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Speaker 1: yesterday as investors clamored on to get some exposure to Klarna.

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Speaker 4: Does the IPO market have more room to run?

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Speaker 1: That's the question that this IPO is begging, but Clarna

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Speaker 1: shares in the red so far this morning, giving back

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Speaker 1: some of its gains of yesterday, down two and a

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Speaker 1: half percent.

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Speaker 3: We also saw another company soor after some changes at

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Speaker 3: the top. Let's talk about open Door.

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Speaker 1: Open Door Technologies up over thirty one percent in pre

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Speaker 1: market trade. This is the stock that kicked off the

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Speaker 1: retail frenzy a few months ago. Perhaps it's on the

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Speaker 1: verge of doing it again here, Nathan. It's up because

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Speaker 1: co founders are going to be returning to the board,

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Speaker 1: and the company is also pinching Shopify's CEO. But this

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Speaker 1: stock that was well known as a mean stock. What

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Speaker 1: open Door does is a platform for you to buy

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Speaker 1: and sell real estate, so it does seem like to

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Speaker 1: be There is still a lot of attention attention on

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Speaker 1: this meme stock.

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Speaker 3: And there's new attention on Amazon this morning, but not

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Speaker 3: because of the e commerce business or the cloud business.

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Speaker 3: What's going on with Amazon?

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Speaker 4: Yeah, this one I thought it was funny.

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Speaker 1: Amazon up eight tens of one percent, outperforming the Nasdaq

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Speaker 1: so far this morning. It named a top pick at

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Speaker 1: Morgan Stanley, but not for its cloud business. It's for

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Speaker 1: its grocery store push as it seeks to compete with

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Speaker 1: grocery store delivery services offered from the likes of Walmart.

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Speaker 1: It comes after just a few weeks ago the mag

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Speaker 1: seven company said it would offer same day groceries in

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Speaker 1: two three hundred cities across the US by the end

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Speaker 1: of the year.

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Speaker 4: So it's upgrade by Morgan Stanley.

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Speaker 1: Is seeing this mag seven stock outperform this morning, with

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Speaker 1: Amazon up eight tens of one percent.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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