Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.
Speaker 3: All Right, so a lot of green on the screen there.
Speaker 3: You can see that in that imap, and so I
Speaker 3: had a lot to choose from. I'm going to go though,
Speaker 3: first to the number one gainer in the Nasdaq one
Speaker 3: hundred that was Qualcom today and as we bring up
Speaker 3: the trade for you can see that stock was up
Speaker 3: about almost twelve percent here in today's session. We did
Speaker 3: get some news I think yesterday I think you guys
Speaker 3: covered it about Stilantis and Qualcom expanding their multi year
Speaker 3: collaboration to integrate this particular chassis system on chips. It's
Speaker 3: called Snapdragon. Their Snapdragon digital chassis system across next generation
Speaker 3: stillants vehicles for cockpit connectivity and advanced driver system systems
Speaker 3: in a non binding agree. We talked to the head
Speaker 3: of robotics, a IoT over at Qualcomm. I mean, this
Speaker 3: is a pretty big deal for them, and they kind
Speaker 3: of see this trend in terms of AI in cars
Speaker 3: whether it's in their systems in terms of how it operates,
Speaker 3: or just our ability to kind of almost have our
Speaker 3: phone basically in the car. That that's going to kind
Speaker 3: of broaden out to the auto sector and be an
Speaker 3: important revenue generator or continue to be and grow for them.
Speaker 3: So interesting to see in Qualcomm, definitely an outperformer. Going
Speaker 3: over to the number one performer in the S and
Speaker 3: P five hundred, that is Dell Technologies, we saw a
Speaker 3: tech hardware and server companies like Dell rallying today. Dell
Speaker 3: of course making computers and servers. Extending that recent game
Speaker 3: that has taken this stock to another record. The stock
Speaker 3: up almost seventeen percent. It's up about one hundred and
Speaker 3: thirty five percent year to date, so it has had
Speaker 3: quite a significant bounce back. I want to quickly mention
Speaker 3: the quantum computing companies again continuing to rally day two
Speaker 3: of that rally. Yeah, the news yesterday from the US
Speaker 3: Commerce Department confirming you plan to award grants to nearly
Speaker 3: a dozen companies to foster the development of the domestic
Speaker 3: quantum industry. So you've got go through the names, do
Speaker 3: you waive? Quantum up about fourteen percent you've got Rerighetti
Speaker 3: Computing that went up almost twenty percent. You've got ion
Speaker 3: Q again about eight percent. And you look at the ETF,
Speaker 3: Wisdom Tree, Quantum Computing ETF. Thank you, Tim for giving
Speaker 3: me that name up about five percent.
Speaker 1: I was giving you hold on, I was giving you
Speaker 1: that name so you wouldn't have to do all the
Speaker 1: other ones, Carol. And there was so much, so much.
Speaker 3: Ex wait, go back to the IMAP. There was so
Speaker 3: much there, and I got to mention IMAX. I'm just
Speaker 3: going to go there. I was out a couple of days.
Speaker 3: I feel like I can do this. iMac sharre soaring
Speaker 3: more than fifteen percent. Wall Street Journal reporting that the
Speaker 3: company is exploring as sales approached some entertainment companies as
Speaker 3: potential buyers. It's in early stages, may not result in
Speaker 3: a deal.
Speaker 1: Thanks Carol, I love it it. Sorry, Okay, let's talk
Speaker 1: about some notable.
Speaker 3: Dec You have to not illustrate all of those dramatic increases.
Speaker 1: You're right, you told the story in a much better
Speaker 1: way through this nice job. I want to start with.
Speaker 1: Uber shares fell today by two point four percent, this
Speaker 1: after Bloomberg Reporter that it's exploring options for a full
Speaker 1: takeover of delivery Hero to better compete with door Dash.
Speaker 1: This is specifically outside of the United States. Delivery Hero
Speaker 1: is based in Frankfurt, but ADRs of Delivery Hero were
Speaker 1: up today by more than five percent. Uber has boosted
Speaker 1: at stake in Delivery Hero. It's working with advisors to
Speaker 1: study ways to increase its holding further, and has been
Speaker 1: speaking to other investors about its interest in the deal. Still,
Speaker 1: anti trust approval might be needed before crossing certain ownership thresholds.
Speaker 1: Deliberations are ongrowing ongoing no certainty as of now. Also,
Speaker 1: just a check of retail. BJ's wholesale shares fell earlier
Speaker 1: in the session but recovered a just ever so slightly
Speaker 1: down today, finished the day eight point three percent. This
Speaker 1: after the company commented on a conference call about the
Speaker 1: health of its consumer, saying that the K shaped economy
Speaker 1: the curve is quote obviously a real thing and overall
Speaker 1: BJS has seen a real resilient consumer, but the only
Speaker 1: real growth is coming from the affluent consumers. There is
Speaker 1: quote considerable pressure management said on the lower income consumers
Speaker 1: and the middle income consumers are trading sideways a bit.
Speaker 1: BJ's also said consumer pressure signs at the gas pumps
Speaker 1: as well, so they're seeing modest shifts and behavior, with
Speaker 1: average gallons per fill up slightly lower.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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