Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some stocks on the move today.
Speaker 2: I'm Tim Keen with Paul Sweeney and Bloomberg's Lisa Motel.
Speaker 2: You got it, okay.
Speaker 3: I want to start with Invidia NVDA, if their shares
Speaker 3: have been.
Speaker 2: Down more than one and a half percent. And this
Speaker 2: is what's happening.
Speaker 3: A filing is showing that Peter Teel's hedge Funteal macro
Speaker 3: it sold off its holdings in Nvidia during the third quarter.
Speaker 2: And how much are we talking. We'll get to the numbers.
Speaker 3: Offloaded its entire position five hundred thirty seven seven hundred
Speaker 3: and forty two shares. It would have been worth about
Speaker 3: one hundred million based on the closing price from September thirtieth.
Speaker 3: Its main bets are now Apple, Microsoft and a reduced
Speaker 3: steak in Tesla. But it's really the timing of all
Speaker 3: this right, rising concerns about the AI bubble investment bubbles
Speaker 3: off Bank also announced that it's sold off as shares of Nvidia,
Speaker 3: So that has people concerned, and the shares are lower
Speaker 3: this morning. Aside from that, we have Alphabet taker Gogl.
Speaker 2: I know, I know, here we go.
Speaker 3: So their shares of en up as much as five
Speaker 3: percent before the bell. They're actually the biggest gainer of
Speaker 3: the mag seven tech stocks this morning. The reason why
Speaker 3: you talked about it, Warren Buffett's Berkshire Hathway took a
Speaker 3: stake in the company last quarter. A filing shows that
Speaker 3: acquired seventeen point nine million shares. A side note, Berkshire
Speaker 3: also further trim this holdings in Bank of America and Apple.
Speaker 3: But to get back to Alphabet, other news giving kind
Speaker 3: of the shares of boost, Google announced plans to invest
Speaker 3: forty billion dollars in three new Texas data centers, boosting
Speaker 3: AI computing power. I was talking a lot of AI
Speaker 3: this morning and usually every morning. And finally news multimedia
Speaker 3: company e W Scripts Okay, it's ticker SSP up as
Speaker 3: much as twenty three percent, So Sinclair took an eight
Speaker 3: point two percent taking the company was part of this
Speaker 3: potential merger strategy. They're apparently been talking about it for months.
Speaker 3: They estimate the strategy will result in more than three
Speaker 3: hundred million annual synergies.
Speaker 2: But they say we're going to protect the company. It's
Speaker 2: one big industry rolled up, is what we're talking about.
Speaker 4: Right, Yeah, this is TV station business there and Sinclair's
Speaker 4: one of the largest along with next Star. And Sinclair
Speaker 4: has been a big supporter of President Trump and they're
Speaker 4: expecting that that support will translate into some favorable treatment
Speaker 4: of some more consolidation in the TV business.
Speaker 2: I don't know, it's just ongoing. I was absolutely dazzled
Speaker 2: this weekend.
Speaker 3: It's all streaming thing.
Speaker 4: Yeah at home.
Speaker 2: I mean it's just the choices.
Speaker 4: Yeah, absolutely have. But you've got to be smart to
Speaker 4: figure out where things are. I mean they're all.
Speaker 3: Over the place, frustrated when it comes to sports, especially
Speaker 3: where okay quick one yeah, oh sealed air see oh
Speaker 3: yeah down as much as three percent? So c D
Speaker 3: And are they agreed to buy? It's the bubble Wrap,
Speaker 3: Clayton Air, Thank you, Clayton Double and Rice. It's a
Speaker 3: deal valuing the packaging company six point two billion.
Speaker 2: Bubble Wrap.
Speaker 3: In case you didn't know how it started, Okay, the
Speaker 3: engineers actually did this new wall covering. It was like
Speaker 3: laminated two plastic sheets with bubbles. It failed people didn't
Speaker 3: like it, so they said, hey, we can use this
Speaker 3: for something else, for packaging.
Speaker 2: So yeah, all the bubble reps. So we sit there
Speaker 2: and pop the bubbles off at rist this morning. It's
Speaker 2: so soothing. I have to tell you I have a
Speaker 2: blaws it with bubble rep that you're going to use someday,
Speaker 2: just in case when I'm stressed out. You grab it
Speaker 2: and you just pop away.
Speaker 1: The stock Mover's report from Bloomberg Radio. Check back with
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