WEBVTT - Apple Dips, Oracle Skyrockets, Synopsys Plunges

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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 3>You want to take a look at some of the

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<v Speaker 3>stocks on the move today.

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<v Speaker 1>So we're joined by Bloomberg News cross asset reporter build

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<v Speaker 1>Donna Hirich.

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<v Speaker 3>So Buildna, let's start with Apple shares.

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<v Speaker 4>So much stuff on the move today. But yeah, I'm

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<v Speaker 4>looking at Apple ticker AAPL. It's laura by about three

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<v Speaker 4>percent today after it debuted its thinnest ever iPhone and

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<v Speaker 4>new proversions with enhanced cameras and more battery life. And

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<v Speaker 4>that was earlier this week, and the company really is

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<v Speaker 4>betting that a flurry of smartphone innovation can hopefully entice

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<v Speaker 4>shoppers this holiday season. But I think what a lot

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<v Speaker 4>of people count on for their iPhones is long battery life,

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<v Speaker 4>right and thin. The thinner version is sort of compromise

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<v Speaker 4>for the upgrade.

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<v Speaker 1>Telling you, I know, I had mine for probably four

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<v Speaker 1>or five years. Now I probat need to I'm for

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<v Speaker 1>an upgrade. Yeah, I'm for so I'll have to check

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<v Speaker 1>it out, but I like to wait a couple months

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<v Speaker 1>to see sort of how things shakeout, and then maybe

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<v Speaker 1>later this year, I'm gonna say what.

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<v Speaker 4>I actually had. I had one with a button up

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<v Speaker 4>until a couple months ago.

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<v Speaker 1>Yeah, I missed those. Those are my favorites, I know,

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<v Speaker 1>but I know hung on to that as long as

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<v Speaker 1>I could as well.

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<v Speaker 3>I know another one, of course, can't leave out Oracle.

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<v Speaker 3>Walk us through the latest big moves.

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<v Speaker 4>Here one of the really big stories today, ticker oh

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<v Speaker 4>r CL surging more than thirty percent on one point today,

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<v Speaker 4>the most since nineteen ninety two. I will say I

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<v Speaker 4>was alive in nineteen ninety two, and the company did

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<v Speaker 4>give a very aggressive outlook for its cloud business, and

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<v Speaker 4>it's an outlook that's cementing the software makers place in

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<v Speaker 4>the race to support demand for AI computing. And then

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<v Speaker 4>thanks to this pop another big story from today is

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<v Speaker 4>that its co founder Larry Ellison is now the world's

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<v Speaker 4>richest person, surpassing Elon Musk's previous number one spot.

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<v Speaker 1>For that raised so much news the opening thing, it's

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<v Speaker 1>a lot surrounding chirpact I.

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<v Speaker 4>Champact, Oracle related news, and it's also driving higher a

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<v Speaker 4>lot of other.

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<v Speaker 2>AI cent.

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<v Speaker 3>Double digits today as well. That's a good point. Another

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<v Speaker 3>big day for Klarna, had a big day.

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<v Speaker 4>They debuted, yes ticker k l a R. I always

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<v Speaker 4>love a good ticker, jumping some fifteen percent today and

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<v Speaker 4>it's opening trade with the company and some of its

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<v Speaker 4>backers raising one point three to seven billion in their IPO,

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<v Speaker 4>and it's sort of signaling to the market that new

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<v Speaker 4>listings potentially have room to run. That's been sort of

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<v Speaker 4>a story for a couple of years now, you know,

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<v Speaker 4>in the post pandemic world, like our ipo is doing well,

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<v Speaker 4>and now we are seeing all of these crypto companies

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<v Speaker 4>making to go public. And today you have Klarna doing

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<v Speaker 4>quite well with its opening. The shares open at fifty

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<v Speaker 4>two each, fifty two dollars each above the IPO price

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<v Speaker 4>of forty piece.

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<v Speaker 3>And you cover crypto as part of cross asset pretty

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<v Speaker 3>closely as well. What do you what's the latest whenever

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<v Speaker 3>you're speaking with your sources as far as how they're

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<v Speaker 3>managing money and what kind of allocations they have to

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<v Speaker 3>the crypto space, to.

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<v Speaker 4>The crypto space ETFs, it always comes back to ETFs,

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<v Speaker 4>right because and even the prior guests I heard it

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<v Speaker 4>mentioned bitcoin ETFs and that having been a really pivotal

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<v Speaker 4>moment in the crypto ecosystem over the past couple of years,

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<v Speaker 4>and so much money has flown towards those products. So

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<v Speaker 4>these days, when you are seeing people allocate money towards crypto,

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<v Speaker 4>a lot of times it is via bigcoin ETFs in particular.

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<v Speaker 4>But when it comes to the crypto company's going public,

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<v Speaker 4>that is really an interesting story because when they started

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<v Speaker 4>we when we started reporting about, you know, number of

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<v Speaker 4>these firms making plans to go public this year, it

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<v Speaker 4>still had been up in the air, like what will

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<v Speaker 4>the market look like, will the market allow it? And

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<v Speaker 4>now we're really starting to see a lot of it

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<v Speaker 4>come to fruition.

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<v Speaker 2>The Stockmover's Report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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