Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers report, your roundup of companies making moves in
Speaker 2: the stock market harnessing the power of Bloomberg Data.
Speaker 1: Just take a look at some of the stock movers today.
Speaker 2: I'm polst Wing alongside Starlet Fluh.
Speaker 1: Were joined by Bloomberg's Matthew Griffin. Matthew, what are you
Speaker 1: looking at today? Well, Paul, you speaking of AI infrastructure.
Speaker 1: One name that's been on my screen all morning is
Speaker 1: Marvel Technology. The chip maker. Shares are up about twenty
Speaker 1: five percent after in Vidia's Jensen Wong said that they
Speaker 1: will be the next business to hit a one trillion
Speaker 1: dollar market valuation. Marvel, that's ticker MRVL. They don't make
Speaker 1: these AI processors that in Nvidia does, but they make
Speaker 1: other types of chips and networking equipment that are used
Speaker 1: in data centers. And of course, all of this spending
Speaker 1: going into data centers is just pouring across the supply
Speaker 1: chain into companies that make you know, every product, big
Speaker 1: or small that's used there. We're seeing another example of
Speaker 1: long sort of golden touch. Here. You had software stocks
Speaker 1: rallying yesterday after he defended them against some of these
Speaker 1: AI concerns, and this may be one that's a bit
Speaker 1: close to home in Nvidia actually took a two billion
Speaker 1: dollar stake in Marvel three months ago as part of
Speaker 1: a partnership. And there we go back to the whole
Speaker 1: circular financing thing and the insidious relationship between all these
Speaker 1: different players. All right, what's next, well, Scarlett. Another one
Speaker 1: that is seeing a big rally today is Victoria's Secret.
Speaker 1: They have a new ticker VSXY. They're up forty eight
Speaker 1: percent this morning after they beat Earning's expectations and boosted
Speaker 1: an outlook. They now see annual net sales as much
Speaker 1: as seven point one three billion. They saw a little
Speaker 1: under seven billion before. There could be a bit of
Speaker 1: a short squeeze going on here. Data from S three
Speaker 1: Partners shows that at almost twenty percent of their tradable
Speaker 1: shares are held short. That being said, this is also
Speaker 1: so probably some fundamental optimism. There's this turnaround effort going
Speaker 1: on under CEO Hillary Souper, and investors showing today that
Speaker 1: this is a step in the right direction.
Speaker 2: All Right, here's the hard segue of the day from
Speaker 2: Three Secrets for Deer.
Speaker 1: It's going on, John Dear, Yes and deer not seeing
Speaker 1: the kind of explosive rally that these other names are.
Speaker 1: But you know, up about three percent respectable. That's ticker Dee.
Speaker 1: That's after the Trump administration said it was going to
Speaker 1: cut tariffs on farm equipment starting June eighth. It's these
Speaker 1: metal sector tariffs that's actually the ones that are applied
Speaker 1: to things like tractors, combines, harvesters. They're cutting them to
Speaker 1: fifteen percent from twenty five percent. This is something that
Speaker 1: has emerged as a problem for the administration in an
Speaker 1: election year, midterm year. Farmers are struggling. They don't want
Speaker 1: this equipment to be any more expensive than necessary, and
Speaker 1: tariffs have been a pain point here. They also cut
Speaker 1: levies on residential HVAC systems construction equipment, so you've got
Speaker 1: names like Carrier and Caterpillar.
Speaker 2: Also the Stockmovers 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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