WEBVTT - Marvell Surges, Victoria's Secret Climbs, Deere Rises on Tariff Cuts

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers report, your roundup of companies making moves in

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<v Speaker 2>the stock market harnessing the power of Bloomberg Data.

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<v Speaker 1>Just take a look at some of the stock movers today.

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<v Speaker 2>I'm polst Wing alongside Starlet Fluh.

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<v Speaker 1>Were joined by Bloomberg's Matthew Griffin. Matthew, what are you

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<v Speaker 1>looking at today? Well, Paul, you speaking of AI infrastructure.

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<v Speaker 1>One name that's been on my screen all morning is

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<v Speaker 1>Marvel Technology. The chip maker. Shares are up about twenty

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<v Speaker 1>five percent after in Vidia's Jensen Wong said that they

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<v Speaker 1>will be the next business to hit a one trillion

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<v Speaker 1>dollar market valuation. Marvel, that's ticker MRVL. They don't make

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<v Speaker 1>these AI processors that in Nvidia does, but they make

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<v Speaker 1>other types of chips and networking equipment that are used

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<v Speaker 1>in data centers. And of course, all of this spending

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<v Speaker 1>going into data centers is just pouring across the supply

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<v Speaker 1>chain into companies that make you know, every product, big

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<v Speaker 1>or small that's used there. We're seeing another example of

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<v Speaker 1>long sort of golden touch. Here. You had software stocks

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<v Speaker 1>rallying yesterday after he defended them against some of these

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<v Speaker 1>AI concerns, and this may be one that's a bit

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<v Speaker 1>close to home in Nvidia actually took a two billion

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<v Speaker 1>dollar stake in Marvel three months ago as part of

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<v Speaker 1>a partnership. And there we go back to the whole

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<v Speaker 1>circular financing thing and the insidious relationship between all these

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<v Speaker 1>different players. All right, what's next, well, Scarlett. Another one

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<v Speaker 1>that is seeing a big rally today is Victoria's Secret.

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<v Speaker 1>They have a new ticker VSXY. They're up forty eight

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<v Speaker 1>percent this morning after they beat Earning's expectations and boosted

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<v Speaker 1>an outlook. They now see annual net sales as much

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<v Speaker 1>as seven point one three billion. They saw a little

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<v Speaker 1>under seven billion before. There could be a bit of

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<v Speaker 1>a short squeeze going on here. Data from S three

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<v Speaker 1>Partners shows that at almost twenty percent of their tradable

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<v Speaker 1>shares are held short. That being said, this is also

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<v Speaker 1>so probably some fundamental optimism. There's this turnaround effort going

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<v Speaker 1>on under CEO Hillary Souper, and investors showing today that

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<v Speaker 1>this is a step in the right direction.

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<v Speaker 2>All Right, here's the hard segue of the day from

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<v Speaker 2>Three Secrets for Deer.

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<v Speaker 1>It's going on, John Dear, Yes and deer not seeing

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<v Speaker 1>the kind of explosive rally that these other names are.

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<v Speaker 1>But you know, up about three percent respectable. That's ticker Dee.

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<v Speaker 1>That's after the Trump administration said it was going to

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<v Speaker 1>cut tariffs on farm equipment starting June eighth. It's these

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<v Speaker 1>metal sector tariffs that's actually the ones that are applied

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<v Speaker 1>to things like tractors, combines, harvesters. They're cutting them to

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<v Speaker 1>fifteen percent from twenty five percent. This is something that

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<v Speaker 1>has emerged as a problem for the administration in an

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<v Speaker 1>election year, midterm year. Farmers are struggling. They don't want

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<v Speaker 1>this equipment to be any more expensive than necessary, and

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<v Speaker 1>tariffs have been a pain point here. They also cut

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<v Speaker 1>levies on residential HVAC systems construction equipment, so you've got

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<v Speaker 1>names like Carrier and Caterpillar.

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<v Speaker 2>Also the Stockmovers Report from Bloomberg Radio. Check back with

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

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<v Speaker 2>making news on Wall Street and for the latest market

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