WEBVTT - Alphabet and Apple Jumps After Google Antitrust Ruling, Nvidia Falls

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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 1>I'm Jim Statveek along with Carol Mass, so let's take

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<v Speaker 1>a look at some stocks on the move today. We're

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<v Speaker 1>joined by Bloomberg News equities reporter Carmen Ryanicky Carmen lots

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<v Speaker 1>to choose from in the after hours.

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<v Speaker 3>Yeah, we have.

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<v Speaker 4>A kind of exciting after hour session happening right now.

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<v Speaker 4>So I'm watching shares of Alphabet, so that's ticker Googl

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<v Speaker 4>and Apple AAPL. So Google Alphabet is up almost eight

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<v Speaker 4>percent right now. This is a huge jump. If this

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<v Speaker 4>keeps up, it'll be well above a record high tomorrow

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<v Speaker 4>when the market opens. And Apple is also up about

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<v Speaker 4>three point seven percent. And basically the reason that both

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<v Speaker 4>of these talks are up right now is that a

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<v Speaker 4>judge ruled that Alphabet's Google doesn't have to sell the

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<v Speaker 4>Chrome web browser. So that, I mean makes sense that

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<v Speaker 4>that's good for Alphabet. Antitrust is something that's really been hanging.

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<v Speaker 5>Over the style. It's a big deal.

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<v Speaker 4>The Apple move is interesting too, because we were initially

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<v Speaker 4>like well, why is Apple doing so well? And basically so,

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<v Speaker 4>these contracts are not exclusive and the payments can still

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<v Speaker 4>go from Alphabet to Google or sorry to Apple. So

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<v Speaker 4>basically it seems like the market is saying that the

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<v Speaker 4>Apple Alphabet relationship is going to keep going. This is

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<v Speaker 4>lots of money. It's something that had also been hanging

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<v Speaker 4>over Apple, right.

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<v Speaker 3>So in another way, and the judge did not barrow

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<v Speaker 3>the company for making payments to third parties for default

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<v Speaker 3>browser placement, and for Apple, that's been some big money,

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<v Speaker 3>huge billions of dollars.

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<v Speaker 5>Yeah, you know.

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<v Speaker 1>What's kind of cool. The start of Perplexity made this

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<v Speaker 1>thirty four and a half billion dollar awful offer for

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<v Speaker 1>Chrome back on August twelfth, so about three weeks ago. Tomorrow,

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<v Speaker 1>it'll be interesting to see in terms of marketcap how

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<v Speaker 1>much is added to Alphabet and maybe that's that's one

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<v Speaker 1>sort of proxy for Okay, this is how investors are

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<v Speaker 1>valuing it is a recompany.

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<v Speaker 5>Smart takeaway.

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<v Speaker 1>You know, wow, I've been doing this for fifteen years.

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<v Speaker 1>Sometimes every few years. Every few years there's a hidden

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<v Speaker 1>jab tarrow.

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<v Speaker 5>Great takeaway. I'm really impressed with that.

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<v Speaker 4>To deal with current I mean billions of dollars. Even

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<v Speaker 4>just a one percent move for Google stock is no

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<v Speaker 4>sixteen seventeen billion dollars, So this is going to be

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<v Speaker 4>more than eight percent that it's up right now in

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<v Speaker 4>the wider hour.

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<v Speaker 1>So flexity, that was like a low ball offer. Maybe

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<v Speaker 1>maybe okay.

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<v Speaker 5>Huh because what wait? What did you say? How many

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<v Speaker 5>sixteen seventeen?

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<v Speaker 4>So I just pulled up. So Friday's move on Google

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<v Speaker 4>was less than one percent, and that was a fifteen

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<v Speaker 4>billion dollar change in the period.

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<v Speaker 5>You're looking at, you know, eight and a half percent higher. Wow? Okay,

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<v Speaker 5>and video just before we go.

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<v Speaker 4>Yeah, so the you know, the big stock that we're

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<v Speaker 4>always watching, shares of Nvidia fell today and they ended

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<v Speaker 4>just below their fifty day moving average technical level one

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<v Speaker 4>that a lot of people watch. I think this really

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<v Speaker 4>signals that there could you know, continue to be down

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<v Speaker 4>side momentum here for this stock. This is the fourth

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<v Speaker 4>street negative session for Nvidia. I mean obviously last week

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<v Speaker 4>it had earnings that didn't quite you know, make it

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<v Speaker 4>over the lofty bar that analysts and investors were overall expecting.

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<v Speaker 4>And then we've really just seen a sell off ever since,

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<v Speaker 4>which is weight on the entire market. So watching Nvidia tomorrow,

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<v Speaker 4>will see if it bounces, if we get some by

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<v Speaker 4>the dip, or if this continues to sell off.

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<v Speaker 3>Still up twenty seven percent here today, just saying also

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<v Speaker 3>like eighty percent from that April low.

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<v Speaker 1>I will point out too, it was you know, the

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<v Speaker 1>market was closed yesterday, but it was down.

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<v Speaker 3>Yeah.

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<v Speaker 1>Wednesday it fell ever so slightly. Thursday, it's down one

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<v Speaker 1>point four percent. Friday, excuse me, eight tens of one percent.

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<v Speaker 1>Friday it fell three point three percent.

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<v Speaker 3>Then today, if you look at something like RSI or

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<v Speaker 3>like Relative Strength Index, it's moving towards being over sold.

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<v Speaker 5>So we'll see whether or not you do have some

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<v Speaker 5>other buyers coming in.

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

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