1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:18,560 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,560 --> 00:00:22,480 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie. 6 00:00:22,520 --> 00:00:26,400 Speaker 3: When we think about the AI trade, IBM doesn't always 7 00:00:26,920 --> 00:00:30,240 Speaker 3: come as top of mind, but it certainly does this morning. 8 00:00:30,280 --> 00:00:32,120 Speaker 3: Good morning, Good morning, Nathan. 9 00:00:32,159 --> 00:00:35,240 Speaker 1: Yes, IBM shares are trading strong out of the gates 10 00:00:35,240 --> 00:00:38,320 Speaker 1: in the pre market, up five percent after they've announced 11 00:00:38,320 --> 00:00:44,080 Speaker 1: a partnership with Anthropic. Now it will use anthropics Claude 12 00:00:44,280 --> 00:00:48,800 Speaker 1: family of large language models into its software portfolio. The 13 00:00:48,840 --> 00:00:51,760 Speaker 1: company is saying that the deal is aimed at delivering 14 00:00:51,840 --> 00:00:55,800 Speaker 1: new productivity gains for IBM clients and perhaps some upside 15 00:00:55,920 --> 00:00:58,720 Speaker 1: for IBM shareholders. So shares are up five percent so 16 00:00:58,800 --> 00:00:59,440 Speaker 1: far this morning. 17 00:00:59,560 --> 00:01:03,280 Speaker 3: Yeah, we saw some upside for Advanced micro Devices after 18 00:01:03,480 --> 00:01:07,200 Speaker 3: their big AI deal, and it looks like the gains 19 00:01:07,240 --> 00:01:08,199 Speaker 3: continue this morning. 20 00:01:08,360 --> 00:01:11,840 Speaker 1: The gains continue for AMD, up another four percent so 21 00:01:11,959 --> 00:01:15,320 Speaker 1: far in pre market trade after their rip roaring rally 22 00:01:15,360 --> 00:01:18,640 Speaker 1: of yesterday which saw their share soore twenty four percent 23 00:01:19,080 --> 00:01:22,800 Speaker 1: after they announced a partnership with open Ai. Now it 24 00:01:22,880 --> 00:01:25,280 Speaker 1: is getting a more steam this morning. This is on 25 00:01:25,319 --> 00:01:28,440 Speaker 1: the back of an upgrade from Jeffries, who have cited 26 00:01:28,440 --> 00:01:31,200 Speaker 1: a price target that amounts to an extra fifty percent 27 00:01:31,280 --> 00:01:35,040 Speaker 1: upside potential in the stock. The analyst at Jeffries noting 28 00:01:35,160 --> 00:01:38,320 Speaker 1: that the open Ai deal is a strong validation of 29 00:01:38,480 --> 00:01:42,840 Speaker 1: AMD's AI roadmap to compete with the dominant Nvidia in 30 00:01:42,920 --> 00:01:46,319 Speaker 1: the AI processor space, and Jeffries has cited one hundred 31 00:01:46,480 --> 00:01:49,760 Speaker 1: billion in revenue could come AMD's way over the next 32 00:01:49,760 --> 00:01:53,240 Speaker 1: four years out of this open Ai deal announced yesterday. 33 00:01:52,920 --> 00:01:55,600 Speaker 3: And it looks like the deal news continues this morning, Valery, 34 00:01:55,600 --> 00:01:57,520 Speaker 3: there are reports that the owner of the New York 35 00:01:57,560 --> 00:02:01,800 Speaker 3: Stock Exchanges thinking about getting in to the betting markets 36 00:02:01,880 --> 00:02:02,960 Speaker 3: to send this one. 37 00:02:03,000 --> 00:02:04,680 Speaker 1: It's very interesting. This is a report by the Wall 38 00:02:04,720 --> 00:02:08,680 Speaker 1: Street Journal that the NYSE owner is in talks to 39 00:02:08,760 --> 00:02:11,760 Speaker 1: invest two billion dollars in poly Market. So we're seeing 40 00:02:11,800 --> 00:02:15,480 Speaker 1: shares a venture Continental Exchange or ICE up nearly four 41 00:02:15,520 --> 00:02:19,280 Speaker 1: percent in pre market trade. The investment in Polymarket would 42 00:02:19,320 --> 00:02:22,040 Speaker 1: be in an exchange for a stake that would see 43 00:02:22,080 --> 00:02:26,160 Speaker 1: the popular crypto based prediction market valued as much as 44 00:02:26,240 --> 00:02:28,799 Speaker 1: ten billion dollars. The deal could be announced as soon 45 00:02:28,840 --> 00:02:32,519 Speaker 1: as Tuesday, the report says. But polymarket really gained a 46 00:02:32,560 --> 00:02:34,799 Speaker 1: lot of attention by markets and traders. It was a 47 00:02:34,880 --> 00:02:38,840 Speaker 1: useful tool during the presidential election. Currently is privately held 48 00:02:38,840 --> 00:02:42,440 Speaker 1: and counts billionaire Appeel Teals venture capital fund founder's fund 49 00:02:42,680 --> 00:02:43,800 Speaker 1: as one of its investors. 50 00:02:44,120 --> 00:02:47,080 Speaker 3: And we've already got another deal announced for a US 51 00:02:47,200 --> 00:02:51,280 Speaker 3: government stake in another company. This one could open up 52 00:02:51,320 --> 00:02:52,720 Speaker 3: things in Alaska. 53 00:02:53,080 --> 00:02:53,520 Speaker 2: That's right. 54 00:02:53,600 --> 00:02:57,680 Speaker 1: Trilogy Metals is soaring one hundred and eighty five percent 55 00:02:58,120 --> 00:03:00,560 Speaker 1: after it was announced at the US is taking a 56 00:03:00,680 --> 00:03:04,720 Speaker 1: ten percent steak in the Canadian Minerals explore the deal 57 00:03:04,840 --> 00:03:09,200 Speaker 1: is set to unlock mining projects in remote Atlas, Alaska. 58 00:03:09,240 --> 00:03:11,920 Speaker 1: But Nathan, this is really just the latest example of 59 00:03:12,000 --> 00:03:15,560 Speaker 1: the Trump administration taking steaks in a miner to help 60 00:03:15,600 --> 00:03:18,800 Speaker 1: counter China's dominance in rare earth. They did so with 61 00:03:18,960 --> 00:03:22,000 Speaker 1: MP Materials earlier this year, with Lithium America's a few 62 00:03:22,040 --> 00:03:24,600 Speaker 1: weeks ago, and now have their eye on some assets 63 00:03:24,600 --> 00:03:27,480 Speaker 1: in Alaska with this investment in Trilogy Metals. 64 00:03:28,360 --> 00:03:32,360 Speaker 2: This stock movers report from Bloomberg Radio check back with 65 00:03:32,440 --> 00:03:35,040 Speaker 2: us throughout the day. For the latest roundup of companies 66 00:03:35,120 --> 00:03:38,200 Speaker 2: making news on Wall Street, and for the latest market 67 00:03:38,240 --> 00:03:42,720 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 68 00:03:42,800 --> 00:03:46,280 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 69 00:03:46,360 --> 00:03:47,840 Speaker 2: the Bloomberg Business app.