Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie.
Speaker 3: When we think about the AI trade, IBM doesn't always
Speaker 3: come as top of mind, but it certainly does this morning.
Speaker 3: Good morning, Good morning, Nathan.
Speaker 1: Yes, IBM shares are trading strong out of the gates
Speaker 1: in the pre market, up five percent after they've announced
Speaker 1: a partnership with Anthropic. Now it will use anthropics Claude
Speaker 1: family of large language models into its software portfolio. The
Speaker 1: company is saying that the deal is aimed at delivering
Speaker 1: new productivity gains for IBM clients and perhaps some upside
Speaker 1: for IBM shareholders. So shares are up five percent so
Speaker 1: far this morning.
Speaker 3: Yeah, we saw some upside for Advanced micro Devices after
Speaker 3: their big AI deal, and it looks like the gains
Speaker 3: continue this morning.
Speaker 1: The gains continue for AMD, up another four percent so
Speaker 1: far in pre market trade after their rip roaring rally
Speaker 1: of yesterday which saw their share soore twenty four percent
Speaker 1: after they announced a partnership with open Ai. Now it
Speaker 1: is getting a more steam this morning. This is on
Speaker 1: the back of an upgrade from Jeffries, who have cited
Speaker 1: a price target that amounts to an extra fifty percent
Speaker 1: upside potential in the stock. The analyst at Jeffries noting
Speaker 1: that the open Ai deal is a strong validation of
Speaker 1: AMD's AI roadmap to compete with the dominant Nvidia in
Speaker 1: the AI processor space, and Jeffries has cited one hundred
Speaker 1: billion in revenue could come AMD's way over the next
Speaker 1: four years out of this open Ai deal announced yesterday.
Speaker 3: And it looks like the deal news continues this morning, Valery,
Speaker 3: there are reports that the owner of the New York
Speaker 3: Stock Exchanges thinking about getting in to the betting markets
Speaker 3: to send this one.
Speaker 1: It's very interesting. This is a report by the Wall
Speaker 1: Street Journal that the NYSE owner is in talks to
Speaker 1: invest two billion dollars in poly Market. So we're seeing
Speaker 1: shares a venture Continental Exchange or ICE up nearly four
Speaker 1: percent in pre market trade. The investment in Polymarket would
Speaker 1: be in an exchange for a stake that would see
Speaker 1: the popular crypto based prediction market valued as much as
Speaker 1: ten billion dollars. The deal could be announced as soon
Speaker 1: as Tuesday, the report says. But polymarket really gained a
Speaker 1: lot of attention by markets and traders. It was a
Speaker 1: useful tool during the presidential election. Currently is privately held
Speaker 1: and counts billionaire Appeel Teals venture capital fund founder's fund
Speaker 1: as one of its investors.
Speaker 3: And we've already got another deal announced for a US
Speaker 3: government stake in another company. This one could open up
Speaker 3: things in Alaska.
Speaker 2: That's right.
Speaker 1: Trilogy Metals is soaring one hundred and eighty five percent
Speaker 1: after it was announced at the US is taking a
Speaker 1: ten percent steak in the Canadian Minerals explore the deal
Speaker 1: is set to unlock mining projects in remote Atlas, Alaska.
Speaker 1: But Nathan, this is really just the latest example of
Speaker 1: the Trump administration taking steaks in a miner to help
Speaker 1: counter China's dominance in rare earth. They did so with
Speaker 1: MP Materials earlier this year, with Lithium America's a few
Speaker 1: weeks ago, and now have their eye on some assets
Speaker 1: in Alaska with this investment in Trilogy Metals.
Speaker 2: This stock movers 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
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