WEBVTT - IBM Integration; AMD Upgrade; Trilogy US Stake

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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 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie.

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<v Speaker 3>When we think about the AI trade, IBM doesn't always

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<v Speaker 3>come as top of mind, but it certainly does this morning.

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<v Speaker 3>Good morning, Good morning, Nathan.

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<v Speaker 1>Yes, IBM shares are trading strong out of the gates

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<v Speaker 1>in the pre market, up five percent after they've announced

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<v Speaker 1>a partnership with Anthropic. Now it will use anthropics Claude

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<v Speaker 1>family of large language models into its software portfolio. The

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<v Speaker 1>company is saying that the deal is aimed at delivering

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<v Speaker 1>new productivity gains for IBM clients and perhaps some upside

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<v Speaker 1>for IBM shareholders. So shares are up five percent so

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<v Speaker 1>far this morning.

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<v Speaker 3>Yeah, we saw some upside for Advanced micro Devices after

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<v Speaker 3>their big AI deal, and it looks like the gains

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<v Speaker 3>continue this morning.

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<v Speaker 1>The gains continue for AMD, up another four percent so

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<v Speaker 1>far in pre market trade after their rip roaring rally

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<v Speaker 1>of yesterday which saw their share soore twenty four percent

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<v Speaker 1>after they announced a partnership with open Ai. Now it

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<v Speaker 1>is getting a more steam this morning. This is on

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<v Speaker 1>the back of an upgrade from Jeffries, who have cited

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<v Speaker 1>a price target that amounts to an extra fifty percent

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<v Speaker 1>upside potential in the stock. The analyst at Jeffries noting

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<v Speaker 1>that the open Ai deal is a strong validation of

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<v Speaker 1>AMD's AI roadmap to compete with the dominant Nvidia in

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<v Speaker 1>the AI processor space, and Jeffries has cited one hundred

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<v Speaker 1>billion in revenue could come AMD's way over the next

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<v Speaker 1>four years out of this open Ai deal announced yesterday.

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<v Speaker 3>And it looks like the deal news continues this morning, Valery,

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<v Speaker 3>there are reports that the owner of the New York

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<v Speaker 3>Stock Exchanges thinking about getting in to the betting markets

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<v Speaker 3>to send this one.

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<v Speaker 1>It's very interesting. This is a report by the Wall

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<v Speaker 1>Street Journal that the NYSE owner is in talks to

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<v Speaker 1>invest two billion dollars in poly Market. So we're seeing

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<v Speaker 1>shares a venture Continental Exchange or ICE up nearly four

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<v Speaker 1>percent in pre market trade. The investment in Polymarket would

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<v Speaker 1>be in an exchange for a stake that would see

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<v Speaker 1>the popular crypto based prediction market valued as much as

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<v Speaker 1>ten billion dollars. The deal could be announced as soon

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<v Speaker 1>as Tuesday, the report says. But polymarket really gained a

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<v Speaker 1>lot of attention by markets and traders. It was a

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<v Speaker 1>useful tool during the presidential election. Currently is privately held

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<v Speaker 1>and counts billionaire Appeel Teals venture capital fund founder's fund

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<v Speaker 1>as one of its investors.

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<v Speaker 3>And we've already got another deal announced for a US

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<v Speaker 3>government stake in another company. This one could open up

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<v Speaker 3>things in Alaska.

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<v Speaker 2>That's right.

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<v Speaker 1>Trilogy Metals is soaring one hundred and eighty five percent

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<v Speaker 1>after it was announced at the US is taking a

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<v Speaker 1>ten percent steak in the Canadian Minerals explore the deal

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<v Speaker 1>is set to unlock mining projects in remote Atlas, Alaska.

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<v Speaker 1>But Nathan, this is really just the latest example of

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<v Speaker 1>the Trump administration taking steaks in a miner to help

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<v Speaker 1>counter China's dominance in rare earth. They did so with

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<v Speaker 1>MP Materials earlier this year, with Lithium America's a few

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<v Speaker 1>weeks ago, and now have their eye on some assets

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<v Speaker 1>in Alaska with this investment in Trilogy Metals.

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<v Speaker 2>This stock movers 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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