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, take.
Speaker 1: A look at some of the stocks on the move today.
Speaker 1: We can do that with Bloomberg's Billy Billy What are
Speaker 1: you looking at? Let's start with Hewlett Packard Enterprise ticker
Speaker 1: HPE right now up about five percent this income after
Speaker 1: Morgan Stanley analyst upgraded shares to overweight from inkle weight.
Speaker 1: The big driver for this that stood out to meet
Speaker 1: at least increasingly clear, according to the analyst, that enterprises
Speaker 1: are reviewing memory chipflation as a structural headwind, and rather
Speaker 1: than delagard deferring some of those purchases until pricing cools,
Speaker 1: they're actually pouncing on the ability to get their hands
Speaker 1: on it. So again HPE upgraded. Morgan Stanley also upgraded
Speaker 1: shares of ever Pure. But the big thing, again going
Speaker 1: back to what we've been hearing from these companies, is
Speaker 1: people are showing up and buying. If you want compute,
Speaker 1: if you want chips, if you want pretty much anything
Speaker 1: under the sun. To build out AI infrastructure, you need
Speaker 1: to pay top dollar and Hpe right now up five percent,
Speaker 1: trending back towards those June highs. Stocks up one hundred
Speaker 1: and seventy one percent in the last twelve stock went up, Yeah,
Speaker 1: Google's doing it. What else are you looking at? This morning?
Speaker 1: Intel ticker i NTC down about four percent. This does
Speaker 1: come after news that the company is going to sell
Speaker 1: fifteen billion dollars in common stock to help finally some
Speaker 1: of those ambitions. Paul, I mean, listen, I'm just a
Speaker 1: lowly journalist. But if I were a banker, yeah, and
Speaker 1: I was on the phone with Intel, I'd say, you're
Speaker 1: up what three x in the last eight months? Why
Speaker 1: are we not to happen the equity market? I had
Speaker 1: a boss who had us make those calls all the
Speaker 1: time of a stock move, like x percent, x number
Speaker 1: of days. Just get on the phone. Which it's also
Speaker 1: interesting because again, this is almost a half trillion dollar company,
Speaker 1: so fifteen billion dollar follow on if you kind of
Speaker 1: strip out some of the cryptoe deals and you're really
Speaker 1: looking at alongside the Google deal earlier this year, Boeing's
Speaker 1: massive funding package from a couple of years back, T
Speaker 1: Mobile and some like Charles Schwappiel so fifteen billion dollars
Speaker 1: in sock that we expect to price later this evening.
Speaker 1: Another example of some of these AI companies leaning away
Speaker 1: from debt to try to raise some funds.
Speaker 2: HI one more.
Speaker 1: Barrick Mining Tick or B down eight and a half percent,
Speaker 1: biggest drop since earlier this year. Back in March, earnings
Speaker 1: were fine, but this does come. We've been kind of
Speaker 1: hotly anticipating it on the ECM desk. Partnership of JV
Speaker 1: with them in Neumont Corp. To spin out and carve
Speaker 1: out some of their North American assets. This deal reflects
Speaker 1: the Barrack state at one point nine to five billion dollars.
Speaker 1: The street was looking for closer to three point eighty five,
Speaker 1: so a big delta there about two x. So Barrick
Speaker 1: shares down eight and a half percent.
Speaker 2: Today the Stock Movers Report from Bloomberg Radio. Check back
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Speaker 2: companies making news on Wall Street and for the latest
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