WEBVTT - Hewlett Packard Enterprise Rises, Intel Drops, Barrick Mining Falls Most Since March as Newmont Deal Value Disappoints

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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, take.

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<v Speaker 1>A look at some of the stocks on the move today.

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<v Speaker 1>We can do that with Bloomberg's Billy Billy What are

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<v Speaker 1>you looking at? Let's start with Hewlett Packard Enterprise ticker

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<v Speaker 1>HPE right now up about five percent this income after

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<v Speaker 1>Morgan Stanley analyst upgraded shares to overweight from inkle weight.

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<v Speaker 1>The big driver for this that stood out to meet

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<v Speaker 1>at least increasingly clear, according to the analyst, that enterprises

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<v Speaker 1>are reviewing memory chipflation as a structural headwind, and rather

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<v Speaker 1>than delagard deferring some of those purchases until pricing cools,

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<v Speaker 1>they're actually pouncing on the ability to get their hands

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<v Speaker 1>on it. So again HPE upgraded. Morgan Stanley also upgraded

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<v Speaker 1>shares of ever Pure. But the big thing, again going

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<v Speaker 1>back to what we've been hearing from these companies, is

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<v Speaker 1>people are showing up and buying. If you want compute,

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<v Speaker 1>if you want chips, if you want pretty much anything

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<v Speaker 1>under the sun. To build out AI infrastructure, you need

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<v Speaker 1>to pay top dollar and Hpe right now up five percent,

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<v Speaker 1>trending back towards those June highs. Stocks up one hundred

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<v Speaker 1>and seventy one percent in the last twelve stock went up, Yeah,

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<v Speaker 1>Google's doing it. What else are you looking at? This morning?

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<v Speaker 1>Intel ticker i NTC down about four percent. This does

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<v Speaker 1>come after news that the company is going to sell

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<v Speaker 1>fifteen billion dollars in common stock to help finally some

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<v Speaker 1>of those ambitions. Paul, I mean, listen, I'm just a

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<v Speaker 1>lowly journalist. But if I were a banker, yeah, and

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<v Speaker 1>I was on the phone with Intel, I'd say, you're

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<v Speaker 1>up what three x in the last eight months? Why

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<v Speaker 1>are we not to happen the equity market? I had

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<v Speaker 1>a boss who had us make those calls all the

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<v Speaker 1>time of a stock move, like x percent, x number

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<v Speaker 1>of days. Just get on the phone. Which it's also

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<v Speaker 1>interesting because again, this is almost a half trillion dollar company,

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<v Speaker 1>so fifteen billion dollar follow on if you kind of

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<v Speaker 1>strip out some of the cryptoe deals and you're really

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<v Speaker 1>looking at alongside the Google deal earlier this year, Boeing's

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<v Speaker 1>massive funding package from a couple of years back, T

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<v Speaker 1>Mobile and some like Charles Schwappiel so fifteen billion dollars

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<v Speaker 1>in sock that we expect to price later this evening.

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<v Speaker 1>Another example of some of these AI companies leaning away

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<v Speaker 1>from debt to try to raise some funds.

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<v Speaker 2>HI one more.

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<v Speaker 1>Barrick Mining Tick or B down eight and a half percent,

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<v Speaker 1>biggest drop since earlier this year. Back in March, earnings

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<v Speaker 1>were fine, but this does come. We've been kind of

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<v Speaker 1>hotly anticipating it on the ECM desk. Partnership of JV

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<v Speaker 1>with them in Neumont Corp. To spin out and carve

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<v Speaker 1>out some of their North American assets. This deal reflects

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<v Speaker 1>the Barrack state at one point nine to five billion dollars.

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<v Speaker 1>The street was looking for closer to three point eighty five,

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<v Speaker 1>so a big delta there about two x. So Barrick

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<v Speaker 1>shares down eight and a half percent.

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<v Speaker 2>Today the Stock Movers Report from Bloomberg Radio. Check back

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<v Speaker 2>companies making news on Wall Street and for the latest

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