WEBVTT -  Boeing Jumps, American Bitcoin Plunges, Marvell Technology to Acquire Celestial AI

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Mover's 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>I'm Carol Master along with Tim Stenvik. Let's get to

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<v Speaker 3>Bloomberg News Equities reporter and deputy team leader for US

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<v Speaker 3>Equities Carmen Reinigy, with a look at some stocks on

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<v Speaker 3>the move on this Tuesday. Let's start with Boeing.

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<v Speaker 4>This was some map performance.

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<v Speaker 3>Here in the S and P five hundred.

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<v Speaker 4>Yeah, it was the I think top gainer today on

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<v Speaker 4>the SMP. So it's Boeing ticker. BA shares are up

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<v Speaker 4>ten percent today, it's best day since April ninth. The

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<v Speaker 4>company's CFO said that it expects to generate cash again

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<v Speaker 4>in twenty twenty six, which is a reversal from what's

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<v Speaker 4>expected this year, which is a cash burn of about

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<v Speaker 4>two billion dollars. So this just shows that sort of

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<v Speaker 4>its longer turn turnaround is sort of gaining traction, doing

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<v Speaker 4>a little bit better. This was also one of the

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<v Speaker 4>first times I think this new CFO has been able

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<v Speaker 4>to speak. He spoke today at an investor conference.

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<v Speaker 3>Yeah. Pretty significant, right, because they have had. They've been

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<v Speaker 3>burning through cash in a significant way. So to see

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<v Speaker 3>this turnaround is pretty significant.

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<v Speaker 1>Okay, now can we talk a little American bitcoin.

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<v Speaker 3>You can do whatever you want, Tim Stanmer, this.

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<v Speaker 1>Was a wild opening to the day. This company saw

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<v Speaker 1>its trading halted.

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<v Speaker 4>Yeah, it was crazy. So this is ticker ABTC shares

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<v Speaker 4>plunged thirty nine percent, a lot of volatility, you know,

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<v Speaker 4>halted all of that. So what happened is basically they

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<v Speaker 4>freed up restriction restricted shares to be traded. So this

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<v Speaker 4>is actually really common when we see stocks have a

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<v Speaker 4>lock up period end all of a sudden, there's more liquidity.

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<v Speaker 4>Some early into they.

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<v Speaker 3>Drop almost forty percent.

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<v Speaker 4>Well forty percent is a lot, but you know, early

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<v Speaker 4>investors want to maybe take some of their profits. Just yeah,

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<v Speaker 4>more liquidity hits the market, so that just more trading

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<v Speaker 4>can happen. But this stock, it's been very eaten down.

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<v Speaker 4>It's actually up about nine percent on the year, but

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<v Speaker 4>if you zoom out, it's fallen considerably over the last

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<v Speaker 4>few years.

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<v Speaker 1>And it just and it had that spack merger right

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<v Speaker 1>it was I don't remember if it was a Spack

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<v Speaker 1>or I don't quote me on this, well.

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<v Speaker 4>It merged with Griffin Digital Mind.

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<v Speaker 1>Yeah, and it did that back in September, so you know,

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<v Speaker 1>it was the stock was was sort of level until then.

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<v Speaker 1>And that's really where you know American bitcoin when American

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<v Speaker 1>Bitcoin was created.

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<v Speaker 3>I mean, it is down seventy six percent since early September.

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<v Speaker 1>All right, so we'll keep it eye on that one

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<v Speaker 1>tomorrow and later in the week. Marvel Technology moving in

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<v Speaker 1>the after hours.

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<v Speaker 4>So let's look at Marvel ticker mrvl so. Shares are

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<v Speaker 4>down about four four point two percent right now. So

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<v Speaker 4>the company announced earnings that seemed pretty okay, actually looks

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<v Speaker 4>like mostly in line with estimates. But what investors are

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<v Speaker 4>reacting to is that it announced plans to acquire Celestial Ai,

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<v Speaker 4>a startup, for three point two five billion. So you know,

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<v Speaker 4>every every company is wanting to capture more space on AI.

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<v Speaker 4>This is Marvel's bid to do that. So it looks

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<v Speaker 4>like that's really what is dragging shares down. BI Bloomberk

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<v Speaker 4>Intelligence said, you know, the two Q sales and the

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<v Speaker 4>even the top line guidance for the third quarter is

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<v Speaker 4>not enough to raise the near term optimism and there

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<v Speaker 4>will be more questions surrounding Celestial AI and the purchase price.

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<v Speaker 1>You know, I'm looking at Celestial ais website back in August,

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<v Speaker 1>the most recent press release, it's about closing a C

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<v Speaker 1>A final Series C one round to accelerate its next

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<v Speaker 1>gen AI computing. They added strategic investors, then a venture

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<v Speaker 1>tech alliance and Samsung Catalyst fund the latest investments bringing

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<v Speaker 1>the companies total funding up to five hundred and twenty

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<v Speaker 1>million dollars, so more than three billion dollar acquisition. Those

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<v Speaker 1>venture capitalists having a nice payday.

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<v Speaker 3>You know, what we're seeing right now is companies that

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<v Speaker 3>can either make AI transactions chips more efficient, more productive,

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<v Speaker 3>less energy usage. And I'm just looking at Celestial AI

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<v Speaker 3>offers a technology called photo tonic fabric that connects components

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<v Speaker 3>within AI infrastructure so that it relies on light to

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<v Speaker 3>more efficiently move data, helping AI systems run more quickly.

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<v Speaker 3>So I do feel like we're starting to see money

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<v Speaker 3>move into this section. We're seeing movie I should say

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<v Speaker 3>money moving into American Eagle in the Afterno, yeah.

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<v Speaker 4>Let's like an American eagle. This is ticker. AEO shares

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<v Speaker 4>are up about twelve percent right now. It just reported

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<v Speaker 4>earnings with strong sales and a higher outlook for twenty

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<v Speaker 4>twenty five, so they raised its outlook, pivoting from weakness

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<v Speaker 4>earlier in the year. I think there was a little

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<v Speaker 4>bit of a downturn. You know, they were retailers in

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<v Speaker 4>general were hit by tariffs, and they also had you know,

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<v Speaker 4>they got some sort of the Meme stock treatment with

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<v Speaker 4>some of their ads. Then they had but then they

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<v Speaker 4>had a huge jump after the fact. So interesting to

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<v Speaker 4>be seeing American Eagle doing well again. I mean the

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<v Speaker 4>stock has actually done really well. I think it was

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<v Speaker 4>the top performer, and like our a top performer in

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<v Speaker 4>twenty twenty three, I think up on the year.

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<v Speaker 3>Yes, that was twenty five percent.

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<v Speaker 4>Year today twenty five percent, and.

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<v Speaker 1>From June Low's it's up one hundred and thirty three percent.

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<v Speaker 3>That's a run right now, forty to fifty percent off

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<v Speaker 3>big cybersale. Oh okay, So if you need some like

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<v Speaker 3>skinny jeans, Tim.

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<v Speaker 1>I thought those were out. I thought it was all

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<v Speaker 1>about those barrel.

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<v Speaker 4>Jeans, the wide leg Yeah, thank you.

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<v Speaker 3>I can't like, I still can't get my head around them.

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