WEBVTT - Nebius Rises, Dollar Tree Up, Micron Gains on Earnings Optimism

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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.

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<v Speaker 1>Data stocks that are on the move this morning, And

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<v Speaker 1>for that we bring in Carmen Renike. She is our

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<v Speaker 1>Bloomberg Equities reporter. Carmen, what are you looking at?

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<v Speaker 3>Yeah, so the first one I'm looking at this morning

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<v Speaker 3>is Nebuus Group. This is ticker nbis so shares her

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<v Speaker 3>up about twelve percent right now. This is only the

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<v Speaker 3>most in like a few days, but you know, still

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<v Speaker 3>pretty significant jump. It's at the highest since November. Basically,

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<v Speaker 3>what happened is Meta Platforms announced it will pay as

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<v Speaker 3>much as twenty seven billion over the next five years

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<v Speaker 3>for access to artificial intelligence infrastructure from Nebuus, which is

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<v Speaker 3>a new cloud so cloud provider that operates data centers.

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<v Speaker 3>And this company also has a strategic partnership with Nvidiacorp,

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<v Speaker 3>which will also provide you know, Meta some dedicated capacity

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<v Speaker 3>started in twenty twenty seven. So just seeing you know,

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<v Speaker 3>more and more companies put more money into building out

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<v Speaker 3>the artificial intelligence infrastructure, and yeah, looks really good for

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<v Speaker 3>some of these cloud providers.

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<v Speaker 1>Yeah, it's putting on Hebby is certainly in a prime

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<v Speaker 1>position here, all right, next up on your list.

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<v Speaker 3>Yeah, so we got to look at Dollar Tree shares

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<v Speaker 3>doing pretty well here as well. This is ticker DLTR.

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<v Speaker 3>Shares up about four point nine percent, So this is

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<v Speaker 3>the best intra day since early January. So the company

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<v Speaker 3>at earnings this morning, and investors are happy with the

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<v Speaker 3>results that they're seeing. Sort of a key thing to

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<v Speaker 3>point out, so they've introduced higher priced items to sort

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<v Speaker 3>of get more wealthier, higher income I guess shoppers coming

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<v Speaker 3>to their stores. So that helped also by increasing sort

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<v Speaker 3>of store traffic, so more people coming in to buy

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<v Speaker 3>these items and arrange from three dollars to five dollars.

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<v Speaker 3>So boosted results for that for that company.

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<v Speaker 1>All right, we know when you're the end of earning

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<v Speaker 1>season when you've got the retailers reporting, but you do

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<v Speaker 1>have a tech company reporting as well.

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<v Speaker 3>Yeah, so Micro here, this is ticker MU, and this

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<v Speaker 3>is going to be a really interesting one to watch

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<v Speaker 3>because the memory names have done so well this year.

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<v Speaker 3>So shares are up about also about five percent today.

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<v Speaker 3>This could close at a record high if it stays

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<v Speaker 3>at this level. And Yeah, what we're looking at is

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<v Speaker 3>results come after close on Wednesday.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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