WEBVTT - Kimberly-Clark Sinks, Nvidia Higher, Microsoft Jumps on IREN Deal

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some of the stocks on the move today. I'm

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<v Speaker 1>Paul swinging alongside Scarlet Foo when we're joined by Bloomberg's

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<v Speaker 1>Nora and Linda Nora.

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<v Speaker 2>What are you looking at today? Well, there was a

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<v Speaker 2>lot to dig into this morning as I was kind

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<v Speaker 2>of sifting through some of these stocks. I've got eyes

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<v Speaker 2>on Kimberly Clark. This is ticker KMB really in focus

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<v Speaker 2>here alongside Kinview, which is ticker KVUE. You've got shares

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<v Speaker 2>of Kimberly Clark plunging as the worst performing stock on

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<v Speaker 2>the S and P five hundred. It's worst day in

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<v Speaker 2>twenty five years. Elevated trading volume that we're seeing here.

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<v Speaker 2>This is the biggest drop since March seven, two thousand

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<v Speaker 2>and this is after the company agreed to buy Kinview

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<v Speaker 2>for roughly forty billion dollars. This will value Kenview at

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<v Speaker 2>forty eight point seven billion on an enterprise basis here,

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<v Speaker 2>and it's really just you'rre stating the street just trying

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<v Speaker 2>to digest this this deal here and thinking about the

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<v Speaker 2>implications here for Kimberly Clark. If you look at shares

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<v Speaker 2>of Kinview, they are rising though, among the best performing

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<v Speaker 2>stocks in the S and P five hundred. But this

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<v Speaker 2>combination should create a company worth about thirty two billion

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<v Speaker 2>dollars in revenue and it allow it to surpass Unilever

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<v Speaker 2>to become the second biggest seller of health and wellness products,

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<v Speaker 2>following Procter and Gamble.

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<v Speaker 1>There, Yeah, a pretty big giant to the consumer good space.

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<v Speaker 2>Let's talk about the five trillion dollar company in video

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<v Speaker 2>and video, of course, we can't stop talking about that one.

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<v Speaker 2>And this is a deal between and we're looking at

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<v Speaker 2>Amazon and in video right now. Of course, we know

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<v Speaker 2>Amazon's cloud unit signed a thirty eight billion dollar deal

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<v Speaker 2>to supply a slice of open aiy's demand for computing powers.

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<v Speaker 2>So we did see shares of Amazon rising up, extending

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<v Speaker 2>their record high Street that we're seeing today up as

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<v Speaker 2>much as five point nine percent. Now this of course

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<v Speaker 2>open ai will pay AWS for act says the hundreds

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<v Speaker 2>of thousands of Nvidia GPUs as part of a seven

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<v Speaker 2>year deal. This was announced between the two companies today

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<v Speaker 2>so you really are seeing Wall Street investors clearly celebrating

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<v Speaker 2>this collaboration that we're seeing between some of these major

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<v Speaker 2>powerhouses here. All right, one more for us, one more,

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<v Speaker 2>another deal. We can't stop talking about deals on this Monday.

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<v Speaker 2>Here's a Microsoft and Focus. This is MSFT and alongside

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<v Speaker 2>Iron this is Ire in the ticker there. This is

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<v Speaker 2>Iron is an Australia based renewable energy company. They essentially

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<v Speaker 2>manage next gen data centers that are powered by renewable

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<v Speaker 2>energy and this is all optimized for bitcoin mining services

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<v Speaker 2>and other power dense compute. But you saw Microsoft signing

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<v Speaker 2>a deal to buy this company for about nine point

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<v Speaker 2>seven billion dollars. This is a five year agreement and

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<v Speaker 2>this will give Microsoft access to Nvidia systems in Texas

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<v Speaker 2>and it includes a twenty percent pre payment. Here, So

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<v Speaker 2>lots of Nvidia action clearly going on today in the

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<v Speaker 2>market and a lot of deals happening on this Monday.

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<v Speaker 1>This Stockmover's report from Bloomberg Radio. Check back with us

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