1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,439 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,480 --> 00:00:20,759 Speaker 1: I'm Tim Stanebeck along with Emily Grafeo. We are joined 6 00:00:20,760 --> 00:00:24,200 Speaker 1: by Bloomberg News Cross asset reporter Deniita Sikova. Denitza, what 7 00:00:24,280 --> 00:00:25,600 Speaker 1: are you watching on this Friday? 8 00:00:25,760 --> 00:00:29,200 Speaker 3: We're looking at the AI infrastructure boom and it's not stopping. 9 00:00:29,200 --> 00:00:29,640 Speaker 2: Guys. 10 00:00:29,800 --> 00:00:34,040 Speaker 3: COREWEF and Tropic agreed to tap data center capacity from 11 00:00:34,080 --> 00:00:37,160 Speaker 3: COREWIEF and we're seeing quite the reaction in the stock. 12 00:00:37,240 --> 00:00:40,319 Speaker 3: The stock is up thirteen percent. The biggest inter day 13 00:00:40,400 --> 00:00:42,520 Speaker 3: rise in more than two months. That tik, of course 14 00:00:42,560 --> 00:00:46,640 Speaker 3: is CRWV. That company was under a lot of pressure 15 00:00:46,720 --> 00:00:50,479 Speaker 3: in that software AI private credit sale off from October 16 00:00:50,560 --> 00:00:53,800 Speaker 3: to November and now we're seeing quite the reverse. So 17 00:00:53,880 --> 00:00:56,720 Speaker 3: the stock is up more than forty percent this year. 18 00:00:56,840 --> 00:00:59,520 Speaker 3: It has struck deal with pretty much all the companies 19 00:00:59,560 --> 00:01:02,280 Speaker 3: that are all they're nine out of ten of the 20 00:01:02,360 --> 00:01:06,120 Speaker 3: leading AI model providers. Recently, we had the announcement about 21 00:01:06,360 --> 00:01:10,399 Speaker 3: Meta twenty one billion commitment from Meta platforms, so that 22 00:01:10,480 --> 00:01:14,039 Speaker 3: space is growing really fast and clearly people are not 23 00:01:14,200 --> 00:01:17,480 Speaker 3: so worried about renting AI at the space. Of course, 24 00:01:17,480 --> 00:01:21,000 Speaker 3: those companies are the nail clouds. They specialize in offering 25 00:01:21,120 --> 00:01:25,480 Speaker 3: high performance cloud computing for AR workloads. You know, all 26 00:01:25,480 --> 00:01:28,000 Speaker 3: the big companies are using it, and so far it's working. 27 00:01:28,080 --> 00:01:30,720 Speaker 1: Yeah. I mean, it's a good, good sign that they're 28 00:01:30,760 --> 00:01:35,080 Speaker 1: diversifying their customers, because one concern since they've gotten one 29 00:01:35,120 --> 00:01:37,280 Speaker 1: public about a year ago was that they just have 30 00:01:37,360 --> 00:01:41,160 Speaker 1: the same you know, high concentration of customers. Even on 31 00:01:41,200 --> 00:01:43,200 Speaker 1: the Bloomberg terminal, if you use the supply chain function, 32 00:01:43,240 --> 00:01:46,600 Speaker 1: you still see Microsoft accounting for sixty seven percent of 33 00:01:46,640 --> 00:01:52,160 Speaker 1: Core weaves revenue, Meta Platforms eight percent, Alphabet five point 34 00:01:52,240 --> 00:01:54,760 Speaker 1: two percent. So so much is concentrated with Microsoft. So 35 00:01:55,360 --> 00:01:56,760 Speaker 1: good to get interrupted. 36 00:01:56,480 --> 00:01:58,440 Speaker 3: No longer the case you have on Tropic. 37 00:01:58,160 --> 00:02:01,640 Speaker 1: Yeah, okay, Core we what else we have? 38 00:02:01,760 --> 00:02:05,840 Speaker 3: Nike, It's been a pretty rough day for Nike. It's 39 00:02:05,880 --> 00:02:08,560 Speaker 3: been a rough few years for Nike. Yeah, they were 40 00:02:08,560 --> 00:02:13,640 Speaker 3: getting a downgrade from Piper Sandler. It's coming from overweight 41 00:02:13,680 --> 00:02:16,920 Speaker 3: to neutral. The company has been under a lot of pressure. 42 00:02:16,960 --> 00:02:19,360 Speaker 3: But what Piper Center is worried about is maybe an 43 00:02:19,480 --> 00:02:24,600 Speaker 3: industry wide problem whether at leisure is peaking. You know, 44 00:02:24,840 --> 00:02:27,520 Speaker 3: Nike has had is it peaking? 45 00:02:27,760 --> 00:02:28,239 Speaker 1: I don't know. 46 00:02:29,040 --> 00:02:31,440 Speaker 3: I feel like Tim, where's at leisure? 47 00:02:32,040 --> 00:02:33,160 Speaker 1: You're an active person? 48 00:02:33,280 --> 00:02:34,120 Speaker 2: I'm an active person. 49 00:02:34,320 --> 00:02:38,680 Speaker 3: I'm an active person. But that's unfair. Three anecdotes, But. 50 00:02:38,600 --> 00:02:41,440 Speaker 1: It seems like, you know, it's it used to be 51 00:02:41,520 --> 00:02:44,720 Speaker 1: like a category that I guess Lululemon kind of helped create, 52 00:02:44,800 --> 00:02:48,160 Speaker 1: and now there's so much competitors. Especially We've talked about 53 00:02:48,200 --> 00:02:50,520 Speaker 1: this before, like go to the gym and you know, 54 00:02:50,560 --> 00:02:52,040 Speaker 1: New York and it's like it used to be all 55 00:02:52,120 --> 00:02:54,760 Speaker 1: Lulu Lemon and now you have options. 56 00:02:54,840 --> 00:02:57,320 Speaker 3: And this is exactly what Piper Sendler says. There are 57 00:02:57,400 --> 00:02:59,840 Speaker 3: so many newcomers that are entering that some of the 58 00:03:00,919 --> 00:03:03,080 Speaker 3: you know names like Nike have been around for quite 59 00:03:03,080 --> 00:03:05,600 Speaker 3: some time or suffering. We also saw the earnings report 60 00:03:05,639 --> 00:03:08,520 Speaker 3: that was quite disappointing. Revenue is expected to decline two 61 00:03:08,600 --> 00:03:11,160 Speaker 3: to four percent, So the pressure has been building for 62 00:03:11,240 --> 00:03:13,280 Speaker 3: quite some time and the company is down more than 63 00:03:13,320 --> 00:03:17,639 Speaker 3: thirty percent here to date. So definitely the screech. 64 00:03:18,800 --> 00:03:19,959 Speaker 2: Tim's pointing at something. 65 00:03:20,000 --> 00:03:24,280 Speaker 1: I'm trying to find this I heard the other day 66 00:03:24,320 --> 00:03:28,360 Speaker 1: on Bloomberg Radio that one of the one of the 67 00:03:28,440 --> 00:03:31,200 Speaker 1: established retailers is coming out with the new ath leisure 68 00:03:31,600 --> 00:03:34,880 Speaker 1: line already, like you know now so even you even 69 00:03:34,880 --> 00:03:37,080 Speaker 1: have new entrants now out. Yeah, you know, it seems 70 00:03:37,120 --> 00:03:37,760 Speaker 1: like a little late. 71 00:03:37,800 --> 00:03:39,760 Speaker 3: I don't know. But Nike is interesting one. They had 72 00:03:39,760 --> 00:03:43,240 Speaker 3: that partnership with skim so they're tapping in this new 73 00:03:43,400 --> 00:03:46,480 Speaker 3: kind of cool audience. And you know, I thought that 74 00:03:46,560 --> 00:03:48,720 Speaker 3: generated a lot of buzz. I saw so many posts 75 00:03:48,760 --> 00:03:50,960 Speaker 3: about it, and I thought it was quite interesting. Another 76 00:03:51,000 --> 00:03:54,360 Speaker 3: space that has a lot of competition the protein bar space, 77 00:03:54,360 --> 00:03:58,760 Speaker 3: because you're also looking at the Quest protein bar maker. Yeah, 78 00:03:58,840 --> 00:04:03,160 Speaker 3: so the for a leisure the day for proteins two 79 00:04:03,280 --> 00:04:05,720 Speaker 3: very important topics for me. But they're doing pretty bad. 80 00:04:06,720 --> 00:04:12,840 Speaker 3: So simply good Foods significantly reduce their full year twenty 81 00:04:12,880 --> 00:04:16,919 Speaker 3: twenty six guidance, and we've seen at least six price 82 00:04:16,960 --> 00:04:21,120 Speaker 3: cuts since then. One of them is Ubs Morgan Stanley 83 00:04:21,839 --> 00:04:26,400 Speaker 3: Stephen Ink is consideredly stronger because they cut from equal 84 00:04:26,440 --> 00:04:30,640 Speaker 3: weight from overweight to equal weight, siting significant guidance reduction. 85 00:04:31,240 --> 00:04:33,279 Speaker 3: So that's an interesting space. There are a lot of 86 00:04:33,320 --> 00:04:36,480 Speaker 3: things that are going wrong consumption with soft pressure from 87 00:04:36,480 --> 00:04:41,640 Speaker 3: distribution loases weaker core velocities. But maybe just like at leisure, 88 00:04:41,800 --> 00:04:44,640 Speaker 3: we're seeing so many different protein products now, I'm seeing 89 00:04:44,640 --> 00:04:47,440 Speaker 3: like protein, like you can buy fish, you can buy obviously, 90 00:04:47,480 --> 00:04:49,360 Speaker 3: the bars that you can max out the protein, and 91 00:04:49,760 --> 00:04:51,240 Speaker 3: coffee everything is protein. 92 00:04:51,320 --> 00:04:54,200 Speaker 1: Yeah, because the GLP wants yes, So everybody you know 93 00:04:54,240 --> 00:04:55,320 Speaker 1: needs more protein now. 94 00:04:55,400 --> 00:04:57,560 Speaker 2: So right, but you wanted to taste good. 95 00:04:57,440 --> 00:04:59,560 Speaker 1: You even have like what you go buy restaurants in 96 00:04:59,600 --> 00:05:03,000 Speaker 1: New York not restaurants like quick service casual, you know, 97 00:05:03,000 --> 00:05:05,080 Speaker 1: and they're like fifty grams of protein. 98 00:05:04,720 --> 00:05:05,560 Speaker 3: In this one day. 99 00:05:06,360 --> 00:05:10,599 Speaker 1: Yeah, that's what they're That's what they're advertising. Diniza Sikova 100 00:05:10,640 --> 00:05:13,880 Speaker 1: with Stockmovers. She's Bloomberg News cross ass that reporter. For 101 00:05:13,960 --> 00:05:16,400 Speaker 1: more conversations like this, check out our new Stockmovers podcast. 102 00:05:16,400 --> 00:05:18,919 Speaker 1: Subscribe for five minute episodes on the biggest winners and 103 00:05:18,920 --> 00:05:21,120 Speaker 1: losers in the stock market. You can check out Stockmovers 104 00:05:21,120 --> 00:05:23,920 Speaker 1: on Apple, Spotify, or anywhere you get your podcasts. 105 00:05:24,960 --> 00:05:29,200 Speaker 2: The Stockmovers Report from Bloomberg Radio. 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