WEBVTT - Coinbase Pops; Major Chip Stocks Slide; Rumble Pushes Higher

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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 stocks on the move today. I'm Tom Keen

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<v Speaker 1>with Paul Sweeney and Bloomberg's Lisa Matteo.

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<v Speaker 2>We've been talking about bitcoin right nearing a record demand

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<v Speaker 2>from institutional investors, corporate treasury buyers, US spot ETFs A

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<v Speaker 2>shift and sentiment, all of this digital asset treasury companies

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<v Speaker 2>a massive bitcoin stockpile worth one hundred and thirteen billion dollars. Okay,

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<v Speaker 2>so bitcoin it's rose as much as three point three

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<v Speaker 2>percent before this morning to top about one hundred and

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<v Speaker 2>twenty two thousand. The previous all time high. This road

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<v Speaker 2>to trying to beat is one hundred and twenty three thousand,

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<v Speaker 2>two hundred and five. So that's why cryptocurrency stocks like coinbase,

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<v Speaker 2>tick her coi n They're up about five percent. Then

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<v Speaker 2>you look at a few others, Riot platforms tick her

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<v Speaker 2>Riot up three percent. Yeah, Mara Holding's mar A up

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<v Speaker 2>three percent. Even micro Strategy mstr up up at.

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<v Speaker 3>She gets all these names from her kids, Idy exactly

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<v Speaker 3>as they're on their laptop.

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<v Speaker 2>So in Vidia and AMD, we've been talking about this, right,

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<v Speaker 2>shares have been falling.

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<v Speaker 3>The reason why, so source is.

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<v Speaker 2>Saying they agreed to pay fifteen percent of their revenues

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<v Speaker 2>from Chinese Aichip sales to the government, reportedly to the

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<v Speaker 2>deal to secure export licenses.

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<v Speaker 3>Is it like a done deal. It's not a done deal.

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<v Speaker 3>These are still sources. It's not. Nothing is a done deal.

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<v Speaker 2>But they're saying it's just part of President Trump's effort

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<v Speaker 2>to try and get financial payout for the US in

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<v Speaker 2>return for concessions on trade.

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<v Speaker 3>So that's the reason they're saying.

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<v Speaker 2>I mean, it's shown kind of this willingness to relax

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<v Speaker 2>trade conditions like tariffs and return for giant investments like

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<v Speaker 2>we heard that with Apple. Right, they're pledged to spend

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<v Speaker 2>six hundred billion dollars on domestic manufacturing. But all that said,

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<v Speaker 2>I mean, and video shares have dropped as much as

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<v Speaker 2>one hundred and one and a half percent. AMD fell

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<v Speaker 2>as much as for he loves this okay rumble and

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<v Speaker 2>you're saying.

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<v Speaker 3>This another sharing bonus.

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<v Speaker 2>He loves this video sharing platform cloud services provider.

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<v Speaker 3>It's ticker R u M. But they've been jumping as

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<v Speaker 3>much as fifteen percent. Okay.

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<v Speaker 2>The reason why is because there's word that they're considering

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<v Speaker 2>a one point two billion dollar bid for German AI

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<v Speaker 2>cloud computing group Northern Data.

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<v Speaker 3>And this involves kids.

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<v Speaker 1>This is love.

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<v Speaker 3>This has no idea what she's talking about. This is

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<v Speaker 3>what you're gonna love.

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<v Speaker 2>It actually involves cryptocurrency company company Tether and how this

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<v Speaker 2>moves on their Northern Data's biggest shareholder.

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<v Speaker 3>That's how Rumble is based in Longboat Key, Florida. Oh okay,

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<v Speaker 3>a lot of That's a good place down there. Case,

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<v Speaker 3>do you have anything else? Wait for the next one here? Wait,

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<v Speaker 3>this is this is the kick Monday dot Com. Sure

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<v Speaker 3>don loves this one.

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<v Speaker 2>Andy down as much as eighteen percent.

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<v Speaker 3>Okay.

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<v Speaker 2>Their second quarter results they were better. The whole thing

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<v Speaker 2>why their shares are lower is what the article is

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<v Speaker 2>saying is that there're been concerns that companies are pulling

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<v Speaker 2>back their IT spending budgets. So that's what they think

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<v Speaker 2>it's going to affect Monday dot Com.

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<v Speaker 1>The Stockmovers Report from Bloomberg Radio. Check back with us

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<v Speaker 1>throughout the day for the latest roundup of companies making

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<v Speaker 1>news on Wall Street and for the latest market moving headlines.

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