1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,760 --> 00:00:19,720 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,720 --> 00:00:22,759 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a 6 00:00:22,800 --> 00:00:24,959 Speaker 3: morning where stocks as a whole are moving lower, but 7 00:00:25,000 --> 00:00:27,560 Speaker 3: there is a lot of green on the most screen 8 00:00:27,720 --> 00:00:31,720 Speaker 3: this morning, val including Constellation Energy on a big deal 9 00:00:32,040 --> 00:00:33,200 Speaker 3: with Meta Platforms. 10 00:00:33,240 --> 00:00:35,279 Speaker 4: Good morning, Hey, good morning, Nathan. That's right. 11 00:00:35,320 --> 00:00:39,919 Speaker 1: Constellation Energy, this is the biggest nuclear power generator in 12 00:00:39,960 --> 00:00:42,920 Speaker 1: the US, is signed a deal with Meta for data 13 00:00:42,960 --> 00:00:47,120 Speaker 1: center data center energy. The shares of Constellation Energy are 14 00:00:47,200 --> 00:00:50,320 Speaker 1: up near thirteen percent in pre market. They've signed a 15 00:00:50,400 --> 00:00:54,200 Speaker 1: twenty year contract with Meta. They're going to be giving 16 00:00:54,240 --> 00:00:57,120 Speaker 1: them power from an Illinois nuclear print plant and it's 17 00:00:57,160 --> 00:00:58,880 Speaker 1: the first deal of it's kind in the US with 18 00:00:58,960 --> 00:01:00,200 Speaker 1: a currently opt. 19 00:01:00,120 --> 00:01:01,320 Speaker 4: Rereading nuclear plant. 20 00:01:01,360 --> 00:01:04,520 Speaker 1: It does have parallels though to one that Constellation Energy 21 00:01:04,600 --> 00:01:07,360 Speaker 1: signed with Microsoft last year, but that was about a 22 00:01:07,400 --> 00:01:11,160 Speaker 1: currently offline nuclear power plant and three Mile Island in Pennsylvania. 23 00:01:11,200 --> 00:01:14,800 Speaker 1: But this is just more evidence of technology companies voracious 24 00:01:14,840 --> 00:01:18,080 Speaker 1: appetite for energy to run these data centers in AI, 25 00:01:18,480 --> 00:01:22,160 Speaker 1: and Constellation Energy, being the largest nuclear power plant company 26 00:01:22,200 --> 00:01:24,959 Speaker 1: in the US, is seeing to benefit. That's Constellation Energy 27 00:01:25,040 --> 00:01:26,919 Speaker 1: up now thirteen and a half percent pre market. 28 00:01:27,240 --> 00:01:29,880 Speaker 3: And this is just the latest data center news that 29 00:01:29,920 --> 00:01:32,800 Speaker 3: we've gotten just this week, Valerie, we saw the big 30 00:01:32,840 --> 00:01:35,840 Speaker 3: move with Applied Digital yesterday. How's that stock going? 31 00:01:36,160 --> 00:01:37,720 Speaker 4: Yeah, this one is interesting. 32 00:01:37,760 --> 00:01:41,040 Speaker 1: Applied Digital it soared forty five percent yesterday, but it's 33 00:01:41,040 --> 00:01:43,120 Speaker 1: on the rise again today, up another four and a 34 00:01:43,160 --> 00:01:46,160 Speaker 1: half percent. One of the most traded stocks by volume 35 00:01:46,240 --> 00:01:48,400 Speaker 1: so far in the pre market. This is on a 36 00:01:48,520 --> 00:01:52,760 Speaker 1: huge AI data center lease agreement with core Weave. It's 37 00:01:52,800 --> 00:01:56,080 Speaker 1: the data center lease is worth seven billion dollars, a 38 00:01:56,200 --> 00:01:58,600 Speaker 1: fifteen year data center lease agreement that was signed with 39 00:01:58,640 --> 00:02:02,080 Speaker 1: core Weave, which is a cloud based IA computing service 40 00:02:02,160 --> 00:02:04,800 Speaker 1: focused on graphics that iPod earlier this year. 41 00:02:04,920 --> 00:02:06,280 Speaker 4: Remember it was a wobbly IPO. 42 00:02:06,360 --> 00:02:08,760 Speaker 1: But the stock has tripled since late March, and it 43 00:02:08,800 --> 00:02:11,760 Speaker 1: seems like it's causing others to gain as well. That's 44 00:02:11,800 --> 00:02:15,400 Speaker 1: Applied Digital soaring another four point three percent after a 45 00:02:15,480 --> 00:02:17,040 Speaker 1: forty five percent rally yesterday. 46 00:02:17,040 --> 00:02:18,639 Speaker 4: With this deal with Coreweave, and. 47 00:02:18,600 --> 00:02:21,440 Speaker 3: We're seeing another double digit move just in the pre 48 00:02:21,600 --> 00:02:25,200 Speaker 3: market for Creto Technology after their earnings. 49 00:02:25,600 --> 00:02:29,040 Speaker 1: Yeah, this is Credo Technology. The shares are up thirteen 50 00:02:29,240 --> 00:02:33,440 Speaker 1: point seven percent. It's a high speed connectivity solutions company 51 00:02:33,840 --> 00:02:36,680 Speaker 1: and they came with earnings. They reported a beat in 52 00:02:36,760 --> 00:02:42,840 Speaker 1: revenue in their earnings release. They they have a continued 53 00:02:42,880 --> 00:02:47,000 Speaker 1: to grow their business across hyperscaler customers such as Amazon 54 00:02:47,200 --> 00:02:50,680 Speaker 1: XAI and Microsoft for AI services, and the CEO says 55 00:02:50,720 --> 00:02:53,840 Speaker 1: that he believes the company will continue this trend for 56 00:02:53,880 --> 00:02:56,639 Speaker 1: the foreseeable future. So a beat for a technology company, 57 00:02:56,680 --> 00:02:59,240 Speaker 1: Creto Technology. The shares are up fourteen percent. 58 00:02:59,720 --> 00:03:01,640 Speaker 3: Now on the downside this morning. 59 00:03:02,320 --> 00:03:03,720 Speaker 4: Tell us about what's going on with. 60 00:03:03,720 --> 00:03:07,280 Speaker 1: Bumble Oh, those shares are in the red, down five 61 00:03:07,320 --> 00:03:09,960 Speaker 1: and a half percent in the pre market on Tuesday. 62 00:03:10,000 --> 00:03:13,840 Speaker 1: This comes after a JP Morgan downgrade to underweight from 63 00:03:13,880 --> 00:03:17,080 Speaker 1: neutral following the shar's recent rally, saying that the online 64 00:03:17,160 --> 00:03:21,520 Speaker 1: dating category remains challenged with the gen Z product fit issues. 65 00:03:21,919 --> 00:03:26,760 Speaker 3: Jen sid where are you from anyway? Dollar General just 66 00:03:26,800 --> 00:03:28,880 Speaker 3: reported earnings. How's that stock doing? 67 00:03:29,120 --> 00:03:29,280 Speaker 2: Oh? 68 00:03:29,280 --> 00:03:30,680 Speaker 4: Those shares are up seven percent. 69 00:03:30,760 --> 00:03:33,520 Speaker 1: Dollar General coming with a beat with first quarter EPs 70 00:03:33,560 --> 00:03:36,040 Speaker 1: coming at one point seven eight. The estimate was for 71 00:03:36,080 --> 00:03:38,840 Speaker 1: one dollar and forty eight cents per share. They also 72 00:03:38,960 --> 00:03:42,040 Speaker 1: raised their financial guidance for the full year twenty twenty five, 73 00:03:42,120 --> 00:03:45,200 Speaker 1: so those shares are jumping seven percent pre market after 74 00:03:45,520 --> 00:03:46,720 Speaker 1: earnings from Dollar General. 75 00:03:47,800 --> 00:03:51,960 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 76 00:03:52,040 --> 00:03:55,120 Speaker 2: us throughout today for the latest roundup of companies making 77 00:03:55,200 --> 00:03:58,800 Speaker 2: news on Wall Street and for the latest market moving headlines. 78 00:03:58,920 --> 00:04:02,840 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 79 00:04:02,920 --> 00:04:05,720 Speaker 2: dot com, and on Applecarplay and Android Auto with the 80 00:04:05,720 --> 00:04:07,080 Speaker 2: Bloomberg Business app.