Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a
Speaker 3: morning where stocks as a whole are moving lower, but
Speaker 3: there is a lot of green on the most screen
Speaker 3: this morning, val including Constellation Energy on a big deal
Speaker 3: with Meta Platforms.
Speaker 4: Good morning, Hey, good morning, Nathan. That's right.
Speaker 1: Constellation Energy, this is the biggest nuclear power generator in
Speaker 1: the US, is signed a deal with Meta for data
Speaker 1: center data center energy. The shares of Constellation Energy are
Speaker 1: up near thirteen percent in pre market. They've signed a
Speaker 1: twenty year contract with Meta. They're going to be giving
Speaker 1: them power from an Illinois nuclear print plant and it's
Speaker 1: the first deal of it's kind in the US with
Speaker 1: a currently opt.
Speaker 4: Rereading nuclear plant.
Speaker 1: It does have parallels though to one that Constellation Energy
Speaker 1: signed with Microsoft last year, but that was about a
Speaker 1: currently offline nuclear power plant and three Mile Island in Pennsylvania.
Speaker 1: But this is just more evidence of technology companies voracious
Speaker 1: appetite for energy to run these data centers in AI,
Speaker 1: and Constellation Energy, being the largest nuclear power plant company
Speaker 1: in the US, is seeing to benefit. That's Constellation Energy
Speaker 1: up now thirteen and a half percent pre market.
Speaker 3: And this is just the latest data center news that
Speaker 3: we've gotten just this week, Valerie, we saw the big
Speaker 3: move with Applied Digital yesterday. How's that stock going?
Speaker 4: Yeah, this one is interesting.
Speaker 1: Applied Digital it soared forty five percent yesterday, but it's
Speaker 1: on the rise again today, up another four and a
Speaker 1: half percent. One of the most traded stocks by volume
Speaker 1: so far in the pre market. This is on a
Speaker 1: huge AI data center lease agreement with core Weave. It's
Speaker 1: the data center lease is worth seven billion dollars, a
Speaker 1: fifteen year data center lease agreement that was signed with
Speaker 1: core Weave, which is a cloud based IA computing service
Speaker 1: focused on graphics that iPod earlier this year.
Speaker 4: Remember it was a wobbly IPO.
Speaker 1: But the stock has tripled since late March, and it
Speaker 1: seems like it's causing others to gain as well. That's
Speaker 1: Applied Digital soaring another four point three percent after a
Speaker 1: forty five percent rally yesterday.
Speaker 4: With this deal with Coreweave, and.
Speaker 3: We're seeing another double digit move just in the pre
Speaker 3: market for Creto Technology after their earnings.
Speaker 1: Yeah, this is Credo Technology. The shares are up thirteen
Speaker 1: point seven percent. It's a high speed connectivity solutions company
Speaker 1: and they came with earnings. They reported a beat in
Speaker 1: revenue in their earnings release. They they have a continued
Speaker 1: to grow their business across hyperscaler customers such as Amazon
Speaker 1: XAI and Microsoft for AI services, and the CEO says
Speaker 1: that he believes the company will continue this trend for
Speaker 1: the foreseeable future. So a beat for a technology company,
Speaker 1: Creto Technology. The shares are up fourteen percent.
Speaker 3: Now on the downside this morning.
Speaker 4: Tell us about what's going on with.
Speaker 1: Bumble Oh, those shares are in the red, down five
Speaker 1: and a half percent in the pre market on Tuesday.
Speaker 1: This comes after a JP Morgan downgrade to underweight from
Speaker 1: neutral following the shar's recent rally, saying that the online
Speaker 1: dating category remains challenged with the gen Z product fit issues.
Speaker 3: Jen sid where are you from anyway? Dollar General just
Speaker 3: reported earnings. How's that stock doing?
Speaker 2: Oh?
Speaker 4: Those shares are up seven percent.
Speaker 1: Dollar General coming with a beat with first quarter EPs
Speaker 1: coming at one point seven eight. The estimate was for
Speaker 1: one dollar and forty eight cents per share. They also
Speaker 1: raised their financial guidance for the full year twenty twenty five,
Speaker 1: so those shares are jumping seven percent pre market after
Speaker 1: earnings from Dollar General.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
Speaker 2: us throughout today for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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