Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at it some of the stocks
Speaker 2: on the move today.
Speaker 1: We can do that with Christina Kino, managing enter for
Speaker 1: Markets Live, joining us here in studio. Christine, what are
Speaker 1: you looking at today? All right, well, let's kick it
Speaker 1: off with Intel ticker I NTC definitely one of the
Speaker 1: stocks in the red this morning. That is because we
Speaker 1: did get news about the company offering fifteen billion dollars
Speaker 1: in common stock. Apparently the proceeds will be used for
Speaker 1: general carport purposes, and they're saying Enterstainment that there is
Speaker 1: progress in emergent areas including physical AI, purpose built silicon,
Speaker 1: advanced packaging, and external Wayfirst that represents significant growth opportunities
Speaker 1: for Intel. But of course, the share move today a
Speaker 1: negative one, probably speaks to a lot of investor concerns
Speaker 1: around the dilution of existing shares and really what the
Speaker 1: returns are going to be in a process of raising
Speaker 1: this money. But we do have Bloomberg Intelligence analyst Robert
Speaker 1: Schiffman weighing in on this the proceeds will provide substantial
Speaker 1: capacity to fund AI foundry and other projects without adding leverage.
Speaker 1: So perhaps that's a good thing for some of the bondholders,
Speaker 1: but not a positive reception from our stockholders. Here, all right, Christine,
Speaker 1: what else are you looking at this morning? Are we?
Speaker 1: Let's take a look at eBay, another stock in the
Speaker 1: red this morning, so ticker e b a Y. Those
Speaker 1: hairs are now down more than four percent, and that's
Speaker 1: because we did get us a game Stop is apparently
Speaker 1: considering with rawing its fifty six billion dollar bid for eBay,
Speaker 1: so instead, games Op CEO Ryan Cohen is proposing a
Speaker 1: partnership or a joint venture that would allow EBA to
Speaker 1: leverage game stocks roughly sixteen hundred US retail locations.
Speaker 2: Now.
Speaker 1: Gamesop, we know, is one of eBay's largest shareholders, so
Speaker 1: they would probably also seek representation on eBay's board. This
Speaker 1: is according to exclusive reporting by Bloomberg.
Speaker 2: All right, one more, All.
Speaker 1: Right, let me give you Akamai Technology, which is a
Speaker 1: stock in the green. So tooker AKAM and those shares
Speaker 1: now up five point nine percent, so nearly six percent.
Speaker 1: Extending some opening games, We did get a couple of
Speaker 1: downgrades for stock today. Price target was cut to one
Speaker 1: seventy five at Susquehanna, but that is still a twenty
Speaker 1: seven percent increase from its last closing price, and inn
Speaker 1: HFBC cutting its recommendation to hold from buy. But we
Speaker 1: heard from the company last week or reported earnings that
Speaker 1: beat estimates and Bloomberg Intelligence analysts seeing the positives, particularly
Speaker 1: in the compute space, which is apparently rapidly emerging as
Speaker 1: a new source of growth for the company, and sales
Speaker 1: are set to pick up a new deals to manage
Speaker 1: AI workflows, including inference, so Green and screen for Acama Technologies.
Speaker 2: Today the Stock Mover's report from Bloomberg Radio. Check back
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