WEBVTT - Intel Drops, EBay Falls, and Akamai Up After Positive Earnings

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at it some of the stocks

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<v Speaker 2>on the move today.

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<v Speaker 1>We can do that with Christina Kino, managing enter for

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<v Speaker 1>Markets Live, joining us here in studio. Christine, what are

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<v Speaker 1>you looking at today? All right, well, let's kick it

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<v Speaker 1>off with Intel ticker I NTC definitely one of the

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<v Speaker 1>stocks in the red this morning. That is because we

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<v Speaker 1>did get news about the company offering fifteen billion dollars

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<v Speaker 1>in common stock. Apparently the proceeds will be used for

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<v Speaker 1>general carport purposes, and they're saying Enterstainment that there is

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<v Speaker 1>progress in emergent areas including physical AI, purpose built silicon,

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<v Speaker 1>advanced packaging, and external Wayfirst that represents significant growth opportunities

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<v Speaker 1>for Intel. But of course, the share move today a

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<v Speaker 1>negative one, probably speaks to a lot of investor concerns

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<v Speaker 1>around the dilution of existing shares and really what the

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<v Speaker 1>returns are going to be in a process of raising

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<v Speaker 1>this money. But we do have Bloomberg Intelligence analyst Robert

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<v Speaker 1>Schiffman weighing in on this the proceeds will provide substantial

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<v Speaker 1>capacity to fund AI foundry and other projects without adding leverage.

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<v Speaker 1>So perhaps that's a good thing for some of the bondholders,

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<v Speaker 1>but not a positive reception from our stockholders. Here, all right, Christine,

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<v Speaker 1>what else are you looking at this morning? Are we?

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<v Speaker 1>Let's take a look at eBay, another stock in the

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<v Speaker 1>red this morning, so ticker e b a Y. Those

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<v Speaker 1>hairs are now down more than four percent, and that's

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<v Speaker 1>because we did get us a game Stop is apparently

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<v Speaker 1>considering with rawing its fifty six billion dollar bid for eBay,

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<v Speaker 1>so instead, games Op CEO Ryan Cohen is proposing a

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<v Speaker 1>partnership or a joint venture that would allow EBA to

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<v Speaker 1>leverage game stocks roughly sixteen hundred US retail locations.

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<v Speaker 2>Now.

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<v Speaker 1>Gamesop, we know, is one of eBay's largest shareholders, so

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<v Speaker 1>they would probably also seek representation on eBay's board. This

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<v Speaker 1>is according to exclusive reporting by Bloomberg.

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<v Speaker 2>All right, one more, All.

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<v Speaker 1>Right, let me give you Akamai Technology, which is a

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<v Speaker 1>stock in the green. So tooker AKAM and those shares

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<v Speaker 1>now up five point nine percent, so nearly six percent.

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<v Speaker 1>Extending some opening games, We did get a couple of

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<v Speaker 1>downgrades for stock today. Price target was cut to one

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<v Speaker 1>seventy five at Susquehanna, but that is still a twenty

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<v Speaker 1>seven percent increase from its last closing price, and inn

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<v Speaker 1>HFBC cutting its recommendation to hold from buy. But we

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<v Speaker 1>heard from the company last week or reported earnings that

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<v Speaker 1>beat estimates and Bloomberg Intelligence analysts seeing the positives, particularly

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<v Speaker 1>in the compute space, which is apparently rapidly emerging as

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<v Speaker 1>a new source of growth for the company, and sales

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<v Speaker 1>are set to pick up a new deals to manage

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<v Speaker 1>AI workflows, including inference, so Green and screen for Acama Technologies.

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<v Speaker 2>Today the Stock Mover's report from Bloomberg Radio. Check back

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