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 1: I'm Carol Masser along with Tims Jenevick. Let's take a
Speaker 1: look at some stocks on the move this week. We're
Speaker 1: joined by Bloomberg cross At reporter Isabelle Lee. So god,
Speaker 1: there was so much coming at.
Speaker 3: Us this week, so much, but we have to talk
Speaker 3: about Intel. The stock is up more than twenty percent
Speaker 3: this week, so optimism was just really everywhere after Nvidia
Speaker 3: agreed to invest around five billion dollars in Intel, and
Speaker 3: they said that both of them will code develop chips
Speaker 3: for PCs and data centers. So this is a surprise
Speaker 3: move from Nvidio because they're really helping an ailing arch rival,
Speaker 3: and of course you can imagine Intel Intel shares just jumping.
Speaker 3: So Intel said it will use in Video's graphics technology
Speaker 3: in upcoming PC chips and provide processors for data centers.
Speaker 3: So the agreement is expected to help both of them
Speaker 3: because of course both of them can't really reached the
Speaker 3: entire market, but it will help them reach markets that
Speaker 3: they haven't reached.
Speaker 4: Just yet.
Speaker 3: And again, I think this just really speaks to invidious power.
Speaker 1: It's like one of those moments you complete me.
Speaker 4: Yes, Video is saying to Intel you complete me. Jerry
Speaker 4: Maguire help saying to Video you complete me.
Speaker 2: Yes.
Speaker 3: That's what marriage is supposed to be, I guess, or
Speaker 3: any kind of partnership. This isn't the different.
Speaker 4: I have a different view on this. Oh yeah, It's
Speaker 4: like it's a very savvy move by in Video. I think,
Speaker 4: you know, think about who one of the largest owners
Speaker 4: of Intel is right now, it's the US government. What
Speaker 4: happens if in Nvidia makes this commitment, a five billion
Speaker 4: dollar commitment to this company. I like, this guts up,
Speaker 4: it does sense. But I will say, to push back
Speaker 4: on my own comment, we spoke to Ed Ludlow all
Speaker 4: about this at one point this week, and he had
Speaker 4: spoken and heard from Jensen Wong and Bhutan and uh.
Speaker 4: The the story is that this was in this this
Speaker 4: was into discussions before the US even took the stake.
Speaker 4: So it's like you said, it's strange, bedfellows, but.
Speaker 3: It's right, and it's a pragmatic approach by Intel to
Speaker 3: just really go along with it. But also just is
Speaker 3: a show of force on how Nvidia can really dictate
Speaker 3: what goes on in the industry based on their sheer size.
Speaker 1: No, it's a really good point. It's like it almost
Speaker 1: feels like all roads lead back to Nvidia in so
Speaker 1: many different ways, all right, from Intel to another tech
Speaker 1: name that I feel like has been on our radar
Speaker 1: the last couple of weeks, but then like late Friday
Speaker 1: really came on our radar.
Speaker 4: That's Oracle.
Speaker 3: Ticker is ourcl So it's up five percent for the week,
Speaker 3: but the boost was really on Friday, and the stock
Speaker 3: was up on Friday four percent. So Oracle is said
Speaker 3: to be in talx with Meta for a cloud computing
Speaker 3: deal worth around twenty billion dollars. So under this multi
Speaker 3: year deal, Oracle would be providing Meta with computer computing
Speaker 3: power for training and deploying AI models. That's according to
Speaker 3: people familiar with the matter. So the total commitment amount
Speaker 3: may increase, of course, but it's not final yet. But
Speaker 3: the contract would add to a series of wins for Oracle,
Speaker 3: and it's generally cloud computing business. So last week we
Speaker 3: know that Oracle reported huge increase in bookings, and of
Speaker 3: course that push it push it stocked on all time
Speaker 3: high and made Larry Ellison for a brief moment the
Speaker 3: richest person.
Speaker 4: Honors Elon's backup on top.
Speaker 3: I know, I know, it's just really staggering when I
Speaker 3: imagine their wealth, But that's another story.
Speaker 4: I think even though he's the second, I think he's okay.
Speaker 4: I think Larry's he's okay.
Speaker 2: Damn.
Speaker 3: Even if you're in the one hundredth list, even in
Speaker 3: your one thousand, I think that's okay.
Speaker 4: Okay, thank you for that clarification.
Speaker 1: It's kind of wild, you know. I took a look
Speaker 1: at Oracle because, like we've talked about what a run
Speaker 1: as had year to date here, but if you go
Speaker 1: back to kind of the middle late portion of April,
Speaker 1: stock is up one hundred and fifty one.
Speaker 4: Pretty sent Yeah.
Speaker 1: Yeah, And I feel like we've been talking about Oracle
Speaker 1: so much and how it's really been, you know, working
Speaker 1: on beefing up its AI cloud business.
Speaker 4: Listen, if you're the richest or the second richest person
Speaker 4: in the world, you can afford a lot of all
Speaker 4: you can eat breadsticks from Olive Garden. I love this
Speaker 4: seg Are they all you can eat?
Speaker 3: I don't know.
Speaker 4: Only I take salad and I have.
Speaker 1: To say when my dad, he used to love this
Speaker 1: in his older age because I think you can get
Speaker 1: all the salad you want, the breadsticks. It was really
Speaker 1: sweet and had soup and I don't know, it was kind.
Speaker 4: Of a fall.
Speaker 3: So the stock we're talking about is Darden Restaurants. Take
Speaker 3: our dri I and I picked this because it's down
Speaker 3: for the week, it's down twelve percent. So Darden Restaurants
Speaker 3: reported disappointing first quarter fiscal results on Thursday, So this
Speaker 3: prompted a slew of analysts to really just slash their
Speaker 3: price targets, from Barclays to Bairds. So Darden owns one
Speaker 3: of the fan faded restaurants like Olive Garden. I've been
Speaker 3: to one and Longhorn. I haven't been to one. Have
Speaker 3: you guys been to.
Speaker 4: I've never been to Longhorn. Olive Garden absolutely.
Speaker 1: Yeah, totally wall.
Speaker 3: Is there an Olive Garden in New York? I don't
Speaker 3: think I was in New York when I.
Speaker 4: I have not been to one in New York. Yeah,
Speaker 4: they're used. I believe there used to be. I don't know.
Speaker 4: I'm not even gonna say it. I don't want to
Speaker 4: get it wrong.
Speaker 1: Okay, I just have to tell you they used to
Speaker 1: have this meal was like the tour of Italy, and
Speaker 1: I think it was like a little bit of either
Speaker 1: eight plant palm and a little maybe a little I'm
Speaker 1: getting hungry cat get like three like different things.
Speaker 3: Okay, I was all it that sounds yummy, because I'm
Speaker 3: glad you brought that up. Because one of the news
Speaker 3: that came out was also that all of Garden will
Speaker 3: have smaller portioned, lower priced entrees, and of course that
Speaker 3: reflects broader shift and dining. Millions of Americans are taking
Speaker 3: weight loss drugs and also just really not going out
Speaker 3: to eat because it's expensive. But I like this because
Speaker 3: I always tell my husband sometimes I wish restaurants would
Speaker 3: offer half a portion, even if they make it more expensive,
Speaker 3: like let's say a whole dish is twenty dollars, and
Speaker 3: if half a twelve dollars, I'd still take it because
Speaker 3: more than spending twenty dollars, it's I just feel like
Speaker 3: I'm wasting so much treat.
Speaker 1: You take it home, you take it off the forest,
Speaker 1: and the next day or a little puppy gets up.
Speaker 4: I like it because then you know, when my wife
Speaker 4: doesn't finish the food. She just sees me staring at it,
Speaker 4: and she just pushes you are it's like human, like
Speaker 4: a human garbage disposal. That's what you can.
Speaker 3: That's good I get. I think the So it happens
Speaker 3: with when you have little kids too. They say, yeah, right,
Speaker 3: interested everything.
Speaker 1: Darton, as you said, down thirteen percent this week, So
Speaker 1: a little bit of a bummer. You are always a pleasure.
Speaker 1: Isabell Lee. She's a Bloomberg Crossasset reporter, joining us with
Speaker 1: Stocks on the Move this.
Speaker 2: Past week the Stock Movers Report from Bloomberg Radio. Check
Speaker 2: back with us throughout the day for the latest roundup
Speaker 2: of companies making news on Wall Street and for the
Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch
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