1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:17,200 --> 00:00:19,479 Speaker 1: I'm Carol Master along with Bailey Lipshows. Let's take a 5 00:00:19,480 --> 00:00:22,440 Speaker 1: look at some individual stocks on the move on this Monday. 6 00:00:22,440 --> 00:00:25,599 Speaker 1: With us is Bloomberg News equity supporter Alexandra Semenova. Alex 7 00:00:25,880 --> 00:00:27,960 Speaker 1: We're gonna go to the name that everybody seems to 8 00:00:27,960 --> 00:00:28,680 Speaker 1: be talking about. 9 00:00:28,960 --> 00:00:32,800 Speaker 3: Yeah, well, Broadcom guys, as you mentioned that sell off 10 00:00:32,800 --> 00:00:35,000 Speaker 3: that we got on Friday. Basically old news today and 11 00:00:35,120 --> 00:00:39,280 Speaker 3: artificial intelligence enthusiasm is back and full force. A. Broadcom 12 00:00:39,360 --> 00:00:41,680 Speaker 3: is up about ten percent right now. This is after 13 00:00:41,800 --> 00:00:45,120 Speaker 3: open ai agreed to buy the company's custom chips and 14 00:00:45,320 --> 00:00:48,040 Speaker 3: networking equipment in a multi year deal. This is part 15 00:00:48,040 --> 00:00:51,760 Speaker 3: of a bigger plant by these startup to add AI infrastructure. 16 00:00:51,800 --> 00:00:55,160 Speaker 3: Open Ai will design the hardware and work with Broadcom 17 00:00:55,240 --> 00:00:57,400 Speaker 3: to develop the skier and one of the goals by 18 00:00:57,400 --> 00:00:59,760 Speaker 3: open ai is that it'll take what it's learned so 19 00:00:59,800 --> 00:01:04,319 Speaker 3: far are about AI and develop it very directly. They 20 00:01:04,360 --> 00:01:06,800 Speaker 3: said that we want to take it directly to the hardware, 21 00:01:06,880 --> 00:01:11,560 Speaker 3: unlocking new levels of compatibility and intelligence. The hardware rollout 22 00:01:11,560 --> 00:01:13,440 Speaker 3: should be completed by the end of twenty twenty nine. 23 00:01:13,440 --> 00:01:16,360 Speaker 3: But the interesting part here, of course, is that there's 24 00:01:16,400 --> 00:01:19,119 Speaker 3: no clear details on how open Ai will be paying 25 00:01:19,160 --> 00:01:22,080 Speaker 3: for this, which has been a theme very clearly for 26 00:01:22,240 --> 00:01:22,759 Speaker 3: this before. 27 00:01:23,160 --> 00:01:25,319 Speaker 2: Fun stuff there, though, Alex, what's going on with Curing 28 00:01:25,400 --> 00:01:26,880 Speaker 2: Doctor Pepper another stock in the green? 29 00:01:27,120 --> 00:01:29,560 Speaker 3: Yeah, we just got some news earlier report from the 30 00:01:29,560 --> 00:01:33,000 Speaker 3: Financial Times that Starboard Value had to build a stake 31 00:01:33,480 --> 00:01:36,800 Speaker 3: in the beverage company. Apparently they had started building their 32 00:01:36,840 --> 00:01:40,120 Speaker 3: stake right around when Cura announced it would buy JdE Pete, 33 00:01:40,200 --> 00:01:43,200 Speaker 3: the Dutch company that owns Pete's Coffee. The deal has 34 00:01:43,240 --> 00:01:47,120 Speaker 3: been really unpopular among investors'. Shares of Cure Pepper had 35 00:01:47,160 --> 00:01:49,800 Speaker 3: fallen about twenty six percent since that deal was announced 36 00:01:49,800 --> 00:01:53,760 Speaker 3: in August, So it looks like Starboard is trying to 37 00:01:53,960 --> 00:01:56,960 Speaker 3: kind of restore investor confidence here without making too much 38 00:01:56,960 --> 00:01:57,720 Speaker 3: of a fuss about it. 39 00:01:57,760 --> 00:02:01,080 Speaker 1: All right, takers, KDP just real quickly, JP on the move. 40 00:02:01,120 --> 00:02:03,440 Speaker 1: I love this story. Just got about fifteen twenty Yeah. 41 00:02:03,480 --> 00:02:07,000 Speaker 3: Shelling out one point five trillion dollars into industries that 42 00:02:07,040 --> 00:02:11,080 Speaker 3: bolster US economics, security and resiliency. And a really interesting 43 00:02:11,120 --> 00:02:13,640 Speaker 3: comment from Jamie Diamond. Here, he says that we can't 44 00:02:13,680 --> 00:02:17,000 Speaker 3: rely on other countries for our own national securities, and 45 00:02:17,040 --> 00:02:18,000 Speaker 3: we need to act now. 46 00:02:20,520 --> 00:02:24,560 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 47 00:02:24,639 --> 00:02:27,200 Speaker 2: us throughout the day for the latest roundup of companies 48 00:02:27,280 --> 00:02:30,400 Speaker 2: making news on Wall Street and for the latest market 49 00:02:30,400 --> 00:02:34,880 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 50 00:02:35,000 --> 00:02:38,480 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 51 00:02:38,560 --> 00:02:40,040 Speaker 2: the Bloomberg Business app.