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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Pretty busy

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Speaker 1: morning for individual stocks. Valerie, Let's start off with Amazon.

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Speaker 1: Is Amazon suddenly an Nvidia competitor?

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Speaker 2: Now?

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Speaker 3: Good morning, and good morning Nathan.

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Speaker 4: It's looking like it could post some threat to Nvideo's

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Speaker 4: market share in AI chips. It's rising one point seven

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Speaker 4: percent in the pre market, leading the Mac seven this

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Speaker 4: morning after it was announced that they are in talks

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Speaker 4: to invest ten billion or more in open Ai, and

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Speaker 4: the deal would see open Ai use an Amazon's trainium chips.

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Speaker 4: So this is a big win for Amazon's AI ambitions

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Speaker 4: to compete with the likes of Nvidia in this very competitive,

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Speaker 4: very lucrative.

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Speaker 3: AI chip race.

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Speaker 4: The deal would also value open Ai north of five

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Speaker 4: hundred billion dollars, and we know we're tracking that as

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Speaker 4: there is all of this talk floating around about open

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Speaker 4: Ai potentially ipoing in the next few years. So they've

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Speaker 4: notched up their valuation even further and signed this deal

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Speaker 4: with Amazon, likely using their chips off the back of that.

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Speaker 3: All right, so Amazon's getting a lift this morning.

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Speaker 1: But we got to talk about the biggest decliner among

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Speaker 1: large cap stocks this morning.

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Speaker 3: That would be homebuilder Lenar after all.

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Speaker 4: Yeah, homebuilder Lennar is down four percent in dragging down

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Speaker 4: the whole home building sector with it. We've got Poulti

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Speaker 4: Group down one point four, Toll Brothers down one and

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Speaker 4: a half. And it came after Lonar gave a forecast

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Speaker 4: for the first quarter deliveries and margins that were all

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Speaker 4: below expectations. It also signaled, you know, just some strains

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Speaker 4: in the housing market, and this is despite lower interest

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Speaker 4: rates of late. The builder also posted a lower than

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Speaker 4: expected order number and margins for the current quarter. So

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Speaker 4: Lenar falling four percent and dragging down the sector with it.

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Speaker 1: I mean, while the Warner Brothers Discovery bidding war continues

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Speaker 1: and the latest development seem to be benefiting Netflix for sure.

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Speaker 4: Yeah, we're seeing shares of Netflix up one point seven percent,

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Speaker 4: a double whammy of negative news for paramount sky Dance.

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Speaker 4: The Warner Brothers board is said to be preparing their

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Speaker 4: shareholders to reject the Paramount offer and also comes after

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Speaker 4: news that Jared Kushner's Affinity Fund is pulling its equity

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Speaker 4: that it pledged to the Paramount for the takeover. So

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Speaker 4: this negative news is seeing Paramount skuy Dance down nearly

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Speaker 4: one percent and Warner Brothers is also in the red

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Speaker 4: down one percent. So if it's losing one of the

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Speaker 4: second bidders for its assets, perhaps Warner Brothers won't see

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Speaker 4: Netflix raising their offer in order to win this hostile takeover.

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Speaker 4: So it does seem like Netflix might come out as

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Speaker 4: the leader amid this takeover battle for Warner Brothers Discovery's assets.

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Speaker 1: And apparently this isn't the only deal that we need

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Speaker 1: to keep an eye on. As of Spirit, Frontier Airlines

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Speaker 1: high up back.

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Speaker 4: Again, Yeah, back again for what a second or third

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Speaker 4: time of lost?

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Speaker 3: I've tried to track myself right.

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Speaker 4: Frontier Airlines is up nearly nine percent off the back

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Speaker 4: of this news that Spirit Airlines is in revived discussions

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Speaker 4: to merge with Frontier that would save Spirit Airlines from insolvency.

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Speaker 4: Spirit Airlines announced their second bankruptcy in less than a

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Speaker 4: year back in August. Now, if these two airlines do

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Speaker 4: combine it would be the fifth largest airline in the

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Speaker 4: US based on miles flown. Frontier is also rebounding though

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Speaker 4: from something that happened yesterday. They had an announcement that

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Speaker 4: they were replacing their CEO, and the stocks lilid eleven percent.

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Speaker 4: So some of this you can read as perhaps a

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Speaker 4: rebound from that negative news, but there is also looks

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Speaker 4: like it a good deal that could be announced in

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Speaker 4: between Frontier and Spirit Airlines.

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Speaker 1: And finally, Valerie got to keep it eye on the

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Speaker 1: defense stocks because it looks like President Trump's got his

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Speaker 1: eye on them as well.

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Speaker 4: Yeah, this is an interesting one. We're seeing Lockey down

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Speaker 4: one and a half percent in North Throughout, Gunman down

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Speaker 4: one percent after some news that the Trump administration is

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Speaker 4: said to be weighing an executive order to pressure defense

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Speaker 4: contractors to spend less on buybacks and dividends and invest

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Speaker 4: more in products.

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Speaker 3: It's the latest effort by the White.

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Speaker 4: House to fix the issue around slope your curement process

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Speaker 4: for the Department of War. And there are big questions

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Speaker 4: though whether Trump does have an ability to enforce such

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Speaker 4: an order. It's an extraordinary intrusion by the US government

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Speaker 4: into corporate adfairs.

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Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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