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 --> 00:00:16,960 Speaker 2: in the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:18,880 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,920 --> 00:00:22,560 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel, who's got 6 00:00:22,560 --> 00:00:25,560 Speaker 3: her eye this morning on mining stocks after one of 7 00:00:25,560 --> 00:00:28,360 Speaker 3: the biggest mining deals in more than a decade. 8 00:00:28,400 --> 00:00:30,200 Speaker 2: Good morning, val Hey, Good morning Nathan. 9 00:00:30,280 --> 00:00:33,240 Speaker 1: Yes, the biggest, one of the biggest deals in over 10 00:00:33,360 --> 00:00:37,360 Speaker 1: a decade, and both of these companies are cheering this announcement. 11 00:00:37,400 --> 00:00:42,040 Speaker 1: Anglo American up nine percent in London trade. Tech Resources 12 00:00:42,080 --> 00:00:45,320 Speaker 1: in pre market up near fifteen percent on this merger. 13 00:00:45,680 --> 00:00:50,239 Speaker 1: Confirmation that Anglo American has agreed to acquire Canada's Tech Resources, 14 00:00:50,520 --> 00:00:54,560 Speaker 1: one of the biggest mining deals could potentially reshape the landscape. 15 00:00:54,600 --> 00:00:59,440 Speaker 1: The deal gives Anglo access to Tech's much coveted portfolio 16 00:00:59,480 --> 00:01:02,440 Speaker 1: of copper as comes after a period where actually both 17 00:01:02,440 --> 00:01:05,840 Speaker 1: of these companies have been acquisition targets for those eyeing 18 00:01:05,959 --> 00:01:10,000 Speaker 1: their copper production. They both fought off acquisitions in the 19 00:01:10,040 --> 00:01:14,720 Speaker 1: recent year. Anglo fought off BHP, while Glencore unsuccessfully tried 20 00:01:14,760 --> 00:01:18,200 Speaker 1: to buy tech two years ago. The increased activity around 21 00:01:18,280 --> 00:01:20,880 Speaker 1: the mining space has largely been driven by the desire 22 00:01:20,959 --> 00:01:24,280 Speaker 1: to expand production of copper that's a metal essential to 23 00:01:24,319 --> 00:01:27,840 Speaker 1: battery production and to the energy transition. The combined company 24 00:01:27,840 --> 00:01:31,000 Speaker 1: will be called Anglo Tech and based in Vancouver, but 25 00:01:31,080 --> 00:01:34,800 Speaker 1: this is of course pending much needed regulatory approval from 26 00:01:34,800 --> 00:01:35,840 Speaker 1: both sides at the Atlantic. 27 00:01:36,160 --> 00:01:40,039 Speaker 3: Okay, so we know that tech resources is spelled teck. 28 00:01:41,040 --> 00:01:44,959 Speaker 3: Let's talk about tech stocks as in tech because one 29 00:01:44,959 --> 00:01:50,360 Speaker 3: of the biggest upside movers this morning is Nebius Group. 30 00:01:50,480 --> 00:01:53,240 Speaker 3: Not one we talk about too often, but definitely talking 31 00:01:53,280 --> 00:01:54,080 Speaker 3: about it this morning. 32 00:01:54,280 --> 00:01:58,240 Speaker 1: Yeah, it is surging on a Microsoft AI cloud deal. 33 00:01:58,360 --> 00:02:02,800 Speaker 1: Nebius up fifty one percent in pre market trade. It's 34 00:02:02,840 --> 00:02:06,800 Speaker 1: a Dutch AI infrastructure company based in the Netherlands, listed 35 00:02:06,800 --> 00:02:09,600 Speaker 1: in the US, but most importantly they signed a five 36 00:02:09,800 --> 00:02:13,880 Speaker 1: year AI cloud deal with Microsoft to provide infrastructure capacity 37 00:02:14,200 --> 00:02:17,080 Speaker 1: from a new data center out in New Jersey. The 38 00:02:17,160 --> 00:02:21,320 Speaker 1: deal is valued as as much as nineteen billion dollars, 39 00:02:21,360 --> 00:02:25,800 Speaker 1: with the capacity expected to be starting delivery later this year. 40 00:02:25,880 --> 00:02:28,560 Speaker 1: So maybe not hot talked about company, but it sure 41 00:02:28,680 --> 00:02:31,679 Speaker 1: is a industry that is heating up when it comes 42 00:02:31,720 --> 00:02:36,400 Speaker 1: to providing this AI hungry infrastructure with the much needed 43 00:02:36,400 --> 00:02:37,200 Speaker 1: power behind it. 44 00:02:37,480 --> 00:02:40,840 Speaker 3: Now, another tech name is not doing so well in 45 00:02:41,040 --> 00:02:43,560 Speaker 3: pre market. Let's talk about what's happening with Dell Computer. 46 00:02:44,000 --> 00:02:45,239 Speaker 1: Yeah, this is a bit of an interesting one in 47 00:02:45,240 --> 00:02:47,639 Speaker 1: the reshuffle at the top, and Dell is down one 48 00:02:47,680 --> 00:02:51,520 Speaker 1: percent in pre market trade. The CFO has resigned after 49 00:02:51,600 --> 00:02:54,280 Speaker 1: two years at the helm, but analysts note it's quite 50 00:02:54,320 --> 00:02:57,480 Speaker 1: odd timing, given they've just released results and they're coming 51 00:02:57,560 --> 00:03:00,639 Speaker 1: up to their annual investor meeting. The piece Seemaker, though, 52 00:03:00,680 --> 00:03:03,160 Speaker 1: said in a statement that her departure has nothing to 53 00:03:03,200 --> 00:03:07,440 Speaker 1: do with disagreements over financial statements or financial reporting, and 54 00:03:07,480 --> 00:03:10,960 Speaker 1: to give some confidence to investors, Dell did reaffirm its 55 00:03:10,960 --> 00:03:14,720 Speaker 1: full year guidance in a statement yesterday evening. So Dell's 56 00:03:14,760 --> 00:03:17,200 Speaker 1: just suffering a bit from the CFO reshuffle, down one 57 00:03:17,240 --> 00:03:18,640 Speaker 1: percent in pre market trade. 58 00:03:18,680 --> 00:03:21,680 Speaker 3: And now we're waiting for Oracle to report results after 59 00:03:21,720 --> 00:03:23,960 Speaker 3: the bell today, but it's already making some news as well. 60 00:03:24,240 --> 00:03:27,079 Speaker 1: Yeah, Oracle up one percent in pre market trade. Yes, 61 00:03:27,120 --> 00:03:30,000 Speaker 1: we get earnings after the bell, but ahead of those earnings, 62 00:03:30,000 --> 00:03:34,600 Speaker 1: a report from the Information involves management discussing eliminating cash 63 00:03:34,720 --> 00:03:38,280 Speaker 1: raises and cash bonuses to help offset the cash it 64 00:03:38,400 --> 00:03:41,640 Speaker 1: needs on guess what data center spending, So it does 65 00:03:41,720 --> 00:03:45,240 Speaker 1: sound like they're going all in. We've also seen some 66 00:03:45,280 --> 00:03:48,520 Speaker 1: recent upgrades from the street. Both Barclay's and City recently 67 00:03:48,640 --> 00:03:51,360 Speaker 1: raise their price targets this week ahead of their earnings 68 00:03:51,400 --> 00:03:53,280 Speaker 1: later this evening. That could perhaps give us some more 69 00:03:53,320 --> 00:03:55,840 Speaker 1: insight into cloud computing and data services. 70 00:03:57,040 --> 00:04:01,080 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 71 00:04:01,160 --> 00:04:03,720 Speaker 2: us throughout the day for the latest roundup of companies 72 00:04:03,800 --> 00:04:06,880 Speaker 2: making news on Wall Street and for the latest market 73 00:04:06,920 --> 00:04:11,400 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 74 00:04:11,480 --> 00:04:14,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 75 00:04:15,040 --> 00:04:16,520 Speaker 2: the Bloomberg Business app.