WEBVTT - Oracle Capital Expenses; Micron Jumps; Alibaba and JD.com Slide

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

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

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

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

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg Stan Curtis on a

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<v Speaker 1>comeback morning for the market. Except for Oracle.

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<v Speaker 3>Good morning, Dan, Good morning, Nathan. Oracle shares are down

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<v Speaker 3>eight percent in the pre market underticker OARCL as the

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<v Speaker 3>AI company raises its capex projections for the current fiscal

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<v Speaker 3>year to seventy billion dollars. It does that whilst maintaining

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<v Speaker 3>its revenue outlook for the period at ninety billion dollars.

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<v Speaker 3>That's basically saying the company is seeing itself spending more

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<v Speaker 3>to make the same amount of revenue. The CFO said

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<v Speaker 3>that this was that the higher capex was driven due

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<v Speaker 3>to demand to prepay some components and in order to

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<v Speaker 3>fuel all the spending. The company plans to forty billion

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<v Speaker 3>dollars this year, half of which was already announced in

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<v Speaker 3>a share sale that will be coming up. All of

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<v Speaker 3>those figures overshadowing the fiscal four quarter revenue rising twenty

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<v Speaker 3>one percent and earning speeding esimates this stock taking a

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<v Speaker 3>hit in the pre market.

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<v Speaker 1>Well, Oracle may be taking a hit, but memory stocks

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<v Speaker 1>are on the comeback trail.

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<v Speaker 3>Dan, that's right, and I have my eyes particularly on Micron,

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<v Speaker 3>which is up three percent ticker MU and sand disc

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<v Speaker 3>SNDK up five percent in the pre market. There's a

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<v Speaker 3>few different stories going on here. First off, we do

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<v Speaker 3>have that Oracle CAPEC story, this company spending more money

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<v Speaker 3>and where will that go into the companies that make

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<v Speaker 3>the hardware that goes into all the AI servers and

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<v Speaker 3>that includes the memory space. We also have Morgan Stanley

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<v Speaker 3>out with a note saying memory stocks can move higher

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<v Speaker 3>after correcting that note was primarily focused on two big

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<v Speaker 3>Koreean memory makers, Samsung and sk Heinex, but Morgan Stanley

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<v Speaker 3>noting that memory is still the main bottleneck in the

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<v Speaker 3>AI build out, so it sees demand in the space.

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<v Speaker 3>Micron is the other part of the big three. So

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<v Speaker 3>you have those two big Korean companies, Micron another part

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<v Speaker 3>of the big three, so this demand could be playing out.

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<v Speaker 3>And also after a few days drops, we're seeing from

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<v Speaker 3>some appetite coming back into buy these stocks.

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<v Speaker 1>Well, along with the earning story. Dan, we've got some

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<v Speaker 1>deal news as well for Data and Eaton's Mobility.

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<v Speaker 3>That's right, So ETN for Eaton is up two percent.

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<v Speaker 3>Data is now down six percent in the pre market

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<v Speaker 3>ticker d AN. The Eaton is going to separate out

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<v Speaker 3>its mobility group, which will then combine with Data. Dana

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<v Speaker 3>sees this delivering synergies within two years, and it is

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<v Speaker 3>boosting its twenty thirty target to fourteen to fifteen billion dollars.

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<v Speaker 3>The deal values Eaton Mobility at about five billion dollars.

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<v Speaker 3>The combined company is seen worth about ten billion dollars

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<v Speaker 3>in enterprise, and Eaton shareholders will control the company with

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<v Speaker 3>a stake of at least fifty point one percent. Data

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<v Speaker 3>shareholders get the remainder. Initially we had Data shares up

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<v Speaker 3>off of this. Those have now reversed now down in

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<v Speaker 3>the pre market almost six percent.

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<v Speaker 1>And finally, Dan, of course, we're getting closer to the

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<v Speaker 1>pricing of the spacexipo. How our space related stocks doing

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<v Speaker 1>in the pre market.

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<v Speaker 3>Yeah, we're keeping our eye on this, on the halo

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<v Speaker 3>effect around spacexipo, and they are up. So some of

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<v Speaker 3>the big names. Redwire took our RDW up five percent,

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<v Speaker 3>ast Space Mobile up four and a half percent, Rocket

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<v Speaker 3>Lab up four percent. There's a lot of anticipation around

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<v Speaker 3>SpaceX and what it can do for the entire space

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<v Speaker 3>pun intended, and it's lifting up those shares. In general,

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<v Speaker 3>these stocks are doing well. Redwire up nearly one hundred

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<v Speaker 3>percent on the year, but there's been a pull back

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<v Speaker 3>forty thirty to forty percent in most of these names.

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<v Speaker 3>Some buying ahead of that IPO.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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