1 00:00:00,080 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios Podcasts, Radio News. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,280 --> 00:00:20,840 Speaker 1: Well, I'm Tim Stanebeck along with Carol Masser. Let's take 5 00:00:20,880 --> 00:00:23,159 Speaker 1: a look at some stocks on the move today. We 6 00:00:23,200 --> 00:00:28,000 Speaker 1: are joined now by Bloomberg News cross Asset reporter Emily GRIFFEO, Emily, 7 00:00:28,040 --> 00:00:29,560 Speaker 1: you got a lot to chew. You had a lot 8 00:00:29,600 --> 00:00:32,040 Speaker 1: to choose from in today's session. What caught your eye? 9 00:00:32,080 --> 00:00:34,960 Speaker 3: I did, and I picked like the most talked about 10 00:00:35,000 --> 00:00:38,320 Speaker 3: stock on Wall Street, But it moved up a lot today. 11 00:00:38,400 --> 00:00:41,720 Speaker 3: I'm talking about shares of Nvidia, the chip company. It 12 00:00:41,840 --> 00:00:45,200 Speaker 3: was up as much as six point seven percent after 13 00:00:45,280 --> 00:00:49,120 Speaker 3: CEO Jensen Wong announced the company will send semiconductors to 14 00:00:49,200 --> 00:00:54,080 Speaker 3: Saudio Arabian AI company Humane for a data center build out. 15 00:00:54,240 --> 00:00:57,160 Speaker 3: So data centers. That's a really big area for any 16 00:00:57,200 --> 00:01:01,480 Speaker 3: companies focused on AI because you need data centers to 17 00:01:01,760 --> 00:01:04,800 Speaker 3: power AI processes. And this is all part of a 18 00:01:04,840 --> 00:01:09,600 Speaker 3: Trump administration initiative that lifts previous restrictions on shipping advanced 19 00:01:09,600 --> 00:01:11,880 Speaker 3: AI capabilities to the region. 20 00:01:12,200 --> 00:01:16,240 Speaker 4: Just gonna say, right, Jensen, there he announcing it right 21 00:01:16,360 --> 00:01:19,520 Speaker 4: at the Saudi US Investment Forum in riod so down 22 00:01:19,800 --> 00:01:23,080 Speaker 4: on the ground with the president and some other you know, 23 00:01:23,160 --> 00:01:25,320 Speaker 4: top business leaders. But this is that was a pretty 24 00:01:25,319 --> 00:01:26,520 Speaker 4: big announcement. 25 00:01:26,720 --> 00:01:29,440 Speaker 3: Yeah, it was. And the Trump administration is, at least 26 00:01:29,480 --> 00:01:33,200 Speaker 3: according to Bloomberg's reporting, they plan to overhaul regulations on 27 00:01:33,280 --> 00:01:37,319 Speaker 3: the export of semiconductors used in AI. This is a 28 00:01:37,360 --> 00:01:40,000 Speaker 3: big win for companies like in video, because they're tossing 29 00:01:40,000 --> 00:01:42,920 Speaker 3: out a Biden error approach that had a lot of 30 00:01:43,000 --> 00:01:46,120 Speaker 3: objections from US allies and companies, including in video. 31 00:01:46,440 --> 00:01:48,600 Speaker 4: All right, can we talk about. 32 00:01:49,800 --> 00:01:55,120 Speaker 1: You own coinbase, you owned. 33 00:01:53,120 --> 00:01:56,080 Speaker 4: Crypto, you own crypto, you own you know. 34 00:01:56,560 --> 00:02:00,640 Speaker 1: I will say, well, Emily, you go ahead and you 35 00:02:00,720 --> 00:02:03,520 Speaker 1: know all annoy Carrol Mas. 36 00:02:03,560 --> 00:02:08,000 Speaker 4: This is definitely one of the mega winners in today's session. 37 00:02:07,920 --> 00:02:08,920 Speaker 4: It is mega gainers. 38 00:02:08,919 --> 00:02:09,799 Speaker 3: I guess Coinbase. 39 00:02:10,160 --> 00:02:11,639 Speaker 4: If you were shorting it, you didn't feel like you're 40 00:02:11,639 --> 00:02:12,079 Speaker 4: a winner. 41 00:02:12,240 --> 00:02:15,240 Speaker 3: No, But if you were long it, or if you're 42 00:02:15,240 --> 00:02:17,360 Speaker 3: trying to get in on the trade before it's actually 43 00:02:17,440 --> 00:02:19,600 Speaker 3: added into the S and P five hundred, you made 44 00:02:19,600 --> 00:02:21,960 Speaker 3: some money today. The stock was up finished the day 45 00:02:22,000 --> 00:02:25,200 Speaker 3: up twenty four percent. It was announced after the close 46 00:02:25,680 --> 00:02:27,959 Speaker 3: yesterday that this company's being added to the S and 47 00:02:28,040 --> 00:02:32,840 Speaker 3: P five hundred index, the world's arguably most famous index. 48 00:02:32,919 --> 00:02:36,280 Speaker 3: This is the first crypto company to be added to 49 00:02:36,320 --> 00:02:39,480 Speaker 3: the SMP so it's a big milestone all of the 50 00:02:39,520 --> 00:02:43,760 Speaker 3: Coinbase execs. Brian Armstrong, he kind of tweeted like a 51 00:02:43,880 --> 00:02:46,600 Speaker 3: victory lap, so go look at his tweets on Twitter 52 00:02:47,919 --> 00:02:50,280 Speaker 3: or x. But yeah, this is a lot of what 53 00:02:50,320 --> 00:02:53,080 Speaker 3: we're seeing now is what traders call the index effect. 54 00:02:53,560 --> 00:02:56,560 Speaker 3: So they anticipate that passive funds that have to track 55 00:02:56,639 --> 00:02:59,280 Speaker 3: the S and P five hundred closely will actually have 56 00:02:59,320 --> 00:03:01,560 Speaker 3: to buy the stock on the date gets added to 57 00:03:01,600 --> 00:03:04,519 Speaker 3: the index. That's not for another week, so a lot 58 00:03:04,560 --> 00:03:07,520 Speaker 3: of hedge funds arbitragers will try and buy the stock 59 00:03:07,720 --> 00:03:09,960 Speaker 3: before that, anticipating that there'll be a lot of buying 60 00:03:09,960 --> 00:03:10,359 Speaker 3: in a week. 61 00:03:10,480 --> 00:03:13,440 Speaker 4: I mean, prior to this, the stock was down a lot. 62 00:03:13,880 --> 00:03:17,240 Speaker 3: Yeah. Yeah, it's been like it's been kind of a 63 00:03:17,280 --> 00:03:22,880 Speaker 3: wild ride for crypto this year because like these companies 64 00:03:22,880 --> 00:03:26,120 Speaker 3: were supposed to do really well after Trump won the election. 65 00:03:27,000 --> 00:03:29,639 Speaker 3: They obviously now are with this stock up a lot 66 00:03:29,720 --> 00:03:31,440 Speaker 3: and being added to the S and P five hundred, 67 00:03:31,639 --> 00:03:33,560 Speaker 3: But it was not a straight line up. 68 00:03:33,600 --> 00:03:36,080 Speaker 1: It hasn't been like an I'm just looking at the 69 00:03:36,880 --> 00:03:40,440 Speaker 1: forever chart. Yeah, going back to twenty twenty one, a 70 00:03:40,480 --> 00:03:42,520 Speaker 1: hard chart maybe even goes back to all the way 71 00:03:42,560 --> 00:03:46,200 Speaker 1: to yeah, even yeah, the early twenty twenty one. Yeah, 72 00:03:46,240 --> 00:03:48,200 Speaker 1: it's still twenty eight percent off of the all time 73 00:03:48,280 --> 00:03:52,000 Speaker 1: highs that it reached back in November of twenty twenty one. 74 00:03:52,240 --> 00:03:53,680 Speaker 3: Yeah, it depends how you look at it, because over 75 00:03:53,720 --> 00:03:56,120 Speaker 3: the last two years it's up something like two hundred 76 00:03:56,120 --> 00:03:59,480 Speaker 3: and seventy percent depending on when you got in. It's 77 00:03:59,600 --> 00:04:00,000 Speaker 3: just one of the. 78 00:04:00,840 --> 00:04:03,200 Speaker 4: Plice at different points, right and get a different picture. 79 00:04:03,880 --> 00:04:06,720 Speaker 4: Let's talk about super micro because that also serves in 80 00:04:06,760 --> 00:04:07,520 Speaker 4: today's session. 81 00:04:07,720 --> 00:04:10,920 Speaker 3: Yes, so that stock was up at least over eight 82 00:04:11,040 --> 00:04:14,840 Speaker 3: percent at one point on the day. I'm just getting 83 00:04:14,840 --> 00:04:16,920 Speaker 3: that to load. Yeah, I'd actually finished the day up 84 00:04:16,960 --> 00:04:21,040 Speaker 3: sixteen percent. They had an outperform rating at Raymond James, 85 00:04:21,040 --> 00:04:24,440 Speaker 3: so they initiated coverage at Raymond Jane. The broker said 86 00:04:24,680 --> 00:04:27,840 Speaker 3: super microcomputer has emerged as a market leader in AI 87 00:04:28,440 --> 00:04:31,599 Speaker 3: optimized infrastructure. I mean, that's kind of all you really 88 00:04:31,680 --> 00:04:36,360 Speaker 3: need to hear. All in, they set a price target 89 00:04:36,360 --> 00:04:39,080 Speaker 3: of forty one dollars, which now with today's rise, it's 90 00:04:39,360 --> 00:04:42,120 Speaker 3: pretty close to that. So maybe Raymond James is going 91 00:04:42,160 --> 00:04:44,599 Speaker 3: to have to come back and up that price target 92 00:04:44,600 --> 00:04:47,560 Speaker 3: because now the stock is at like almost thirty nine dollars. 93 00:04:48,960 --> 00:04:53,080 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 94 00:04:53,200 --> 00:04:55,960 Speaker 2: us throughout the day for the latest roundup of companies 95 00:04:56,000 --> 00:04:59,040 Speaker 2: making news on Wall Street and for the latest market 96 00:04:59,080 --> 00:05:03,400 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 97 00:05:03,480 --> 00:05:06,719 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 98 00:05:06,800 --> 00:05:08,240 Speaker 2: the Bloomberg Business app.