Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Staneveek with Emily Grafea. We're joined by Bloomberg
Speaker 1: Television Markets correspondent Nora Melinda, what do you watch? And Nora,
Speaker 1: there's a lot moving, There's a lot.
Speaker 3: To pick from today. I'm looking at some deal news,
Speaker 3: so I'm looking at shares of Taylor Morrison. They're surging
Speaker 3: for their best day since twenty twenty. Now, this is
Speaker 3: after some news involving Berkshire Hathaway plans to acquire Taylor
Speaker 3: Morrison Home in an all cash deal. It's worth about
Speaker 3: almost nearly seven billion dollars. Now, of course we do
Speaker 3: know that Berkshire Hathaway does have involvement in the real
Speaker 3: estate space, but this is really underscoring the home building
Speaker 3: sector more broadly, in an emphasis in that space for
Speaker 3: the company. We know the deal is expected to close
Speaker 3: in the second half of twenty twenty six, and it
Speaker 3: should unify Berkshire's site built home build bilding operations in
Speaker 3: a combined platform, so it'll be a pretty massive undertaking
Speaker 3: and a great deal for Berkshire clearly.
Speaker 1: Well the first multi billion dollar acquisition under Greg Abel.
Speaker 1: He took over his Berkshire Hathaway after legendary investor Warren
Speaker 1: Buffett retired last year. Though home builder stocks have underperformed,
Speaker 1: mortgage rates have hit the highest going back to August.
Speaker 1: So it's an interesting move in a time when it
Speaker 1: seems like the housing market is really at a standstill.
Speaker 3: Absolutely. If you take a look at S one to
Speaker 3: five Home, that's an index that tracks some of the
Speaker 3: US home builders, it's down about two point three percent
Speaker 3: so far year to date. We know that this is
Speaker 3: an industry that had surge prior to the rate hikes
Speaker 3: that we were seeing before. So interesting as you think
Speaker 3: about the broader landscape and how it affects the consumer
Speaker 3: and whether or not people are actually out there buying
Speaker 3: houses right now at this time.
Speaker 4: Okay, And one company that's basically been on a straight
Speaker 4: ride up for the last several years is in Vidia,
Speaker 4: and it's on the move again today.
Speaker 3: Yes, on the move again. Looking at shares of a
Speaker 3: video right now, up about six percent year to date,
Speaker 3: twenty percent. But the news that we're looking at today
Speaker 3: and why the stock is rising for its best day
Speaker 3: since February. That's after the company unveiled a new AI
Speaker 3: focused PC chip. Now we know that Intel has pretty
Speaker 3: much had a stronghold on the PC market in video
Speaker 3: really coming in here taking an aim at the company.
Speaker 3: Looking at shares of Intel, they are lower by more
Speaker 3: than four percent. Also, AMD, which we know is a
Speaker 3: competitor to in video shares also following about zero point
Speaker 3: five percent. So we'll have to see whether or not
Speaker 3: in videos able to really make a major emphasis as
Speaker 3: we think about the artificial intelligence ramp up and what
Speaker 3: that means for the PC market.
Speaker 1: We had a great chat with Ian King on Bloomberg
Speaker 1: BusinessWeek Daily today. You can check it out on our
Speaker 1: podcast feed cover Semiconductors for Bloomberg News, and he talked
Speaker 1: about the promise of these AI PCs, these laptops, these desktops.
Speaker 1: The question, and I think that you were getting at
Speaker 1: this too, is like what are we going to be
Speaker 1: doing with them that we can't do on our phones
Speaker 1: with these lms at least right now.
Speaker 4: Yeah, Ian mentioned using like photoshop. I think he was
Speaker 4: talking about like simple ways that consumers can use it,
Speaker 4: but it seemed a little even too advanced.
Speaker 1: What I asked, you know, looking at Instagram and doing like.
Speaker 4: Yes, yeah, exactly, Okay, we have one more tech name,
Speaker 4: uh Nora on your list IBM.
Speaker 3: Yeah. Shares of IBM up more than seven percent right now.
Speaker 1: Now.
Speaker 3: This is after some online chatter. There was a video
Speaker 3: that resurfaced about six months old from back in December
Speaker 3: a White House event that showed President Donald Trump praising
Speaker 3: the company. So as you really think about investors really
Speaker 3: looking at some of these speculative parts of the market
Speaker 3: and really where to place their money, we're seeing shares
Speaker 3: surging off of this resurfacing on the internet.
Speaker 1: Wait, hold on, shares are higher. Investors are buying shares
Speaker 1: of IBM because of videos six months old of President
Speaker 1: Trump talking about IBM.
Speaker 3: The video in the video, so it's from December, a
Speaker 3: white House event. It says that it recirculated over the weekend.
Speaker 3: And this is also including a post from polymarket Money
Speaker 3: that racked up more than seven hundred thousand use. So
Speaker 3: people are talking on the internet. They're saying buy the stock,
Speaker 3: and you're seeing shares higher off of that.
Speaker 2: The Stockmovers report from Bloomberg Radio check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street, and for the latest market moving headlines.
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