Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg.
Speaker 3: Data time to look at some of the stocks on
Speaker 3: the move today, and we're joined by Bloomberg's Valerie Titel
Speaker 3: once again val data centers. That's all the rage, and
Speaker 3: that seems to be the basis for some deal news
Speaker 3: that we're getting this morning.
Speaker 1: Yeah, data centers and the AI trade are going to
Speaker 1: continue to be the big focus headed in to your
Speaker 1: end and next year. But the news of the day
Speaker 1: is that the Japanese conglomerate SoftBank has been said to
Speaker 1: near a deal for the investment firm Digital Bridge. So
Speaker 1: we're watching shares of digital Bridge surge around thirty two
Speaker 1: percent higher in pre market. It's a private equity firm
Speaker 1: that invests in assets such as data centers and digital infrastructure.
Speaker 1: A deal between these two could be nounced as soon
Speaker 1: as today and would deepen soft banks push into assets
Speaker 1: underpinning the AI race. The Japanese investment giant soft Bank
Speaker 1: has been a big part of the AI funding craze
Speaker 1: this year. It was key to that five hundred billion
Speaker 1: stargate Gate project, and they've recently sold off their share
Speaker 1: of Nvidia to invest in other assets to help open Ai,
Speaker 1: to help this data center rates. And perhaps if we
Speaker 1: do hear a deal today, it was part of their
Speaker 1: shift and selling those Nvidia shares in order to invest
Speaker 1: in something else.
Speaker 3: Now we don't know the terms of the deals, are
Speaker 3: prices or anything like that at this point. Silver miners,
Speaker 3: I always think of Nevada's still out there.
Speaker 1: Idaho is a big area for silver, but silver miners
Speaker 1: are on a back foot after the air I guess
Speaker 1: is starting to come out of this silver rally. So
Speaker 1: we have the likes of Core Mining down nearly five percent,
Speaker 1: HELCA Mining down four percent, First Majestic silver ticker AG
Speaker 1: funny for those who know the periodic table is down
Speaker 1: four percent as well. There you know, the silver's rally
Speaker 1: has really been led by this tightness of inventories, and
Speaker 1: a lot of these silver miners have benefited from the
Speaker 1: run up of the price of silver in December. But
Speaker 1: it does seem to be like the rally might be
Speaker 1: ending for some of these silver miners headed into your end.
Speaker 3: Would you tell me earlier silver was in backwardation the
Speaker 3: usual path is conentango. Usual path for a lot totally
Speaker 3: geeked out on you guys.
Speaker 1: A lot of commodities is contango because you have to
Speaker 1: pay essentially for storage costs. But we're seeing silver curves
Speaker 1: at very stretched backwardation levels. The London silver curve is
Speaker 1: the steepest backwardation we've seen in decades. So people paying
Speaker 1: up to get silver in their hands today versus waiting
Speaker 1: a few months from now.
Speaker 3: The Santa Claus rally. What happened with the Mag seven.
Speaker 1: Well, the Mag seven is not feeling part of the
Speaker 1: optimism around the Santa Claus rally. This morning. Tesla losses
Speaker 1: for the Max seven this morning down one and a
Speaker 1: half percent. We're also seeing the likes of Oracle down
Speaker 1: nearly two percent, Core Weave down two and a half.
Speaker 1: Those names are pretty key to the cloud race. But
Speaker 1: I don't know if you knew, John, but I was
Speaker 1: looking up the technical term for the Santa rally is
Speaker 1: the five last trading days of the year and the
Speaker 1: two beginning in January. So four out of five times
Speaker 1: you get a rally of over one percent over that timeframe.
Speaker 1: So we still have some room, I guess to make up,
Speaker 1: but today seems to be leading tech on a ser note.
Speaker 3: Okay, real, real quick. European defense stocks, this is kind
Speaker 3: of a perverse move, you know, when there's signs of
Speaker 3: piece the defense stocks go down.
Speaker 1: Yeah, but it should be noted because they are one
Speaker 1: of the biggest losers in the eurostock six hundred this morning.
Speaker 1: Ryan Mattal down two and a third percent. Now a
Speaker 1: lot of these names are now down over twenty percent
Speaker 1: since they're highs back in September earlier this year. So
Speaker 1: the European defense trade air continues to come out of
Speaker 1: that as well. Headed into your.
Speaker 2: End this Stockmovers report from Bloomberg Radio. Check back with
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