WEBVTT - Closing Bell: CoreWeave Swings, Intel Jumps, Home Depot Declines

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

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<v Speaker 2>This is the closing bell on this stock mover's report.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>All right, so let me get to some of the

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<v Speaker 3>individual gainers if I may. Let's bring up core Weave

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<v Speaker 3>and Meta Platforms together. Three and a half percent to

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<v Speaker 3>the upside for core Weave, two point six percent higher

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<v Speaker 3>for Meta platforms. Core Weave though rallying specifically as the

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<v Speaker 3>company struck another much larger twenty one billion dollar deal

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<v Speaker 3>to supply computing power to meta platforms through twenty thirteen,

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<v Speaker 3>so deepening its business with Meta that's trying to catch

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<v Speaker 3>up in the race to build more powerful AI models.

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<v Speaker 3>Core we will provide a cloud capacity to Meta from

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<v Speaker 3>multiple data centers, powered in part by Nvidia's Rubin systems

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<v Speaker 3>of chips.

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<v Speaker 2>Corewave.

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<v Speaker 3>By the way, guys now holds thirty five billion dollars

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<v Speaker 3>in contracts with metas, so that circular financing seems to continue.

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<v Speaker 3>It feels like moving on over to Intel, this was

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<v Speaker 3>some outperformance there as well. This one up four point

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<v Speaker 3>seven percent by the close company trying to promote the

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<v Speaker 3>use of its technology and data center said Alphabet's Google

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<v Speaker 3>has committed to using future generations of its Xenon processors

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<v Speaker 3>and other chips. It's a multi year agreement. And this

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<v Speaker 3>is really part of a push by Intel to better

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<v Speaker 3>capitalize on the build out of AI infrastructure and getting

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<v Speaker 3>a bigger slice of data centers. And they're spending critical

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<v Speaker 3>to a comeback bid under the company's CEO lip butan

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<v Speaker 3>by the way, Intel man, it's like at its highest

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<v Speaker 3>in five years. It's up about more than sixty percent

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<v Speaker 3>year to date, and thank you Romain for setting me

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<v Speaker 3>up there. Constellation brands and Brown Foreman just going to

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<v Speaker 3>throw those up together. Eight and a half percent higher

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<v Speaker 3>on Constellation, Brown Foreman up almost thirteen percent. First of all. Constellation,

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<v Speaker 3>you know, the maker of Corona and Modello sps especial

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<v Speaker 3>excuse me, top gainer in the S and T five hundred,

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<v Speaker 3>don't make fun of me, jumping the most in a

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<v Speaker 3>year earnings last night. Investors pitting hopes that the initially

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<v Speaker 3>disappointing guidance proves conservative execs, pointing out fiscal twenty twenty

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<v Speaker 3>six ended on a positive note, with momentum continuing into

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<v Speaker 3>March and then, as Romaine said, Brown Foreman rallying on

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<v Speaker 3>a report in the Wall Street Journal that Sazarek has

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<v Speaker 3>recently approached Brown Forman, the maker of Jack Daniels, about

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<v Speaker 3>a potential deal. According to folks familiar, keep in mind

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<v Speaker 3>bron Foreman has been talking with Francis Perneu recard.

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<v Speaker 4>The bell of the ball, which one brown Foreman.

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<v Speaker 1>Man, Yeah, that's be nice.

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<v Speaker 3>Bottoms up.

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<v Speaker 4>Okay, let's get to decliners. Remember we used talk about

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<v Speaker 4>all the time, we talked about software under threat from AI.

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<v Speaker 4>Well that's back in the news now at the I

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<v Speaker 4>Shares Expanded Tech Software sector ETF down three point nine percent.

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<v Speaker 4>We're talking about companies like Microsoft palent here making up

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<v Speaker 4>a good portion of this ETF. They fell on Thursday

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<v Speaker 4>and mid concerns about disruption from AI services. Keeping an

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<v Speaker 4>eye on that back in the news again. Also, a

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<v Speaker 4>couple of companies on our radar today include Flutter Entertainment

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<v Speaker 4>and a Draft Kings Flutter the parent company of FanDuel.

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<v Speaker 4>Both of these companies fell today the sports betting stocks

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<v Speaker 4>as lawmakers in Ohio considered legislation they would limit which

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<v Speaker 4>kinds of sports wagers could be placed and eliminate mobile

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<v Speaker 4>betting entirely. That's according to multiple media sources, including NBC four.

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<v Speaker 4>Flutter fell by three point nine percent, DraftKings fell by

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<v Speaker 4>seven percent. Under the proposed legislation, ohioans would not be

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<v Speaker 4>allowed to place prop bets in game bets or parlays.

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<v Speaker 4>That's according to NBC four, and the worst performer in

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<v Speaker 4>this sn P five hundred saw some late selling today.

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<v Speaker 4>Texas Pacific Land Corp. Shares down on the day by

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<v Speaker 4>more than fifteen percent. Round that up to sixteen percent.

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<v Speaker 4>This after the death of Murray Stall, the CEO of

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<v Speaker 4>its largest shareholder, Horizon Kinetics Holding Corp. Was announced this today.

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<v Speaker 4>Horizon Cinetics owns close to fifteen percent of Texas Pacific

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<v Speaker 4>Land Corp. Held share since the nineteen eighties. Stall argued

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<v Speaker 4>the company's business model would increase the stocks value over time.

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<v Speaker 4>Texas Pecific Landcorp. Has about nine hundred thousand acres in

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<v Speaker 4>West Texas. They use different land for different projects, including

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<v Speaker 4>bitcoin mining, renewable power projects. Companies like Alphabet and Amazon

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<v Speaker 4>have expressed interest in the land as well.

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<v Speaker 1>Let's take a quick look at yields. This is one

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<v Speaker 1>of those days where what you see on your screen

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<v Speaker 1>really doesn't tell the whole story. Modis moves to the

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<v Speaker 1>downsiding yields on the shorter end of the curve. Modess

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<v Speaker 1>moves to the upside on the longer end of the curve.

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<v Speaker 1>But there was a ton of volatility, and it was

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<v Speaker 1>really because of a wide range of issues. You had

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<v Speaker 1>a treasury auction today that move yields around. You had

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<v Speaker 1>a lot of comments coming out about the situation going

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<v Speaker 1>on in the Middle East, specifically with regards to Israel

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<v Speaker 1>and Lebanon. That bounce yields around as well. Right now,

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<v Speaker 1>you have a bit of stasis here, a little bit different,

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<v Speaker 1>a much different story than what we're seeing in the

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<v Speaker 1>equity market, where we continue to see that rally going

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<v Speaker 1>in the bond market, a bit of indecisiveness as a

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<v Speaker 1>lot of people still trying to assess what comes next

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<v Speaker 1>in the situation in Italys.

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