Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today.
Speaker 1: We can do that with Bloomberg's.
Speaker 2: Tat Channa, Darry Tanna, what are you looking at? We'll
Speaker 2: start with Coyeve, a notable mover to the downside today,
Speaker 2: falling as much as nineteen percent at the open, the
Speaker 2: lowest only since August of last year, but still a
Speaker 2: big move there. The AI Infrastructure company reported a bigger
Speaker 2: than expected lost while boosting its capital expenditures, so that's
Speaker 2: reviving some of those Kapex concerned in the market. Sales
Speaker 2: rose to one point six billion compared to one point
Speaker 2: five to five that the analysts were expecting, so at
Speaker 2: least some relief there. But the market does not want
Speaker 2: to see this. Capital expenditures plans rising, and coreev is
Speaker 2: the latest victim here to the markets worry.
Speaker 1: Yeah, definitely. What about Dell shares are in the green jumping?
Speaker 2: Yeah? Dell is doing the exact opposite performance, jumping as
Speaker 2: much as eighteen percent at the open, the largest increase
Speaker 2: is March twenty twenty four, and it sits on the
Speaker 2: either side of the AI spectrum today because it is
Speaker 2: one of cour we'ves major suppliers and one of the
Speaker 2: beneficiaries for the hunt for servers. The company said it
Speaker 2: will generate about fifty billion in server revenue in the
Speaker 2: current fiscal quarter, and the CEO said it has a
Speaker 2: record backlog of forty three billion dollars as major AI
Speaker 2: providers are seeking its servers to run their their AI workloads.
Speaker 2: The company also announced a ten billion dollar increase in
Speaker 2: share buybacks. So the market is pleased that it is
Speaker 2: seeing some of those capitals returned to the market. So
Speaker 2: the Pixil shuffle trade is still out there, much lower
Speaker 2: parts of it is, despite what we've seen with Nvidia
Speaker 2: this week, UH, Netflix and Netflix, Paul, this is one
Speaker 2: for you. Shares are rising how the company was outbid
Speaker 2: by paramountse Guidance in its bid to acquire Warner Brothers.
Speaker 2: The company last night said they are declining to raise
Speaker 2: their eighty two point seven billion dollar offer for Warner
Speaker 2: Brothers Studios and streaming business and investors seem to be
Speaker 2: happy that they're finally walking away from this deal, which
Speaker 2: they feared would settle the company with data and financial risks.
Speaker 2: It also marks an end to the contentious fight both
Speaker 2: in Hollywood and in Washington, and Netflix shares have declined
Speaker 2: fifteen percent since their offer in December through yesterday's closed data.
Speaker 1: Is poised to strengthen the stock movers report from Bloomberg Radio.
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