1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,160 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:19,720 Speaker 2: From Alexis Christoffers along with Paul Sweeney, and we want 5 00:00:19,720 --> 00:00:21,520 Speaker 2: to toss it over to John Tucker. 6 00:00:21,560 --> 00:00:24,239 Speaker 3: Now, yeah, with Stocks on the Move. 7 00:00:24,320 --> 00:00:25,360 Speaker 2: Stocks on the Move. 8 00:00:25,320 --> 00:00:29,800 Speaker 3: Are one of our favorite podcasts here at Bloomberg. Let's 9 00:00:29,840 --> 00:00:33,600 Speaker 3: start with Invidia. They've entered into a licensing agreement with 10 00:00:33,720 --> 00:00:37,519 Speaker 3: the AI chip maker Grock, and they're also acquire some 11 00:00:37,520 --> 00:00:40,640 Speaker 3: of the startups executive team now Grox, says the founder 12 00:00:40,640 --> 00:00:44,000 Speaker 3: and CEO Jonathan Ross, the president Sonny Madra, and other 13 00:00:44,040 --> 00:00:47,919 Speaker 3: personnel would be joining in Vidia to help advance and 14 00:00:48,040 --> 00:00:52,440 Speaker 3: scale the license inference technology. It seems to be in 15 00:00:52,440 --> 00:00:57,520 Speaker 3: line with Invidia's push into AI inferencing Bloomberg Intelligence. However, 16 00:00:57,560 --> 00:01:03,600 Speaker 3: they write the PAX price and non exclusive exclusivity raised 17 00:01:03,640 --> 00:01:07,200 Speaker 3: questions about the return on investment entrancing. I guess I'm 18 00:01:07,200 --> 00:01:09,600 Speaker 3: going to have to explain that, yes, please do. Carolyn 19 00:01:09,680 --> 00:01:12,080 Speaker 3: Hines in the studio with us too, So let me 20 00:01:12,120 --> 00:01:13,920 Speaker 3: see if I get this right. This is the moment 21 00:01:13,959 --> 00:01:18,440 Speaker 3: at which AI goes from learning stuff to actually real 22 00:01:18,520 --> 00:01:20,280 Speaker 3: world applications. 23 00:01:20,400 --> 00:01:22,480 Speaker 1: Slice you use the models, not train them. 24 00:01:22,680 --> 00:01:25,360 Speaker 3: Okay, all right, So GROC is going to continue as 25 00:01:25,400 --> 00:01:29,360 Speaker 3: an independent company with a new chief executive. So that's 26 00:01:29,400 --> 00:01:34,080 Speaker 3: that stock Indian technology services provider co Forge agreeing to 27 00:01:34,120 --> 00:01:37,800 Speaker 3: buy and Korra. The enterprise value two point three five 28 00:01:37,880 --> 00:01:40,560 Speaker 3: billion dollars. This is an all stock deal and it 29 00:01:40,600 --> 00:01:46,240 Speaker 3: adds artificial intelligence, data and product engineering expertise. The tech 30 00:01:46,280 --> 00:01:50,280 Speaker 3: firm wants to reshape at services portfolio with the acquisition 31 00:01:50,560 --> 00:01:54,120 Speaker 3: of the digital engineering company, which is based in the US. 32 00:01:54,440 --> 00:01:57,320 Speaker 3: The transaction, when final is going to mark one of 33 00:01:57,360 --> 00:02:02,000 Speaker 3: the largest overseas acquisitions by an Indian IT player in 34 00:02:02,080 --> 00:02:06,040 Speaker 3: recent years. India's two hundred and eighty billion dollar technology 35 00:02:06,120 --> 00:02:12,200 Speaker 3: services industry is grappling with slowing demand in traditional outsourcing contracts, 36 00:02:12,400 --> 00:02:16,600 Speaker 3: so cof just moves signals a strategic pivot toward higher 37 00:02:16,720 --> 00:02:20,760 Speaker 3: value digital engineering work. That's an area where in Core 38 00:02:20,880 --> 00:02:25,680 Speaker 3: has built capabilities serving clients and software healthcare as well 39 00:02:25,720 --> 00:02:31,400 Speaker 3: as fintech. And let's wrap up Alexis with Biohaven based 40 00:02:31,440 --> 00:02:36,160 Speaker 3: in Connecticut. Falling this morning in pre market trading, they 41 00:02:36,160 --> 00:02:38,920 Speaker 3: had a mid stage study of the company's experimental drug 42 00:02:38,960 --> 00:02:42,800 Speaker 3: for the treatment of major depressive disorder. It missed the 43 00:02:42,919 --> 00:02:45,800 Speaker 3: primary endpoint. So that's not good. 44 00:02:45,919 --> 00:02:46,639 Speaker 2: That is not good. 45 00:02:46,840 --> 00:02:48,840 Speaker 3: Sounds like it's not working. Wow. 46 00:02:48,960 --> 00:02:51,760 Speaker 2: Back to the drawing table you mentioned earlier during the break. 47 00:02:51,840 --> 00:02:55,639 Speaker 2: Cidus Space, Oh yeah, the ticker symbol SIDU. 48 00:02:55,800 --> 00:02:59,240 Speaker 3: They're based in Cape Canamera, Florida. 49 00:03:00,280 --> 00:03:03,320 Speaker 2: I visited their offices because I interviewed their CEO, Carol 50 00:03:03,360 --> 00:03:05,520 Speaker 2: Craig a while back. Yeah, she was one of my 51 00:03:05,600 --> 00:03:08,000 Speaker 2: trailblazers for a series I did on ABC. She know 52 00:03:08,040 --> 00:03:10,520 Speaker 2: she is the first female founder of a space company 53 00:03:10,720 --> 00:03:12,560 Speaker 2: to take it public on the Nasdaq. It was really 54 00:03:12,560 --> 00:03:14,680 Speaker 2: fascinating interview and great trip. 55 00:03:14,639 --> 00:03:17,880 Speaker 3: And also a defense company. They have plans to raise 56 00:03:17,960 --> 00:03:21,919 Speaker 3: capital through a public offering of their Class A shares 57 00:03:22,320 --> 00:03:26,120 Speaker 3: the common stock and a pre funded warrants. So it's 58 00:03:26,160 --> 00:03:27,200 Speaker 3: a company to watch. 59 00:03:27,919 --> 00:03:30,720 Speaker 2: Citas Space. Some people say, don't know how to say 60 00:03:30,720 --> 00:03:34,880 Speaker 2: it si d us, citis situs. It is citus though. 61 00:03:35,000 --> 00:03:38,200 Speaker 3: Okay, I'll take your word for you are now currently 62 00:03:38,240 --> 00:03:40,800 Speaker 3: the expert on citis and mine now just. 63 00:03:40,760 --> 00:03:43,520 Speaker 2: By default, just because I've interviewed the CEO. But it 64 00:03:43,600 --> 00:03:45,760 Speaker 2: was fascinating the work that they're doing there, and it's 65 00:03:45,760 --> 00:03:47,960 Speaker 2: really kind of neat to see a female head that 66 00:03:48,080 --> 00:03:48,640 Speaker 2: up as well. 67 00:03:49,320 --> 00:03:52,880 Speaker 3: Yeah, okay, another space company, looking forward to it. 68 00:03:53,640 --> 00:03:57,640 Speaker 1: This stock mover's report from Bloomberg Radio. Check back with 69 00:03:57,720 --> 00:03:59,840 Speaker 1: us throughout the day for the latest roundup of com 70 00:04:00,160 --> 00:04:03,120 Speaker 1: he's making news on Wall Street and for the latest 71 00:04:03,160 --> 00:04:07,360 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 72 00:04:07,400 --> 00:04:11,120 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 73 00:04:11,160 --> 00:04:13,120 Speaker 1: Auto with the Bloomberg Business app.