1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,400 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,400 --> 00:00:20,080 Speaker 1: at some stocks on the move today. I'm Tim Keen 5 00:00:20,200 --> 00:00:22,880 Speaker 1: with Paul Sweeney and Bloomberg's Lisa Mateo. 6 00:00:23,000 --> 00:00:24,439 Speaker 2: It's a two hour edition. 7 00:00:24,640 --> 00:00:26,800 Speaker 3: It is. We'll start with the big one of the day. 8 00:00:26,840 --> 00:00:30,400 Speaker 3: So this is Advanced micro Devices ticker AMD. Their shares 9 00:00:30,480 --> 00:00:33,040 Speaker 3: have been up more than thirty percent. Now, if the 10 00:00:33,159 --> 00:00:35,159 Speaker 3: rally holds when the markets open, the company would have 11 00:00:35,159 --> 00:00:38,559 Speaker 3: its biggest int digging in more than nine years. So 12 00:00:38,680 --> 00:00:41,160 Speaker 3: the big news, Yes, it's signed a deal with open 13 00:00:41,159 --> 00:00:44,040 Speaker 3: Ai for AI infrastructure worth tens of billions of dollars. 14 00:00:44,520 --> 00:00:47,159 Speaker 3: What will happen under this agreement, Well, open ai is 15 00:00:47,159 --> 00:00:52,440 Speaker 3: going to deploy six gigawatts of AMD GPUs multiple years. 16 00:00:52,640 --> 00:00:54,480 Speaker 3: And you say, what is six gigawatts? I don't know. 17 00:00:54,520 --> 00:00:57,120 Speaker 3: I had to look it up. So ten gigawatts just 18 00:00:57,160 --> 00:00:59,480 Speaker 3: to give you, I feel like it's back to the future. 19 00:01:00,240 --> 00:01:03,720 Speaker 3: Gigawatts of powers equal to the peak electricity demand of 20 00:01:03,760 --> 00:01:06,200 Speaker 3: New York City. So that's the kind of kids of 21 00:01:06,240 --> 00:01:11,720 Speaker 3: the couch with Robin Hood, it's crazy. Next Okay, So 22 00:01:11,840 --> 00:01:15,160 Speaker 3: next one is co America. It's sicker CMA up as 23 00:01:15,200 --> 00:01:19,080 Speaker 3: much as fourteen percent the news first fifth Third Bank Corp. 24 00:01:19,120 --> 00:01:20,759 Speaker 3: Agreed to buy the bank for about ten point nine 25 00:01:20,800 --> 00:01:23,520 Speaker 3: billion in stock, the largest US bank deal of the year. 26 00:01:23,560 --> 00:01:25,640 Speaker 3: It's going to create the ninth largest bank in the 27 00:01:25,680 --> 00:01:29,600 Speaker 3: country two hundred and eighty eight billion dollars in assets. 28 00:01:29,920 --> 00:01:32,520 Speaker 3: So here's the First Third is based in Cincinnati, so 29 00:01:32,560 --> 00:01:34,679 Speaker 3: it's been known for this reach across the Midwest, right, 30 00:01:34,680 --> 00:01:37,520 Speaker 3: but it's been trying to expand in the Southeast. So 31 00:01:37,600 --> 00:01:40,320 Speaker 3: a deal with Dallas based co America is going to 32 00:01:40,440 --> 00:01:42,640 Speaker 3: help them. And then co America also has its focused 33 00:01:42,640 --> 00:01:45,560 Speaker 3: on commercial banking for middle market companies. But the CA 34 00:01:45,560 --> 00:01:48,160 Speaker 3: America's really been under a lot of pressure from its 35 00:01:48,200 --> 00:01:51,440 Speaker 3: activist investor group. It's, you know, trying to sell to 36 00:01:51,480 --> 00:01:53,720 Speaker 3: a large bank, this pressure to get there. They just 37 00:01:53,760 --> 00:01:56,000 Speaker 3: brought up the total return of k America eight point 38 00:01:56,080 --> 00:01:58,400 Speaker 3: eight percent before the pop this morning. 39 00:01:58,920 --> 00:01:59,960 Speaker 1: What took so long? 40 00:02:00,080 --> 00:02:02,080 Speaker 2: Am I wrong to ask that? Paul? No, I don't 41 00:02:02,080 --> 00:02:03,880 Speaker 2: think so. I mean, we've been asking this question really 42 00:02:03,920 --> 00:02:07,280 Speaker 2: since the Great Crisis, and then you know, like do 43 00:02:07,320 --> 00:02:09,960 Speaker 2: we need this many regional banks. I don't know. 44 00:02:10,120 --> 00:02:10,560 Speaker 3: I don't know. 45 00:02:10,639 --> 00:02:13,840 Speaker 2: I mean I would argue it's it works, it's worked 46 00:02:13,840 --> 00:02:15,840 Speaker 2: for our economy. But a lot of bankers come in 47 00:02:15,840 --> 00:02:17,359 Speaker 2: here and say, you know, there conna be some more 48 00:02:17,360 --> 00:02:19,640 Speaker 2: consolidation in the banking space. So we'll see. 49 00:02:20,160 --> 00:02:23,000 Speaker 3: I saw who was involve Keith Involve Gold and Sex. 50 00:02:23,000 --> 00:02:24,920 Speaker 2: Other usual view organs. Yeah, but yeah, Keith. 51 00:02:25,160 --> 00:02:27,840 Speaker 3: Lawyer's guns is money there it is regional. Next we 52 00:02:28,000 --> 00:02:30,160 Speaker 3: got all right, I gotta hit Tesla t s LA 53 00:02:30,400 --> 00:02:32,360 Speaker 3: or share them with up two percent. Okay, here's why 54 00:02:32,600 --> 00:02:35,079 Speaker 3: a number of social media posts this is what's kind 55 00:02:35,120 --> 00:02:37,799 Speaker 3: of moving things nowadays. Okay, so they want posted a 56 00:02:37,880 --> 00:02:41,000 Speaker 3: video clip. It was a black hub cup hubcap like 57 00:02:41,000 --> 00:02:45,160 Speaker 3: object Tesla logo on it. It was spinning basically before 58 00:02:45,240 --> 00:02:47,600 Speaker 3: flashing the numbers ten seven, which you think about. It 59 00:02:47,639 --> 00:02:50,480 Speaker 3: is tomorrow's date, so people are saying, oh, there's gonna 60 00:02:50,480 --> 00:02:54,040 Speaker 3: be a big product reveal tomorrow. The second post was 61 00:02:54,040 --> 00:02:56,200 Speaker 3: a show. It showed a car parked and pitch black 62 00:02:56,280 --> 00:02:58,960 Speaker 3: darkness and then it shows the headlights beam go on. Okay, 63 00:02:59,120 --> 00:03:03,560 Speaker 3: so the last Tesla introduced new products, it was two 64 00:03:03,639 --> 00:03:07,760 Speaker 3: years ago. The cyber truck. Okay, So that did okay. 65 00:03:08,639 --> 00:03:10,520 Speaker 3: But the stock, you know, it kind of took down 66 00:03:10,600 --> 00:03:12,120 Speaker 3: last week, so now it's starting to pick up. I 67 00:03:12,120 --> 00:03:14,560 Speaker 3: mean it tacked down because it posted record quarterer sales. 68 00:03:14,560 --> 00:03:16,000 Speaker 3: But investors are saying, you know what, it's going to 69 00:03:16,040 --> 00:03:18,480 Speaker 3: be hard for them to keep up that momentum now 70 00:03:18,480 --> 00:03:20,400 Speaker 3: that those EV subsidies kind of expired. 71 00:03:20,400 --> 00:03:22,880 Speaker 2: In the US, I don't see so many cybertructs are ound. 72 00:03:23,040 --> 00:03:25,000 Speaker 3: I still see a couple more of them, Yes, I do. 73 00:03:25,120 --> 00:03:31,040 Speaker 3: I do see it a little bit more. Yeah, So Tesla. 74 00:03:31,120 --> 00:03:36,680 Speaker 1: There you go the Stock Movers report from Bloomberg Radio. 75 00:03:37,200 --> 00:03:39,360 Speaker 1: Check back with us throughout the day for the latest 76 00:03:39,400 --> 00:03:42,600 Speaker 1: roundup of companies making news on Wall Street and for 77 00:03:42,680 --> 00:03:46,640 Speaker 1: the latest market moving headlines. Listen to Bloomberg Radio Live, 78 00:03:47,040 --> 00:03:50,600 Speaker 1: catch us on YouTube, Bloomberg dot com, and on Applecarplay 79 00:03:50,640 --> 00:03:53,240 Speaker 1: and Android Auto with the Bloomberg Business app.