1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,960 Speaker 1: I'm Tim Steneveek along with Carol Masser. Let's take a 5 00:00:19,000 --> 00:00:20,560 Speaker 1: look at some stocks on the move today. We are 6 00:00:20,640 --> 00:00:24,440 Speaker 1: joined by Bloomberg News equity supporter Alexandra Semenova. What are 7 00:00:24,440 --> 00:00:25,520 Speaker 1: you watching so? 8 00:00:25,720 --> 00:00:28,240 Speaker 3: Carol just mentioned that a lot of the indexes are 9 00:00:28,280 --> 00:00:32,080 Speaker 3: pairing their gains. One of them is the Bloomberg Magnificence 10 00:00:32,120 --> 00:00:36,360 Speaker 3: seven index. It was up one point four percent earlier today, 11 00:00:36,440 --> 00:00:39,440 Speaker 3: now down, now up about point five percent, And one 12 00:00:39,479 --> 00:00:42,120 Speaker 3: of the companies in that index today had some big 13 00:00:42,120 --> 00:00:46,839 Speaker 3: news too, actually technically Meta platforms. It agreed to deploy 14 00:00:47,000 --> 00:00:51,280 Speaker 3: millions of Nvidia processors over the next few years. This 15 00:00:51,520 --> 00:00:55,200 Speaker 3: tightens the relationship that the two companies have in the 16 00:00:55,280 --> 00:00:59,280 Speaker 3: artificial intelligence industry. Meta accounts for about nine percent of 17 00:00:59,280 --> 00:01:02,080 Speaker 3: in Video's rev you and it is committing to using 18 00:01:02,280 --> 00:01:06,520 Speaker 3: more AI processors and networking equipment from the supplier, and 19 00:01:06,600 --> 00:01:09,520 Speaker 3: for the first time, it also plans to rely on 20 00:01:09,560 --> 00:01:14,160 Speaker 3: in Video's grace central processing units or CPUs, at the 21 00:01:14,200 --> 00:01:18,720 Speaker 3: heart of standalone computers. This rollout will include products based 22 00:01:18,760 --> 00:01:23,039 Speaker 3: on in Video's current Blackwell generation and the upcoming Vera 23 00:01:23,160 --> 00:01:26,520 Speaker 3: Rubin design. So pretty big development and the return of 24 00:01:26,560 --> 00:01:30,720 Speaker 3: these kind of circular deals and partnerships with these big 25 00:01:30,760 --> 00:01:32,200 Speaker 3: companies great for Nvidia. 26 00:01:32,480 --> 00:01:35,400 Speaker 1: Yeah, which is definitely it's been up as much as 27 00:01:35,400 --> 00:01:37,120 Speaker 1: three percent today, but it's definitely. 28 00:01:36,800 --> 00:01:39,039 Speaker 3: Like you said, off those best levels of the session 29 00:01:39,280 --> 00:01:41,639 Speaker 3: brick share, Hathaway, something you've been focusing on. We always 30 00:01:41,680 --> 00:01:43,760 Speaker 3: love to see what they're doing with their portfolio, and 31 00:01:43,800 --> 00:01:46,679 Speaker 3: they made a series of changes recently. They slashed their 32 00:01:46,720 --> 00:01:50,280 Speaker 3: steak in Amazon by more than seventy five percent in 33 00:01:50,320 --> 00:01:53,120 Speaker 3: the fourth quarter. But more notably, they did buy a 34 00:01:53,200 --> 00:01:56,120 Speaker 3: steak in The New York Times. This is the last 35 00:01:56,200 --> 00:02:00,600 Speaker 3: bet that Warren Buffett made as CEO. Berkshire acquired five 36 00:02:00,680 --> 00:02:03,000 Speaker 3: point one million shares of The New York Times in 37 00:02:03,040 --> 00:02:05,760 Speaker 3: the final quarter of twenty twenty five. At the time 38 00:02:05,840 --> 00:02:08,639 Speaker 3: that that steak was worth three hundred and fifty one 39 00:02:08,639 --> 00:02:12,160 Speaker 3: point seven million dollars. So this investment is not only 40 00:02:12,200 --> 00:02:14,360 Speaker 3: a sign of confidence in the company it's been doing 41 00:02:14,400 --> 00:02:16,680 Speaker 3: a lot better than a lot of media companies, but 42 00:02:16,760 --> 00:02:19,320 Speaker 3: also a bit nostalgic for Warren Buffett as well. He 43 00:02:19,400 --> 00:02:23,080 Speaker 3: has had a lifelong curiosity around newspapers. He used to 44 00:02:23,120 --> 00:02:26,760 Speaker 3: deliver the Washington Post and has had several stakes and newspapers. 45 00:02:26,760 --> 00:02:29,240 Speaker 3: So it's really really kind of symbolic that this is 46 00:02:29,240 --> 00:02:30,200 Speaker 3: his last big bet. 47 00:02:30,240 --> 00:02:32,079 Speaker 1: As you see, Carol thinks he's a wordl fan. 48 00:02:33,280 --> 00:02:35,200 Speaker 3: Also, I can see that, and I'm like, I'm trying 49 00:02:35,200 --> 00:02:37,200 Speaker 3: to is he trying to especially now that he'll have 50 00:02:37,240 --> 00:02:38,400 Speaker 3: the extra time, you will have. 51 00:02:38,360 --> 00:02:38,960 Speaker 1: The extra time. 52 00:02:39,080 --> 00:02:41,520 Speaker 3: But I'm also like, curiously, is he trying to like 53 00:02:42,080 --> 00:02:43,040 Speaker 3: protect the entity? 54 00:02:43,160 --> 00:02:46,880 Speaker 1: It's like such a you know, iconic media property. 55 00:02:46,960 --> 00:02:49,880 Speaker 3: I mean for now that Steak is doing quite well 56 00:02:49,919 --> 00:02:52,480 Speaker 3: for the stock shares or trading at a record high. 57 00:02:52,680 --> 00:02:54,880 Speaker 3: They're up one point three percent, and they're up about 58 00:02:54,880 --> 00:02:57,600 Speaker 3: eight percent this year, which is outperforming the market, which 59 00:02:57,680 --> 00:03:00,600 Speaker 3: is wild. All right, we're too next, Yeah, so last 60 00:03:00,639 --> 00:03:03,680 Speaker 3: bit of news is we have Madison Square Garden Sports. 61 00:03:03,880 --> 00:03:07,520 Speaker 3: They approved a plan to explore the spin off of 62 00:03:07,560 --> 00:03:09,800 Speaker 3: the New York Knicks and the New York Rangers. I 63 00:03:09,800 --> 00:03:11,560 Speaker 3: hope you guys don't ask me any follow up positions 64 00:03:11,600 --> 00:03:14,799 Speaker 3: about we this morning on surveillance. 65 00:03:14,840 --> 00:03:16,880 Speaker 1: He's just like, why are they doing this because everybody's 66 00:03:16,880 --> 00:03:18,079 Speaker 1: spinning off everything right now? 67 00:03:18,120 --> 00:03:20,040 Speaker 3: But why it's all about spinoffs? But for them, it's 68 00:03:20,080 --> 00:03:23,600 Speaker 3: also because they think that the individual loyalty to each 69 00:03:23,639 --> 00:03:26,840 Speaker 3: of the teams will help kind of boost the potential 70 00:03:26,880 --> 00:03:30,160 Speaker 3: stock prices of each of the team. So you have 71 00:03:30,240 --> 00:03:33,040 Speaker 3: the Rangers fans, I guess they'll be betting on the 72 00:03:33,080 --> 00:03:35,800 Speaker 3: publicly traded company that comes out of that. And then separately, 73 00:03:35,840 --> 00:03:39,720 Speaker 3: I guess the Nick loyalists, Nicks loyalists rather remember. 74 00:03:39,440 --> 00:03:41,880 Speaker 1: When it made sense to like, let's get a bunch 75 00:03:41,920 --> 00:03:44,800 Speaker 1: of you know, that's what teams and entities and create 76 00:03:44,840 --> 00:03:47,440 Speaker 1: this line, right that used to be the equation was 77 00:03:47,440 --> 00:03:50,840 Speaker 1: one plus one is three back then, and now you know, 78 00:03:50,920 --> 00:03:53,360 Speaker 1: stronger together and those sorts of things. I don't know, 79 00:03:53,480 --> 00:03:55,920 Speaker 1: but nowadays the values created when you right, we've seen this. 80 00:03:55,960 --> 00:03:57,640 Speaker 3: We've seen it in the financial build up. 81 00:03:58,160 --> 00:04:01,600 Speaker 1: Yeah, because that was yeah, you know, brought so much 82 00:04:01,640 --> 00:04:02,360 Speaker 1: under its umbrella. 83 00:04:02,480 --> 00:04:05,000 Speaker 3: Investors like it. Yeah, they think they're going to unlock 84 00:04:05,000 --> 00:04:07,400 Speaker 3: some value. Yeah, another stock right now that is trading 85 00:04:07,440 --> 00:04:09,720 Speaker 3: at a record high, up sixteen percent today. 86 00:04:11,080 --> 00:04:15,120 Speaker 2: The stock Movers report from Bloomberg Radio check back with 87 00:04:15,200 --> 00:04:17,760 Speaker 2: us throughout the day For the latest roundup of companies 88 00:04:17,839 --> 00:04:20,960 Speaker 2: making news on Wall Street, and for the latest market 89 00:04:20,960 --> 00:04:25,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 90 00:04:25,520 --> 00:04:29,039 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 91 00:04:29,080 --> 00:04:30,559 Speaker 2: the Bloomberg Business App.