WEBVTT - Meta Slips, Berkshire Cuts Amazon Stake, MSG Skyrockets

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

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<v Speaker 2>The Stock Movers report your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Tim Steneveek along with Carol Masser. Let's take a

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<v Speaker 1>look at some stocks on the move today. We are

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<v Speaker 1>joined by Bloomberg News equity supporter Alexandra Semenova. What are

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<v Speaker 1>you watching so?

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<v Speaker 3>Carol just mentioned that a lot of the indexes are

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<v Speaker 3>pairing their gains. One of them is the Bloomberg Magnificence

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<v Speaker 3>seven index. It was up one point four percent earlier today,

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<v Speaker 3>now down, now up about point five percent, And one

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<v Speaker 3>of the companies in that index today had some big

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<v Speaker 3>news too, actually technically Meta platforms. It agreed to deploy

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<v Speaker 3>millions of Nvidia processors over the next few years. This

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<v Speaker 3>tightens the relationship that the two companies have in the

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<v Speaker 3>artificial intelligence industry. Meta accounts for about nine percent of

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<v Speaker 3>in Video's rev you and it is committing to using

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<v Speaker 3>more AI processors and networking equipment from the supplier, and

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<v Speaker 3>for the first time, it also plans to rely on

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<v Speaker 3>in Video's grace central processing units or CPUs, at the

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<v Speaker 3>heart of standalone computers. This rollout will include products based

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<v Speaker 3>on in Video's current Blackwell generation and the upcoming Vera

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<v Speaker 3>Rubin design. So pretty big development and the return of

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<v Speaker 3>these kind of circular deals and partnerships with these big

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<v Speaker 3>companies great for Nvidia.

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<v Speaker 1>Yeah, which is definitely it's been up as much as

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<v Speaker 1>three percent today, but it's definitely.

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<v Speaker 3>Like you said, off those best levels of the session

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<v Speaker 3>brick share, Hathaway, something you've been focusing on. We always

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<v Speaker 3>love to see what they're doing with their portfolio, and

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<v Speaker 3>they made a series of changes recently. They slashed their

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<v Speaker 3>steak in Amazon by more than seventy five percent in

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<v Speaker 3>the fourth quarter. But more notably, they did buy a

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<v Speaker 3>steak in The New York Times. This is the last

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<v Speaker 3>bet that Warren Buffett made as CEO. Berkshire acquired five

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<v Speaker 3>point one million shares of The New York Times in

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<v Speaker 3>the final quarter of twenty twenty five. At the time

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<v Speaker 3>that that steak was worth three hundred and fifty one

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<v Speaker 3>point seven million dollars. So this investment is not only

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<v Speaker 3>a sign of confidence in the company it's been doing

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<v Speaker 3>a lot better than a lot of media companies, but

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<v Speaker 3>also a bit nostalgic for Warren Buffett as well. He

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<v Speaker 3>has had a lifelong curiosity around newspapers. He used to

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<v Speaker 3>deliver the Washington Post and has had several stakes and newspapers.

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<v Speaker 3>So it's really really kind of symbolic that this is

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<v Speaker 3>his last big bet.

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<v Speaker 1>As you see, Carol thinks he's a wordl fan.

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<v Speaker 3>Also, I can see that, and I'm like, I'm trying

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<v Speaker 3>to is he trying to especially now that he'll have

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<v Speaker 3>the extra time, you will have.

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<v Speaker 1>The extra time.

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<v Speaker 3>But I'm also like, curiously, is he trying to like

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<v Speaker 3>protect the entity?

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<v Speaker 1>It's like such a you know, iconic media property.

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<v Speaker 3>I mean for now that Steak is doing quite well

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<v Speaker 3>for the stock shares or trading at a record high.

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<v Speaker 3>They're up one point three percent, and they're up about

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<v Speaker 3>eight percent this year, which is outperforming the market, which

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<v Speaker 3>is wild. All right, we're too next, Yeah, so last

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<v Speaker 3>bit of news is we have Madison Square Garden Sports.

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<v Speaker 3>They approved a plan to explore the spin off of

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<v Speaker 3>the New York Knicks and the New York Rangers. I

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<v Speaker 3>hope you guys don't ask me any follow up positions

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<v Speaker 3>about we this morning on surveillance.

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<v Speaker 1>He's just like, why are they doing this because everybody's

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<v Speaker 1>spinning off everything right now?

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<v Speaker 3>But why it's all about spinoffs? But for them, it's

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<v Speaker 3>also because they think that the individual loyalty to each

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<v Speaker 3>of the teams will help kind of boost the potential

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<v Speaker 3>stock prices of each of the team. So you have

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<v Speaker 3>the Rangers fans, I guess they'll be betting on the

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<v Speaker 3>publicly traded company that comes out of that. And then separately,

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<v Speaker 3>I guess the Nick loyalists, Nicks loyalists rather remember.

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<v Speaker 1>When it made sense to like, let's get a bunch

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<v Speaker 1>of you know, that's what teams and entities and create

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<v Speaker 1>this line, right that used to be the equation was

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<v Speaker 1>one plus one is three back then, and now you know,

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<v Speaker 1>stronger together and those sorts of things. I don't know,

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<v Speaker 1>but nowadays the values created when you right, we've seen this.

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<v Speaker 3>We've seen it in the financial build up.

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<v Speaker 1>Yeah, because that was yeah, you know, brought so much

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<v Speaker 1>under its umbrella.

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<v Speaker 3>Investors like it. Yeah, they think they're going to unlock

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<v Speaker 3>some value. Yeah, another stock right now that is trading

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<v Speaker 3>at a record high, up sixteen percent today.

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<v Speaker 2>The stock Movers report from Bloomberg Radio check back with

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<v Speaker 2>us throughout the day For the latest roundup of companies

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<v Speaker 2>making news on Wall Street, and for the latest market

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