Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers report your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Tim Steneveek along with Carol Masser. Let's take a
Speaker 1: look at some stocks on the move today. We are
Speaker 1: joined by Bloomberg News equity supporter Alexandra Semenova. What are
Speaker 1: you watching so?
Speaker 3: Carol just mentioned that a lot of the indexes are
Speaker 3: pairing their gains. One of them is the Bloomberg Magnificence
Speaker 3: seven index. It was up one point four percent earlier today,
Speaker 3: now down, now up about point five percent, And one
Speaker 3: of the companies in that index today had some big
Speaker 3: news too, actually technically Meta platforms. It agreed to deploy
Speaker 3: millions of Nvidia processors over the next few years. This
Speaker 3: tightens the relationship that the two companies have in the
Speaker 3: artificial intelligence industry. Meta accounts for about nine percent of
Speaker 3: in Video's rev you and it is committing to using
Speaker 3: more AI processors and networking equipment from the supplier, and
Speaker 3: for the first time, it also plans to rely on
Speaker 3: in Video's grace central processing units or CPUs, at the
Speaker 3: heart of standalone computers. This rollout will include products based
Speaker 3: on in Video's current Blackwell generation and the upcoming Vera
Speaker 3: Rubin design. So pretty big development and the return of
Speaker 3: these kind of circular deals and partnerships with these big
Speaker 3: companies great for Nvidia.
Speaker 1: Yeah, which is definitely it's been up as much as
Speaker 1: three percent today, but it's definitely.
Speaker 3: Like you said, off those best levels of the session
Speaker 3: brick share, Hathaway, something you've been focusing on. We always
Speaker 3: love to see what they're doing with their portfolio, and
Speaker 3: they made a series of changes recently. They slashed their
Speaker 3: steak in Amazon by more than seventy five percent in
Speaker 3: the fourth quarter. But more notably, they did buy a
Speaker 3: steak in The New York Times. This is the last
Speaker 3: bet that Warren Buffett made as CEO. Berkshire acquired five
Speaker 3: point one million shares of The New York Times in
Speaker 3: the final quarter of twenty twenty five. At the time
Speaker 3: that that steak was worth three hundred and fifty one
Speaker 3: point seven million dollars. So this investment is not only
Speaker 3: a sign of confidence in the company it's been doing
Speaker 3: a lot better than a lot of media companies, but
Speaker 3: also a bit nostalgic for Warren Buffett as well. He
Speaker 3: has had a lifelong curiosity around newspapers. He used to
Speaker 3: deliver the Washington Post and has had several stakes and newspapers.
Speaker 3: So it's really really kind of symbolic that this is
Speaker 3: his last big bet.
Speaker 1: As you see, Carol thinks he's a wordl fan.
Speaker 3: Also, I can see that, and I'm like, I'm trying
Speaker 3: to is he trying to especially now that he'll have
Speaker 3: the extra time, you will have.
Speaker 1: The extra time.
Speaker 3: But I'm also like, curiously, is he trying to like
Speaker 3: protect the entity?
Speaker 1: It's like such a you know, iconic media property.
Speaker 3: I mean for now that Steak is doing quite well
Speaker 3: for the stock shares or trading at a record high.
Speaker 3: They're up one point three percent, and they're up about
Speaker 3: eight percent this year, which is outperforming the market, which
Speaker 3: is wild. All right, we're too next, Yeah, so last
Speaker 3: bit of news is we have Madison Square Garden Sports.
Speaker 3: They approved a plan to explore the spin off of
Speaker 3: the New York Knicks and the New York Rangers. I
Speaker 3: hope you guys don't ask me any follow up positions
Speaker 3: about we this morning on surveillance.
Speaker 1: He's just like, why are they doing this because everybody's
Speaker 1: spinning off everything right now?
Speaker 3: But why it's all about spinoffs? But for them, it's
Speaker 3: also because they think that the individual loyalty to each
Speaker 3: of the teams will help kind of boost the potential
Speaker 3: stock prices of each of the team. So you have
Speaker 3: the Rangers fans, I guess they'll be betting on the
Speaker 3: publicly traded company that comes out of that. And then separately,
Speaker 3: I guess the Nick loyalists, Nicks loyalists rather remember.
Speaker 1: When it made sense to like, let's get a bunch
Speaker 1: of you know, that's what teams and entities and create
Speaker 1: this line, right that used to be the equation was
Speaker 1: one plus one is three back then, and now you know,
Speaker 1: stronger together and those sorts of things. I don't know,
Speaker 1: but nowadays the values created when you right, we've seen this.
Speaker 3: We've seen it in the financial build up.
Speaker 1: Yeah, because that was yeah, you know, brought so much
Speaker 1: under its umbrella.
Speaker 3: Investors like it. Yeah, they think they're going to unlock
Speaker 3: some value. Yeah, another stock right now that is trading
Speaker 3: at a record high, up sixteen percent today.
Speaker 2: The stock Movers report from Bloomberg Radio check back with
Speaker 2: us throughout the day For the latest roundup of companies
Speaker 2: making news on Wall Street, and for the latest market
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