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 --> 00:00:18,040 Speaker 1: harnessing the power of Bloomberg Data. It's a podcast, it's 4 00:00:18,079 --> 00:00:18,840 Speaker 1: stock Movers. 5 00:00:19,160 --> 00:00:21,400 Speaker 2: We look at it. We look at every Micron of 6 00:00:21,480 --> 00:00:25,599 Speaker 2: the markets this morning. There's Lisa Montelah, I'll go there. Then. Yes, 7 00:00:25,760 --> 00:00:28,800 Speaker 2: Micron ticker M you. Their shares have been up as 8 00:00:28,840 --> 00:00:31,319 Speaker 2: much as fourteen percent, so they're the largest US maker 9 00:00:31,360 --> 00:00:34,280 Speaker 2: of computer memory chips. It's a company that's really benefiting 10 00:00:34,320 --> 00:00:37,959 Speaker 2: from that whole appetite for AI computing components. It basically 11 00:00:38,000 --> 00:00:40,880 Speaker 2: gave an upbeat forecast for the current quarter. They point 12 00:00:40,880 --> 00:00:44,360 Speaker 2: to surging demand supply shortages that's actually allowing them to 13 00:00:44,440 --> 00:00:47,199 Speaker 2: charge more for their products. I mean, we've heard companies 14 00:00:47,240 --> 00:00:49,720 Speaker 2: like Dell and HP they've been warning about, you know, 15 00:00:49,760 --> 00:00:52,279 Speaker 2: they expect memory chips shortages in the coming year, so 16 00:00:52,360 --> 00:00:55,320 Speaker 2: now they can charge more for their products. And the 17 00:00:55,360 --> 00:00:58,120 Speaker 2: reaction kind of sets it apart. Remember we heard from Broadcom, 18 00:00:58,160 --> 00:01:01,080 Speaker 2: we heard from Oracle last week. The results didn't really 19 00:01:01,320 --> 00:01:04,720 Speaker 2: impress investors so much. So investors are looking to Micron 20 00:01:04,760 --> 00:01:07,880 Speaker 2: to kind of offer this reassuring story about AI growth again, 21 00:01:08,000 --> 00:01:09,600 Speaker 2: and it looks like they kind of got it from 22 00:01:09,600 --> 00:01:12,560 Speaker 2: Micron stock up one hundred and sixty eight percent year 23 00:01:12,600 --> 00:01:15,200 Speaker 2: to day. Wow, that's a big number. That's I'm not 24 00:01:15,319 --> 00:01:18,120 Speaker 2: in the triple leverage all cash to you. It's not 25 00:01:19,200 --> 00:01:25,200 Speaker 2: another mover. Is Trump Media Technology DDJTUH their share they 26 00:01:25,240 --> 00:01:26,920 Speaker 2: were up as much as thirty percent. They kind of 27 00:01:26,920 --> 00:01:29,240 Speaker 2: paired back a bit since then to arise between eighteen 28 00:01:29,280 --> 00:01:32,039 Speaker 2: and twenty that range. It agreed to merge with clean 29 00:01:32,080 --> 00:01:36,920 Speaker 2: fusion energy company Tae Technologies. It's an all stock stock transaction. 30 00:01:37,319 --> 00:01:40,000 Speaker 2: It's valued at more than six billion dollars. They expect 31 00:01:40,000 --> 00:01:42,400 Speaker 2: to close in mid twenty twenty six. They want to 32 00:01:42,400 --> 00:01:45,960 Speaker 2: start construction of a fusion power plant next year. So 33 00:01:46,480 --> 00:01:49,120 Speaker 2: upon closing Trump Media Technology Group, they're going to be 34 00:01:49,160 --> 00:01:53,520 Speaker 2: the holding company for Truth Social Truth Plus. You have Tae, 35 00:01:53,680 --> 00:01:57,800 Speaker 2: Tae Power Solutions, TA Life Sciences among others in that 36 00:01:57,920 --> 00:02:01,480 Speaker 2: as well. There's another company in all this, t MTG. 37 00:02:01,920 --> 00:02:04,160 Speaker 2: They're going to provide up to two hundred million dollars 38 00:02:04,680 --> 00:02:07,240 Speaker 2: of cash to Tae over the signing, and then their 39 00:02:07,480 --> 00:02:10,600 Speaker 2: CEO and Tae CEO they're going to serve as co 40 00:02:10,840 --> 00:02:14,000 Speaker 2: chiefs for this brand new company. I'm beady on this snow. 41 00:02:14,240 --> 00:02:17,880 Speaker 1: Is Paul Sweetey ride her up. I'll just defer to 42 00:02:17,880 --> 00:02:21,320 Speaker 1: to Dan Ives. He says, the AI revolution requires a 43 00:02:21,360 --> 00:02:25,040 Speaker 1: lot of power, including potentially a nuclear fusion. 44 00:02:25,560 --> 00:02:27,119 Speaker 2: This now becomes a pure play. 45 00:02:27,240 --> 00:02:28,160 Speaker 1: So there is a got thing. 46 00:02:29,200 --> 00:02:31,320 Speaker 2: Okay, one more, I gotta go to Lululemon. Take her 47 00:02:31,400 --> 00:02:34,919 Speaker 2: l u l U up as much as seven percent. Uh. 48 00:02:34,960 --> 00:02:37,400 Speaker 2: The company's facing a big overhaul, right They're they're CEO 49 00:02:37,680 --> 00:02:40,640 Speaker 2: leaving at the end of January. Tough competition from you know, 50 00:02:40,840 --> 00:02:45,840 Speaker 2: companies like Alo, knockoffs from lower price retailers. So the 51 00:02:45,919 --> 00:02:48,680 Speaker 2: stock is rally though. It rose about eleven percent since Friday. 52 00:02:48,680 --> 00:02:50,799 Speaker 2: Remember it boosted its full year outlook. It said it's 53 00:02:50,800 --> 00:02:54,440 Speaker 2: CEO was leaving. So now you have this coming big news. 54 00:02:54,520 --> 00:02:57,320 Speaker 2: Sources saying that Elliott Investment Manage and built a stake 55 00:02:57,360 --> 00:03:00,680 Speaker 2: of more than one billion dollars in the company. And 56 00:03:00,760 --> 00:03:02,720 Speaker 2: what they're saying is that Elliott they've been working with 57 00:03:02,800 --> 00:03:06,720 Speaker 2: retail executive je Nielsen, and she is a former CFO 58 00:03:07,000 --> 00:03:10,880 Speaker 2: chief operating officer at Ralph Lauren. Wall Street Journal says 59 00:03:10,919 --> 00:03:14,760 Speaker 2: she's viewed as a possible CEO candidate, so she possibly 60 00:03:14,800 --> 00:03:17,160 Speaker 2: could step in there, but just the news of that 61 00:03:17,240 --> 00:03:19,280 Speaker 2: has their shares a lot higher, which is what they 62 00:03:19,360 --> 00:03:19,880 Speaker 2: kind of need to. 63 00:03:21,200 --> 00:03:25,400 Speaker 1: The Stockmovers Report from Bloomberg Radio. 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