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Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Valerie Tyeelan A good morning to do it because a lot of stocks are moving off the back of regulatory filings.
Val good morning, Hey, good morning, Nathan. You were seeing shares of Google jump near five percent in pre market trade, leading the gains of the mag seven and leading the nastac Hire this morning on the back of thirteen F filings that showed that Warren Buffett's Berkshire Hathaway built a near five billion dollars steak in the company in the
third quarter. Now, Warren Buffett is talked at length about missing some of these tech stocks, but it's funny that he chose it now to buy in to Google in the third quarter. Now, remember these are mostly backward looking, but I guess investors are as maybe shocked as I am, that Warren Buffett has made this move. So Google shares reacting quite positively this morning. I should note, then the thirteen F filings, they didn't show all good news when
it comes to big tech holdings. Warren Buffett trimmed as holdings of Apple by fifteen percent, and we're seeing the shares of Nvidia in the red on the back of Peter Tiele's hedge fund selling off most of its holdings of Nvidia in the third quarter, NVIDIAs in the red down half of one percent, and this comes after recent lines that SoftBank also sold off their six billion dollars worth of holdings. Both of these funds opted to exit their holdings of Nvidia amid concern about a rising AI
investment bubble. But I have to note Nathan that a big analysis of the thirteen F filings showed it was pretty equally split between the same number of hedge funds increasing their stake of Nvidia to those that have been decreasing their stake. So it just seems these big splashy ones are the ones that have been exiting, but it has been mostly balanced. And this all comes ahead and video reporting Wednesday after the bell very likely to set the tone for the AI trade in ta Yeah, it.
Kind of feels like in video week, doesn't it. Valiance, we've got a little bit of maybe some merger Monday news in the media space.
Yeah, this one's really interesting. So this also do with local TV. We're seeing Sinclair news that also in the back of regulatory filing should I say they're thirteen D filings, has taken a eighteen sorry excuse me an eight percent steak and eight percent stake in EW Scripts. So we're seeing the shares of EW Scripts of seventeen percent Sinclair in the green as well, up two percent after this news.
So the Wall Street Journal is reporting that these two companies have also been discussing a potential merger and that Sinclair has increased its stake in order to add pressure on Scripts to agree to a sale. Now, those that are not familiar with local TV networks, Sinclair is one of the largest owners of local TV stations. EW Scripts also owns a portfolio of local TV stations in over forty markets. It's had some recent success us due to
its rights over WNBA games. Now, Sinclair's board in the past did sign off on a plan to examine potential acquisitions, so it does seem like it's lining up that EW Script could be one of them. And this comes on the back of a more favorable regulatory background, with Trump's new administration pick to the FCC leaning towards allowing further consolidations in the local TV space.
Okay, So, moving on from thirteen F and thirteen D filings, we're seeing some big analysts downgrades on computer hardware companies.
Yeah, this is all down to Morgan Stanley. They have downgraded a lot of the names in the hardware space. One of them receiving a double downgrade was Dell. We're seeing shares of Dell down nearly six percent in the pre market trade. They also downgraded Hpe and HP, so we're seeing shares of Hpe down two point eight percent
and shares of HP down one percent. This on the back of a big call from them about a sluggish demand for hardware in the near future, and they're also citing a memory supercycle increasingly posing a risk to earnings.
The Stockmover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app