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This is the closing bell on this stock mover's report. The company's making moves at the close of US trading with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.
All right, so let me get to some of the individual gainers if I may. Let's bring up core Weave and Meta Platforms together. Three and a half percent to the upside for core Weave, two point six percent higher
for Meta platforms. Core Weave though rallying specifically as the company struck another much larger twenty one billion dollar deal to supply computing power to meta platforms through twenty thirteen, so deepening its business with Meta that's trying to catch up in the race to build more powerful AI models. Core we will provide a cloud capacity to Meta from multiple data centers, powered in part by Nvidia's Rubin systems of chips.
Corewave.
By the way, guys now holds thirty five billion dollars in contracts with metas, so that circular financing seems to continue. It feels like moving on over to Intel, this was some outperformance there as well. This one up four point seven percent by the close company trying to promote the use of its technology and data center said Alphabet's Google has committed to using future generations of its Xenon processors
and other chips. It's a multi year agreement. And this is really part of a push by Intel to better capitalize on the build out of AI infrastructure and getting a bigger slice of data centers. And they're spending critical to a comeback bid under the company's CEO lip butan by the way, Intel man, it's like at its highest in five years. It's up about more than sixty percent year to date, and thank you Romain for setting me up there. Constellation brands and Brown Foreman just going to
throw those up together. Eight and a half percent higher on Constellation, Brown Foreman up almost thirteen percent. First of all. Constellation, you know, the maker of Corona and Modello sps especial excuse me, top gainer in the S and T five hundred, don't make fun of me, jumping the most in a
year earnings last night. Investors pitting hopes that the initially disappointing guidance proves conservative execs, pointing out fiscal twenty twenty six ended on a positive note, with momentum continuing into March and then, as Romaine said, Brown Foreman rallying on a report in the Wall Street Journal that Sazarek has recently approached Brown Forman, the maker of Jack Daniels, about
a potential deal. According to folks familiar, keep in mind bron Foreman has been talking with Francis Perneu recard.
The bell of the ball, which one brown Foreman.
Man, Yeah, that's be nice.
Bottoms up.
Okay, let's get to decliners. Remember we used talk about all the time, we talked about software under threat from AI. Well that's back in the news now at the I Shares Expanded Tech Software sector ETF down three point nine percent. We're talking about companies like Microsoft palent here making up a good portion of this ETF. They fell on Thursday and mid concerns about disruption from AI services. Keeping an
eye on that back in the news again. Also, a couple of companies on our radar today include Flutter Entertainment and a Draft Kings Flutter the parent company of FanDuel. Both of these companies fell today the sports betting stocks as lawmakers in Ohio considered legislation they would limit which kinds of sports wagers could be placed and eliminate mobile betting entirely. That's according to multiple media sources, including NBC four. Flutter fell by three point nine percent, DraftKings fell by
seven percent. Under the proposed legislation, ohioans would not be allowed to place prop bets in game bets or parlays. That's according to NBC four, and the worst performer in this sn P five hundred saw some late selling today. Texas Pacific Land Corp. Shares down on the day by more than fifteen percent. Round that up to sixteen percent. This after the death of Murray Stall, the CEO of its largest shareholder, Horizon Kinetics Holding Corp. Was announced this today.
Horizon Cinetics owns close to fifteen percent of Texas Pacific Land Corp. Held share since the nineteen eighties. Stall argued the company's business model would increase the stocks value over time. Texas Pecific Landcorp. Has about nine hundred thousand acres in West Texas. They use different land for different projects, including bitcoin mining, renewable power projects. Companies like Alphabet and Amazon have expressed interest in the land as well.
Let's take a quick look at yields. This is one of those days where what you see on your screen really doesn't tell the whole story. Modis moves to the downsiding yields on the shorter end of the curve. Modess moves to the upside on the longer end of the curve. But there was a ton of volatility, and it was really because of a wide range of issues. You had
a treasury auction today that move yields around. You had a lot of comments coming out about the situation going on in the Middle East, specifically with regards to Israel
and Lebanon. That bounce yields around as well. Right now, you have a bit of stasis here, a little bit different, a much different story than what we're seeing in the equity market, where we continue to see that rally going in the bond market, a bit of indecisiveness as a lot of people still trying to assess what comes next in the situation in Italys.
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.