Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Dataska. Look at some of the stocks on the move today.
I'm Paul Swing alongside Scarlet the Food were joined by Bloomer's Carmon Ryanikey, Carmen. What are you looking at? Yeah, So the first thing I'm looking at today is General Mills ticker gis SO. Shares are up about one and a half percent right now, so this is off highs of the day. But so what happened is the company reported sales that beat Wall Street expectations, really signaling that a strategy to improve packaging and marketing while lowering prices
is paying off. The company also made some comments about economically strained consumers, so basically they said that they're seeing those consumers making more purchases on sale than at regular prices. They own Cheerio's, Betty Crocker, and Old El Paso brands.
They also reported that there's been an increase in cooking at home among value shoppers, so it's pushed some of the sales to things like Betty Crocker, you know the thing that you make at home versus you know, maybe the Cheerios HoneyNet Cheerio guy big time.
Oh, we have that.
We have that on the six six floor.
I go for the generic ones, don't. Yeah, I'm part of that wave of consumers seeking about label. Yeah, there you go. All right, let's talk some AI carmen.
Yeah, a lot of movement in the AI stocks today. So let's look at Oracle first. It's down four and a half percent today. So the company said final negotiations on an equity deal for a data center project in Michigan didn't include Blue Owl Capital. So this is a firm that's helped finance a lot of major data center projects for other firms other than Oracle, including like Meta Platforms. So they said that it doesn't include Blue Owl, but
that overall negotiations on are on schedule. Their development partner, Related Digital, said that they chose the best equity partner from a competitive group of options, which in this instance was not Blue Owl.
N Video.
Yes, what's happening there in video. We're also seeing fall today. So it's down right now about two percent, which is a ninety one ninety two billion dollar move in the stock. I always like to point that out because even the percent doesn't so massive. Yeah, so it's very significant. So open AIS and discussions to raise at least ten billion dollars from Amazon and use its chips, which is a major,
major competition for inn video. So they have been using in video chips, but the deal under discussion would open would use Amazon's Traanium chip and probably you know, in conjunction, right, They're not just going to use one kind of chip, but yeah, definitely sort of ramps up some competition for in video.
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