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Stock Movers report, your roundup of companies making moves in the stock market harnessing the power of Bloomberg Data.
Just take a look at some of the stock movers today.
I'm polst Wing alongside Starlet Fluh.
Were joined by Bloomberg's Matthew Griffin. Matthew, what are you looking at today? Well, Paul, you speaking of AI infrastructure. One name that's been on my screen all morning is Marvel Technology. The chip maker. Shares are up about twenty five percent after in Vidia's Jensen Wong said that they will be the next business to hit a one trillion
dollar market valuation. Marvel, that's ticker MRVL. They don't make these AI processors that in Nvidia does, but they make other types of chips and networking equipment that are used in data centers. And of course, all of this spending going into data centers is just pouring across the supply chain into companies that make you know, every product, big or small that's used there. We're seeing another example of
long sort of golden touch. Here. You had software stocks rallying yesterday after he defended them against some of these AI concerns, and this may be one that's a bit close to home in Nvidia actually took a two billion dollar stake in Marvel three months ago as part of a partnership. And there we go back to the whole circular financing thing and the insidious relationship between all these
different players. All right, what's next, well, Scarlett. Another one that is seeing a big rally today is Victoria's Secret. They have a new ticker VSXY. They're up forty eight percent this morning after they beat Earning's expectations and boosted an outlook. They now see annual net sales as much as seven point one three billion. They saw a little under seven billion before. There could be a bit of
a short squeeze going on here. Data from S three Partners shows that at almost twenty percent of their tradable shares are held short. That being said, this is also so probably some fundamental optimism. There's this turnaround effort going on under CEO Hillary Souper, and investors showing today that this is a step in the right direction.
All Right, here's the hard segue of the day from Three Secrets for Deer.
It's going on, John Dear, Yes and deer not seeing the kind of explosive rally that these other names are. But you know, up about three percent respectable. That's ticker Dee. That's after the Trump administration said it was going to cut tariffs on farm equipment starting June eighth. It's these metal sector tariffs that's actually the ones that are applied to things like tractors, combines, harvesters. They're cutting them to
fifteen percent from twenty five percent. This is something that has emerged as a problem for the administration in an election year, midterm year. Farmers are struggling. They don't want this equipment to be any more expensive than necessary, and tariffs have been a pain point here. They also cut levies on residential HVAC systems construction equipment, so you've got names like Carrier and Caterpillar.
Also the Stockmovers 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.