Closing Bell: HPE Rallies, Dell Gains, Oracle Slips

0:00The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day. My fellow Americans, this is Liberation Day. Stories that move markets. Chair Powell opened the door to this first interest rate cut. Impact politics, change businesses. This is a really stunning development for the AI world and how you think about your bottom line. Listen to the Big Take from Bloomberg News every week day afternoon. On the iHeart Radio app, Apple podcasts or wherever you get your podcasts. Bloomberg Audio Studios. Podcasts, radio, news. This is the Closing Bell. On the stock movers report, the company's making moves at the close of US trading with Carol Maser, Tim Stenevek, Romain Bostic and Katie Griefeld. Let's get to some of the individual gainers if I may. And let's start with Hula Packard Enterprise. HPE is the ticker finishing at a record close 12.4% to the upside today.

1:05Here's a risen more than 150% 150% this year, supported by strong air. Thanks for clarifying that. One five zero. See? Because she do that to you, too, Tim. Tim's not paying attention. Every, she know what? He's smart. I know, I know when to open this mouth of mine. I have the beauty. I don't have to say that. I was informed yesterday. I'm about to spend four days in California with her. There's several hundred feet of security. I know. I know where you sit in the newsroom. All right. So we've seen HPE on a tear this year. Strong AI-related demand for its servers. That's been pushing it higher up 150% here. Today, the rally in the share price coming in the wake of bullish results from Oracle, the Oracle had a tougher day in today's trade. But anyway, those Oracle results showed pointed to strong AI demand. You might remember last week. Was that like, because I saw like Dell was up and on semi, not all, but then all because of the world. I was kind of out of the loop earlier today. Was that why we saw that rally?

2:05Well, Dell was up. It was the top game in the S&P. We saw that stack up about 12% or so. RBC actually coming out capital markets. RBC capital markets started coverage on the company with an outperform rating at a $640 price share target. Firm-siding strong AI infrastructure demand stocks up. That one's up like more than 340% year to date. Forgive me, finishing just shy of 12%. So yeah, I don't know. It feels like different stories for each one. Wait, I get to go back to one that we don't talk about a lot. Okay, yeah, yeah. We don't talk about it. You're not going to shortchange your kids. All right, take our ACVA, ACV auction. Oh, yeah, into this. I know. See I knew. The CEO's a good guy. A gift for you. I care, I care. Stack up about 44%. It's a vehicle auctioneer copart that agreed to buy ACV auctions, which is a digital car marketplace for 1.9 billion. It was an all cash transaction. So kind of interesting. Something different in the trade. All right, I'm done. You mentioned Oracle Carol.

3:05I did. It was higher for much of the day today. It was up as much as 7.5% earlier in the session. Then it declined. A little major reversal, I should say, in the trade today, down 1.8%. It did deliver quarterly cloud computing revenue that exceeded Wall Street's expectations. Margin's gross margins for the company, though, narrowed. Sales in the cloud infrastructure business jumped to 7.4 billion. That was above estimates from analysts. And the company added 850 megawatts of data center capacity in the quarter. Still shares Oracle up as much as 7.5% earlier in the session. Ended up falling today by 1.8%. And let's look at what happened with ADRs of the apparel company, Puma today. PUM is the ticker, PUMGY. It fell 2.4%. This, the lowest level going back to March 30th, Intra Day, I should say. Chief commercial officer, Matthias Balmer, stepping down from management board at the end of this month. RBC capital markets also separately slashed its EBIT estimates for the company,

4:05citing a challenging marketplace. The company Puma cited personal reasons behind Balmer's decision. And the company says that a successor will be announced in due course with the CEO Arthur Holt to oversee the company sales organization and subsidiaries in the meantime. And finally, a little bit of next-generation energy, these small modular reactors, new scale power fell by more than 15% today. UBS cut its recommendation on the company to sell from neutral on increased competition, lowered the price target to $6 from $10. We talked to Will Wade about this stuff all the time, these SMR small modular reactors. They're still not out in the wild at this point. Like these things are still quite a ways away, but doesn't mean there's no shortage of companies that are going after the space with the increased need for energy and the demand they were seeing from a lot of these cloud computing companies and these hyper scalers. But still, we're not seeing these small modular reactors in the wild yet. This Stock Movers Report from Bloomberg Radio,

5:08check 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.com and on Apple CarPlay and Android Auto with the Bloomberg Business app. The Big Tech podcast from Bloomberg News keeps you on top of the biggest stories of the day. By fellow Americans, this is Liberation Day. Stories that move markets. Chair Powell opened the door to this first interest rate cut. Impact politics, change businesses. This is a really stunning development for the AI world and how you think about your bottom line. Listen to the Big Tech from Bloomberg News every week day afternoon on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts. The Big Tech podcast from Bloomberg News keeps you on top of the biggest stories of the day. By fellow Americans, this is Liberation Day.

6:10Stories that move markets. Chair Powell opened the door to this first interest rate cut. Impact politics, change businesses. This is a really stunning development for the AI world and how you think about your bottom line. Listen to the Big Tech from Bloomberg News every week day afternoon on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.