WEBVTT - Meta Rises, Nebius Up, Dollar Tree Gains on Sales Projection

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today. For that joined by Bloombergs touch on Na.

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<v Speaker 3>What are you looking at today, Well, we got to

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<v Speaker 3>talk about Meta shares. They are up by about three

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<v Speaker 3>percent after reports the social media Gina is planning layoffs

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<v Speaker 3>that could effect about twenty percent of its workforce or more.

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<v Speaker 3>No date has been set for discuts. The magnitude is

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<v Speaker 3>also a moving target. Nonetheless, in the world of aikopex

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<v Speaker 3>overshadowing everything else, a reduction in the labor force is

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<v Speaker 3>welcome by the market, particularly if it comes as a

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<v Speaker 3>result of AI productivity. But let's see more on that

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<v Speaker 3>when the company actually announces something. Again, this is based

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<v Speaker 3>on a Reuters report without a confirmation for the company.

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<v Speaker 3>Shares up by three percent this morning. Right, let's stay

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<v Speaker 3>in the tech space.

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<v Speaker 1>What do you have for number two?

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<v Speaker 3>Well, where we have a confirmation is actually metas deal

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<v Speaker 3>with Nebuus and we'll pay about as much as twenty

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<v Speaker 3>seven billion dollars over the next five years to access

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<v Speaker 3>AI infrastructure from the cloud provider as it spends aggressively

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<v Speaker 3>to compete for the top frontier models. Nebuus is a

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<v Speaker 3>Dutch company listed in the US and so called neocloud

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<v Speaker 3>that operates data centers and has a strategic partnership with Nvidia. Separately,

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<v Speaker 3>Meta also committed to buying as much as fifteen billion

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<v Speaker 3>dollars in additional capacity that the cloud provider is building

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<v Speaker 3>for third party clients. So all in all, this represents

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<v Speaker 3>one of the biggest single contracts for Meta, which tells

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<v Speaker 3>you you know, two things here that the AI trade

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<v Speaker 3>is alive and well in parts of the market, and

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<v Speaker 3>the second one that the war isn't really impact on

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<v Speaker 3>capex plans just yet, just yet.

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<v Speaker 2>Okay, the numbers are big, but that AI story really

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<v Speaker 2>gets me here because that just I think that pretends

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<v Speaker 2>other industries as well.

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<v Speaker 3>Yeah, I mean, obviously big time.

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<v Speaker 2>I mean, so I'm sticking with my strategy or my

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<v Speaker 2>call that it's a net destroyer of jobs, that being

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<v Speaker 2>AI versus a net creator. One more dollar.

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<v Speaker 3>Tree Dollar Tree shares are up by five percent, really

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<v Speaker 3>rebounding here from losses in the pre market on a

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<v Speaker 3>mixed annual outlook, which raised some doubts about its ability

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<v Speaker 3>to keep winning shoppers with low prices and sell projection

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<v Speaker 3>for this year of about twenty one billion dollars equates

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<v Speaker 3>to growth of about seven percent, and that is a

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<v Speaker 3>slowdown from a gain of ten percent last year overall

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<v Speaker 3>though for court to profits top to projections, so it

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<v Speaker 3>looks like the street is coming back saying that maybe

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<v Speaker 3>that outlook was just out of abundance of caution in

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<v Speaker 3>this tough environment. But man, with oil prices up so

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<v Speaker 3>much and other as you guys mentioned prices too, one

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<v Speaker 3>would have to really think that Dollar Tree would benefit

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<v Speaker 3>from that.

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