Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today. For that joined by Bloombergs touch on Na.
Speaker 3: What are you looking at today, Well, we got to
Speaker 3: talk about Meta shares. They are up by about three
Speaker 3: percent after reports the social media Gina is planning layoffs
Speaker 3: that could effect about twenty percent of its workforce or more.
Speaker 3: No date has been set for discuts. The magnitude is
Speaker 3: also a moving target. Nonetheless, in the world of aikopex
Speaker 3: overshadowing everything else, a reduction in the labor force is
Speaker 3: welcome by the market, particularly if it comes as a
Speaker 3: result of AI productivity. But let's see more on that
Speaker 3: when the company actually announces something. Again, this is based
Speaker 3: on a Reuters report without a confirmation for the company.
Speaker 3: Shares up by three percent this morning. Right, let's stay
Speaker 3: in the tech space.
Speaker 1: What do you have for number two?
Speaker 3: Well, where we have a confirmation is actually metas deal
Speaker 3: with Nebuus and we'll pay about as much as twenty
Speaker 3: seven billion dollars over the next five years to access
Speaker 3: AI infrastructure from the cloud provider as it spends aggressively
Speaker 3: to compete for the top frontier models. Nebuus is a
Speaker 3: Dutch company listed in the US and so called neocloud
Speaker 3: that operates data centers and has a strategic partnership with Nvidia. Separately,
Speaker 3: Meta also committed to buying as much as fifteen billion
Speaker 3: dollars in additional capacity that the cloud provider is building
Speaker 3: for third party clients. So all in all, this represents
Speaker 3: one of the biggest single contracts for Meta, which tells
Speaker 3: you you know, two things here that the AI trade
Speaker 3: is alive and well in parts of the market, and
Speaker 3: the second one that the war isn't really impact on
Speaker 3: capex plans just yet, just yet.
Speaker 2: Okay, the numbers are big, but that AI story really
Speaker 2: gets me here because that just I think that pretends
Speaker 2: other industries as well.
Speaker 3: Yeah, I mean, obviously big time.
Speaker 2: I mean, so I'm sticking with my strategy or my
Speaker 2: call that it's a net destroyer of jobs, that being
Speaker 2: AI versus a net creator. One more dollar.
Speaker 3: Tree Dollar Tree shares are up by five percent, really
Speaker 3: rebounding here from losses in the pre market on a
Speaker 3: mixed annual outlook, which raised some doubts about its ability
Speaker 3: to keep winning shoppers with low prices and sell projection
Speaker 3: for this year of about twenty one billion dollars equates
Speaker 3: to growth of about seven percent, and that is a
Speaker 3: slowdown from a gain of ten percent last year overall
Speaker 3: though for court to profits top to projections, so it
Speaker 3: looks like the street is coming back saying that maybe
Speaker 3: that outlook was just out of abundance of caution in
Speaker 3: this tough environment. But man, with oil prices up so
Speaker 3: much and other as you guys mentioned prices too, one
Speaker 3: would have to really think that Dollar Tree would benefit
Speaker 3: from that.
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