Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: Alexis CHRISTOPHERUS with stock Movers. What do you have?
Speaker 4: I'm going to start with Oracle.
Speaker 5: It's trying to put to bed those those concerns about,
Speaker 5: you know, investing in AI and whether or not it's
Speaker 5: going to pay off. It seems like it's paying off
Speaker 5: for Oracle. So the stock is up about ten percent here.
Speaker 5: Pre market reported strong sales for last quarter, issued an
Speaker 5: outlook that suggests little let up here in demand for
Speaker 5: AI computing. Revenue in Oracle's infrastructure business jumping to four
Speaker 5: point nine billion in the quarter, surpassing estimates. And get this,
Speaker 5: the company's total revenue will reach ninety billion dollars in
Speaker 5: the fiscal year, handily beating estimates.
Speaker 3: It was down sixty one percent.
Speaker 4: I did not know that.
Speaker 3: That's crazy.
Speaker 1: How Larry Ellison's doing deal I mean Chat, GPT, Open
Speaker 1: AI Meta, I mean, I mean Oracles then deals with all.
Speaker 4: Of them yep, so you know.
Speaker 5: Also, yeah, Chat, GPT, exactly meta all of those things,
Speaker 5: you know, big time shoveling billions of dollars into these
Speaker 5: massive bets, and Wall Street seems to like it. Oh yeah,
Speaker 5: the stock was down twenty three percent to date. I
Speaker 5: was surprised by that, and.
Speaker 3: I would say that the guests are sort of re
Speaker 3: reinvigorated about AI. I would say, in the last.
Speaker 4: Seems that way.
Speaker 5: Well, they're also I think focused on other things, right,
Speaker 5: so we're not so yeah, you have a second stock,
Speaker 5: of course I do. Campbell's all right, down five percent
Speaker 5: here today, down eleven and a half percent year to date,
Speaker 5: and in the past year down thirty eight percent. Ouch
Speaker 5: cut its profit out look to the lowest in a decade.
Speaker 4: This is a soap company, can this company? Correct? But
Speaker 4: also a snacks company.
Speaker 5: They own a whole sluice snacks, pretzels, the little goldfish,
Speaker 5: kettle chips.
Speaker 3: Excuse me, you mean have Pridge Firm gold. Yes, they
Speaker 3: are my mother's favorite.
Speaker 4: They're so good.
Speaker 3: You move them with an old fashioned like a pro.
Speaker 4: Continue.
Speaker 5: There's a combination for you. So this next division missing expectations,
Speaker 5: primarily driven by declines in ships and pressels, also supply
Speaker 5: constraints related to fresh bakery and third party partner brands.
Speaker 5: So this is impacting the company, and they also, you know,
Speaker 5: are being impacted by the tariff situation and trying not
Speaker 5: to have to raise prices on consumers.
Speaker 3: So you know, ten year annualized return negative five point
Speaker 3: per year. Let me ask you a question that was
Speaker 3: asked ten years ago and twenty years ago, Damien, when
Speaker 3: does somebody put Campbell's soup out of their misery?
Speaker 1: Look, I mean, I don't know much about the company
Speaker 1: and what it I mean, I didn't know that they
Speaker 1: actually owned Pepperdge Farms. But the reality is I went
Speaker 1: to school with one of the heirs to the Doran's family,
Speaker 1: a Shock, and back at Vanderbilt and Cases he was
Speaker 1: a great He's great dude. But listen, I mean, you know,
Speaker 1: great company. I mean, it's certainly a consumer staple. I
Speaker 1: guess you would put it, you would you put for sure.
Speaker 5: Let's shot to innovate, right because folks are just not
Speaker 5: eating this kind of food as much anymore as we
Speaker 5: also look to healthy.
Speaker 3: Yeah, growth since twenty twenty four.
Speaker 4: And you had a big map.
Speaker 5: Yeah, there's not much to get excited about. And I
Speaker 5: think that's you know what, I have cream of mushroom
Speaker 5: because I make that string being casserole thingy and you
Speaker 5: need the cream of mushroom to be in it. But
Speaker 5: I don't really You.
Speaker 3: Probably of Hamburger helper.
Speaker 4: Now I one more. Nebvius up ten percent.
Speaker 5: It's popping after in video announced it's going to invest
Speaker 5: two billion dollars in this AI cloud company. The announcement
Speaker 5: comes a week, of course after in video unveiled strategic
Speaker 5: partnerships with Lumentin and Coherent, so they just keep throwing
Speaker 5: money at AI. As part of this deal, these companies
Speaker 5: are going to collaborate on infrastructure fleet management, and Vidia
Speaker 5: said the investment reflects it's confidence and Nevius is business
Speaker 5: and engineering expertise.
Speaker 4: Wow, oh wow.
Speaker 5: What a cheerleader here for a nebus and we're seeing
Speaker 5: the stock react in the pre market.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
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