1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

2
00:00:10,080 --> 00:00:13,520
Speaker 2: This is the closing bell on the stock movers report

3
00:00:13,760 --> 00:00:16,720
Speaker 2: the company's making moves at the close of US trading,

4
00:00:16,880 --> 00:00:21,560
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifeller.

5
00:00:22,720 --> 00:00:25,119
Speaker 1: I'm Tim Steneveeck. Along with Carol Masser. Let's take a

6
00:00:25,120 --> 00:00:26,720
Speaker 1: look at some stocks on the move today. We are

7
00:00:26,760 --> 00:00:31,280
Speaker 1: joined by Bloomberg News cross asset reporter Emily GRAFFEO. Emily,

8
00:00:31,800 --> 00:00:32,720
Speaker 1: let's start with Apple.

9
00:00:32,840 --> 00:00:33,600
Speaker 3: Let's start with Apple.

10
00:00:33,640 --> 00:00:35,519
Speaker 4: I know you guys were just talking about it, and

11
00:00:35,640 --> 00:00:38,639
Speaker 4: the call is about to start for these earnings Right now,

12
00:00:38,680 --> 00:00:42,879
Speaker 4: the stock has paired initial gains. We are in the

13
00:00:42,920 --> 00:00:46,000
Speaker 4: post market. It's up about one percent in the post market.

14
00:00:46,120 --> 00:00:49,360
Speaker 4: It had spike to about three percent higher. The results

15
00:00:49,640 --> 00:00:53,160
Speaker 4: are pretty positive for first quarter revenue beating. It's coming

16
00:00:53,159 --> 00:00:56,280
Speaker 4: in one hundred and forty three eight point seven to

17
00:00:56,320 --> 00:00:59,480
Speaker 4: six billion versessments of about one hundred and thirty eight

18
00:01:00,400 --> 00:01:05,080
Speaker 4: China revenue beating, and then iPhone revenue beating as well.

19
00:01:05,840 --> 00:01:08,600
Speaker 4: Our very own Mark German from Blueberg News talking about

20
00:01:08,600 --> 00:01:11,280
Speaker 4: how one thing that we want to kind of watch

21
00:01:11,280 --> 00:01:14,280
Speaker 4: here as the hardware launches, which we kind of forget about,

22
00:01:14,319 --> 00:01:16,600
Speaker 4: right Apple, It's like, that's right, they're really a hardware

23
00:01:16,640 --> 00:01:21,360
Speaker 4: company here, so watching for new max iPads and iPhones.

24
00:01:21,600 --> 00:01:24,080
Speaker 3: And they also just launched a new air tag earlier

25
00:01:24,640 --> 00:01:25,160
Speaker 3: this week.

26
00:01:25,280 --> 00:01:29,720
Speaker 4: No oh really, okay, wait, what's so special about like

27
00:01:29,720 --> 00:01:30,680
Speaker 4: a new air tag.

28
00:01:30,800 --> 00:01:34,280
Speaker 1: This one's fifty louder and can be you can find

29
00:01:34,280 --> 00:01:38,720
Speaker 1: stuff from fifty percent further away for somebody like, thank you,

30
00:01:38,760 --> 00:01:41,319
Speaker 1: Carol for finding my wallet the other day on a

31
00:01:41,360 --> 00:01:43,120
Speaker 1: completely different floor of this building.

32
00:01:43,240 --> 00:01:46,200
Speaker 3: I did not open it take any money. It's impressive.

33
00:01:46,200 --> 00:01:49,760
Speaker 1: It was you did ask well because you said I

34
00:01:49,800 --> 00:01:52,040
Speaker 1: took all the money, so you didn't take all the money.

35
00:01:52,160 --> 00:01:55,040
Speaker 1: I did not take any Unprecedented demand is the way

36
00:01:55,040 --> 00:01:58,320
Speaker 1: that you Cook described the demand for the iPhone in

37
00:01:58,320 --> 00:02:00,760
Speaker 1: the recent quarter. Yeah, say no more.

38
00:02:00,640 --> 00:02:01,400
Speaker 3: Yeah, say no more.

39
00:02:01,560 --> 00:02:04,320
Speaker 1: Microsoft and Meta, these were tree that played out in

40
00:02:04,320 --> 00:02:06,600
Speaker 1: the regular trade. We were talking about their earnings twenty

41
00:02:06,600 --> 00:02:07,320
Speaker 1: four hours ago.

42
00:02:07,520 --> 00:02:10,920
Speaker 4: Yeah, And it's kind of two different stories here because

43
00:02:10,960 --> 00:02:12,919
Speaker 4: Meta was up about ten point four percent.

44
00:02:12,919 --> 00:02:15,000
Speaker 3: It was the biggest jump in that stock since July.

45
00:02:15,520 --> 00:02:18,880
Speaker 4: Revenue was stronger than expected, and that helped offset the

46
00:02:18,919 --> 00:02:24,000
Speaker 4: impact of higher AI spending. That's really what all investors

47
00:02:24,040 --> 00:02:26,359
Speaker 4: are focused on. For Meta, you have Mark Zuckerberg coming

48
00:02:26,400 --> 00:02:28,720
Speaker 4: out talking about how this company is going to be

49
00:02:28,760 --> 00:02:33,520
Speaker 4: spending hundreds of billions of dollars on AI. The question

50
00:02:33,639 --> 00:02:35,640
Speaker 4: is can they deliver, and at least for right now,

51
00:02:35,960 --> 00:02:39,600
Speaker 4: it looks like they can. Vital Knowledge said their revenue

52
00:02:39,680 --> 00:02:43,320
Speaker 4: forecast was quote very healthy, and then their spending outlook

53
00:02:43,360 --> 00:02:44,960
Speaker 4: for twenty twenty six is elevated.

54
00:02:45,040 --> 00:02:46,799
Speaker 3: They do see capex.

55
00:02:46,280 --> 00:02:49,040
Speaker 4: For the year about one hundred and fifteen billion to

56
00:02:49,040 --> 00:02:50,960
Speaker 4: one hundred and thirty five billion. Again that's just for

57
00:02:51,080 --> 00:02:54,720
Speaker 4: this year, but Vital Knowledge noting investors will continue to

58
00:02:54,760 --> 00:02:57,600
Speaker 4: have questions about this. The firm has the revenue and

59
00:02:57,639 --> 00:03:01,200
Speaker 4: they have the cash to support these outlets. So that's

60
00:03:01,320 --> 00:03:04,119
Speaker 4: what people keep coming back to, is that they still

61
00:03:04,160 --> 00:03:07,400
Speaker 4: have this balance sheet, they can spend, they can boost

62
00:03:07,400 --> 00:03:10,000
Speaker 4: their revenue, and so overall Meta it was higher.

63
00:03:10,080 --> 00:03:11,480
Speaker 3: Microsoft was a different story.

64
00:03:12,360 --> 00:03:14,960
Speaker 4: That stock wiping out or that company wiping out three

65
00:03:15,080 --> 00:03:19,440
Speaker 4: hundred and fifty seven billion dollars massive in value today.

66
00:03:19,160 --> 00:03:20,919
Speaker 1: First Station's twenty twenty right.

67
00:03:20,840 --> 00:03:23,600
Speaker 3: Yes, and when you think about that number, three hundred

68
00:03:23,600 --> 00:03:24,200
Speaker 3: and fifty.

69
00:03:23,919 --> 00:03:28,280
Speaker 4: Seven billion dollars in value, that is higher than the

70
00:03:28,320 --> 00:03:31,600
Speaker 4: market cap of almost all of the companies in the

71
00:03:31,720 --> 00:03:35,200
Speaker 4: SMP five hundred, so I mean listen, it's it's a

72
00:03:35,280 --> 00:03:37,960
Speaker 4: very large market cap company. So when the stock moves

73
00:03:38,000 --> 00:03:41,200
Speaker 4: even like just ten percent, we have these massive wipeouts.

74
00:03:41,240 --> 00:03:44,560
Speaker 4: But again it's all coming to records coming on AI.

75
00:03:44,960 --> 00:03:47,120
Speaker 4: But the growth in their cloud usits load.

76
00:03:48,800 --> 00:03:52,840
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

77
00:03:52,920 --> 00:03:55,480
Speaker 2: us throughout the day for the latest roundup of companies

78
00:03:55,560 --> 00:03:58,640
Speaker 2: making news on Wall Street and for the latest market

79
00:03:58,680 --> 00:04:03,160
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

80
00:04:03,240 --> 00:04:06,720
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

81
00:04:06,800 --> 00:04:08,280
Speaker 2: the Bloomberg Business app.