Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading,
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifeller.
Speaker 1: I'm Tim Steneveeck. Along with Carol Masser. Let's take a
Speaker 1: look at some stocks on the move today. We are
Speaker 1: joined by Bloomberg News cross asset reporter Emily GRAFFEO. Emily,
Speaker 1: let's start with Apple.
Speaker 3: Let's start with Apple.
Speaker 4: I know you guys were just talking about it, and
Speaker 4: the call is about to start for these earnings Right now,
Speaker 4: the stock has paired initial gains. We are in the
Speaker 4: post market. It's up about one percent in the post market.
Speaker 4: It had spike to about three percent higher. The results
Speaker 4: are pretty positive for first quarter revenue beating. It's coming
Speaker 4: in one hundred and forty three eight point seven to
Speaker 4: six billion versessments of about one hundred and thirty eight
Speaker 4: China revenue beating, and then iPhone revenue beating as well.
Speaker 4: Our very own Mark German from Blueberg News talking about
Speaker 4: how one thing that we want to kind of watch
Speaker 4: here as the hardware launches, which we kind of forget about,
Speaker 4: right Apple, It's like, that's right, they're really a hardware
Speaker 4: company here, so watching for new max iPads and iPhones.
Speaker 3: And they also just launched a new air tag earlier
Speaker 3: this week.
Speaker 4: No oh really, okay, wait, what's so special about like
Speaker 4: a new air tag.
Speaker 1: This one's fifty louder and can be you can find
Speaker 1: stuff from fifty percent further away for somebody like, thank you,
Speaker 1: Carol for finding my wallet the other day on a
Speaker 1: completely different floor of this building.
Speaker 3: I did not open it take any money. It's impressive.
Speaker 1: It was you did ask well because you said I
Speaker 1: took all the money, so you didn't take all the money.
Speaker 1: I did not take any Unprecedented demand is the way
Speaker 1: that you Cook described the demand for the iPhone in
Speaker 1: the recent quarter. Yeah, say no more.
Speaker 3: Yeah, say no more.
Speaker 1: Microsoft and Meta, these were tree that played out in
Speaker 1: the regular trade. We were talking about their earnings twenty
Speaker 1: four hours ago.
Speaker 4: Yeah, And it's kind of two different stories here because
Speaker 4: Meta was up about ten point four percent.
Speaker 3: It was the biggest jump in that stock since July.
Speaker 4: Revenue was stronger than expected, and that helped offset the
Speaker 4: impact of higher AI spending. That's really what all investors
Speaker 4: are focused on. For Meta, you have Mark Zuckerberg coming
Speaker 4: out talking about how this company is going to be
Speaker 4: spending hundreds of billions of dollars on AI. The question
Speaker 4: is can they deliver, and at least for right now,
Speaker 4: it looks like they can. Vital Knowledge said their revenue
Speaker 4: forecast was quote very healthy, and then their spending outlook
Speaker 4: for twenty twenty six is elevated.
Speaker 3: They do see capex.
Speaker 4: For the year about one hundred and fifteen billion to
Speaker 4: one hundred and thirty five billion. Again that's just for
Speaker 4: this year, but Vital Knowledge noting investors will continue to
Speaker 4: have questions about this. The firm has the revenue and
Speaker 4: they have the cash to support these outlets. So that's
Speaker 4: what people keep coming back to, is that they still
Speaker 4: have this balance sheet, they can spend, they can boost
Speaker 4: their revenue, and so overall Meta it was higher.
Speaker 3: Microsoft was a different story.
Speaker 4: That stock wiping out or that company wiping out three
Speaker 4: hundred and fifty seven billion dollars massive in value today.
Speaker 1: First Station's twenty twenty right.
Speaker 3: Yes, and when you think about that number, three hundred
Speaker 3: and fifty.
Speaker 4: Seven billion dollars in value, that is higher than the
Speaker 4: market cap of almost all of the companies in the
Speaker 4: SMP five hundred, so I mean listen, it's it's a
Speaker 4: very large market cap company. So when the stock moves
Speaker 4: even like just ten percent, we have these massive wipeouts.
Speaker 4: But again it's all coming to records coming on AI.
Speaker 4: But the growth in their cloud usits load.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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