WEBVTT - Apple Jumps on Earnings, Microsoft Slides, Meta Climbs

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>This is the closing bell on the stock movers report

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<v Speaker 2>the company's making moves at the close of US trading,

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<v Speaker 2>with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifeller.

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<v Speaker 1>I'm Tim Steneveeck. Along with Carol Masser. Let's take a

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<v Speaker 1>look at some stocks on the move today. We are

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<v Speaker 1>joined by Bloomberg News cross asset reporter Emily GRAFFEO. Emily,

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<v Speaker 1>let's start with Apple.

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<v Speaker 3>Let's start with Apple.

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<v Speaker 4>I know you guys were just talking about it, and

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<v Speaker 4>the call is about to start for these earnings Right now,

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<v Speaker 4>the stock has paired initial gains. We are in the

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<v Speaker 4>post market. It's up about one percent in the post market.

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<v Speaker 4>It had spike to about three percent higher. The results

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<v Speaker 4>are pretty positive for first quarter revenue beating. It's coming

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<v Speaker 4>in one hundred and forty three eight point seven to

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<v Speaker 4>six billion versessments of about one hundred and thirty eight

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<v Speaker 4>China revenue beating, and then iPhone revenue beating as well.

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<v Speaker 4>Our very own Mark German from Blueberg News talking about

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<v Speaker 4>how one thing that we want to kind of watch

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<v Speaker 4>here as the hardware launches, which we kind of forget about,

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<v Speaker 4>right Apple, It's like, that's right, they're really a hardware

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<v Speaker 4>company here, so watching for new max iPads and iPhones.

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<v Speaker 3>And they also just launched a new air tag earlier

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<v Speaker 3>this week.

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<v Speaker 4>No oh really, okay, wait, what's so special about like

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<v Speaker 4>a new air tag.

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<v Speaker 1>This one's fifty louder and can be you can find

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<v Speaker 1>stuff from fifty percent further away for somebody like, thank you,

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<v Speaker 1>Carol for finding my wallet the other day on a

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<v Speaker 1>completely different floor of this building.

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<v Speaker 3>I did not open it take any money. It's impressive.

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<v Speaker 1>It was you did ask well because you said I

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<v Speaker 1>took all the money, so you didn't take all the money.

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<v Speaker 1>I did not take any Unprecedented demand is the way

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<v Speaker 1>that you Cook described the demand for the iPhone in

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<v Speaker 1>the recent quarter. Yeah, say no more.

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<v Speaker 3>Yeah, say no more.

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<v Speaker 1>Microsoft and Meta, these were tree that played out in

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<v Speaker 1>the regular trade. We were talking about their earnings twenty

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<v Speaker 1>four hours ago.

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<v Speaker 4>Yeah, And it's kind of two different stories here because

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<v Speaker 4>Meta was up about ten point four percent.

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<v Speaker 3>It was the biggest jump in that stock since July.

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<v Speaker 4>Revenue was stronger than expected, and that helped offset the

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<v Speaker 4>impact of higher AI spending. That's really what all investors

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<v Speaker 4>are focused on. For Meta, you have Mark Zuckerberg coming

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<v Speaker 4>out talking about how this company is going to be

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<v Speaker 4>spending hundreds of billions of dollars on AI. The question

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<v Speaker 4>is can they deliver, and at least for right now,

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<v Speaker 4>it looks like they can. Vital Knowledge said their revenue

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<v Speaker 4>forecast was quote very healthy, and then their spending outlook

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<v Speaker 4>for twenty twenty six is elevated.

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<v Speaker 3>They do see capex.

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<v Speaker 4>For the year about one hundred and fifteen billion to

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<v Speaker 4>one hundred and thirty five billion. Again that's just for

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<v Speaker 4>this year, but Vital Knowledge noting investors will continue to

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<v Speaker 4>have questions about this. The firm has the revenue and

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<v Speaker 4>they have the cash to support these outlets. So that's

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<v Speaker 4>what people keep coming back to, is that they still

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<v Speaker 4>have this balance sheet, they can spend, they can boost

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<v Speaker 4>their revenue, and so overall Meta it was higher.

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<v Speaker 3>Microsoft was a different story.

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<v Speaker 4>That stock wiping out or that company wiping out three

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<v Speaker 4>hundred and fifty seven billion dollars massive in value today.

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<v Speaker 1>First Station's twenty twenty right.

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<v Speaker 3>Yes, and when you think about that number, three hundred

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<v Speaker 3>and fifty.

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<v Speaker 4>Seven billion dollars in value, that is higher than the

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<v Speaker 4>market cap of almost all of the companies in the

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<v Speaker 4>SMP five hundred, so I mean listen, it's it's a

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<v Speaker 4>very large market cap company. So when the stock moves

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<v Speaker 4>even like just ten percent, we have these massive wipeouts.

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<v Speaker 4>But again it's all coming to records coming on AI.

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<v Speaker 4>But the growth in their cloud usits load.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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