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 1: I'm Carol Masser, a longer Tim Statick. Let's get to
Speaker 1: some stocks on the move on this Friday with us
Speaker 1: as Bloomberg News crosss that reported Danizza Sikova. You know,
Speaker 1: sometimes I just have to stop talking. You should start talking, though.
Speaker 3: No, But I want to talk about the competition. The
Speaker 3: competition in AI is heating up. Meta platform shares are
Speaker 3: down four percent today. That's the biggest drops in October.
Speaker 3: Of course, we had that New York Times report about
Speaker 3: their so called Avocado model that is being delayed. But
Speaker 3: metabit made a big splash, all those big hires, you know,
Speaker 3: all the pay packages were absolutely so they made this. Yeah,
Speaker 3: they made this big campaign and now there is this
Speaker 3: delay there. Unlyst is saying that they maybe are going
Speaker 3: to license Jamine similarly to what Apple does. Really, yeah,
Speaker 3: that's something that's circulating. But it's interesting because obviously they
Speaker 3: spend all that much money and now there is a delay.
Speaker 3: Vital Knowledge is saying this report will raise further questions
Speaker 3: about the objectives of meta AI spending. So investors are
Speaker 3: not too excited about this delayed today, but you know,
Speaker 3: maybe if it indeed is delivered in a few months,
Speaker 3: maybe everything will be fine. Lots of competition open AI.
Speaker 4: It's interesting seeing that move based on this report because
Speaker 4: that is a significant move.
Speaker 1: Flower.
Speaker 4: Yeah, okay, so meta platforms on your radar? What else
Speaker 4: you watching?
Speaker 3: We're looking at Adobe and of course we're talking about
Speaker 3: the AI race, and it hasn't been nice to software
Speaker 3: company and Adobe ticker ADB shares fill as much as
Speaker 3: eight percent in earlier trading. The stock is on twenty
Speaker 3: seven percent here today. Of course, Adobe has Photoshop in
Speaker 3: design all those super complicated products to edit video audio,
Speaker 3: but now with AI, we have much simpler ways to
Speaker 3: achieve those things. And some of those software are pretty expensive.
Speaker 3: And we've saw a lot of the names like Salesforce
Speaker 3: at Last, you know, all of those have been under
Speaker 3: a lot of pressure and Adobe is just just the
Speaker 3: next onund to be part of it. And now we
Speaker 3: see the CEO slipping down who has actually seen a
Speaker 3: lot of success under his name, Wow at Adobe. But
Speaker 3: the air revolution is changing everything.
Speaker 1: Can't there just be an AI version of Adobe like
Speaker 1: or is it just.
Speaker 4: That is the concern? I mean because the software as
Speaker 4: a services company has been using AI for years, the firefla,
Speaker 4: they've come on our show to talk about, why can't
Speaker 4: they just be well, I think the concern Well, so
Speaker 4: there's a few different things here. It's a software as
Speaker 4: a service company, so you know, companies pay the recurring revenue.
Speaker 4: If you can do some of the things you do
Speaker 4: with products that Adobe makes, like if you can do
Speaker 4: certain things with AI that you don't necessarily need Photoshop
Speaker 4: for anymore, that's a threat to the company's business. But
Speaker 4: the company's embracing AI. And in the press release yesterday that,
Speaker 4: like you said, also announced that that and Ryan would
Speaker 4: be stepping aside and the new CEO would be coming in.
Speaker 4: They did say, this is a company that we're building
Speaker 4: for the AI era.
Speaker 1: I just do wonder, right, like, I don't know, we'll see.
Speaker 1: I just feel like there's going to be vertical winners
Speaker 1: in terms of specific sectors of the market. But what
Speaker 1: do I know.
Speaker 3: I think all the one stop shops are winning, and
Speaker 3: all the kind of morniche shops are clearly under pressure.
Speaker 4: Or maybe to your point, care.
Speaker 1: But that's what I think. The niche shops at some
Speaker 1: point are going to have a very specific data set
Speaker 1: that's going to be powerful rather than that broad base
Speaker 1: of data.
Speaker 4: Or maybe some analysts have pointed out that it's over sold.
Speaker 4: The concern not I'm not talking about specifically. That's sort
Speaker 4: of like the so called SaaS apocalypse and that people.
Speaker 3: We saw something buying there. A lot of people are
Speaker 3: being turning up optimistic.
Speaker 1: Talk about as I can say, just twiska decoproprium.
Speaker 3: You can say, what, wow, that's oppressive.
Speaker 1: Apparently I can't. Boy do I feel like it's Friday
Speaker 1: talked about ALTA. I thought like this was safe.
Speaker 3: Yeah, that was it was supposed to be a safe bed.
Speaker 3: Failtheen percent today it's actually a pretty big reaction. The
Speaker 3: company offered guidance for the current year that was toward
Speaker 3: the lower end of what anlysts we're expecting. Alists we're
Speaker 3: expecting about three points half percent, and their range is
Speaker 3: a little bit lower than that. But neverthless, we're seeing
Speaker 3: a massive reaction. But that company has been on a tier.
Speaker 3: The company has doubled over the past year, so perhaps
Speaker 3: we're seeing part of the reaction is coming from that
Speaker 3: that says, Udha has been doing okay. They've been expanding
Speaker 3: in many regions. They offer a lot of products that
Speaker 3: are from high end, low income and you know people
Speaker 3: love their skin care of teens, they keep buying. So
Speaker 3: give you some positive.
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