WEBVTT - Big Tech Earnings Gains; Nvidia Rally Continues

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today on Paul Sweny alongside at Lexis Christophers,

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<v Speaker 2>and we're joined by Bloomberg's Lisa tayl Lisa, what do

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<v Speaker 2>you out for us?

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<v Speaker 3>All right? I want to start with Amazon taker AMZN.

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<v Speaker 3>Their share has been up as much as thirteen percent.

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<v Speaker 3>I mean, this is an Amazon Web services story. The

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<v Speaker 3>cloud unit posted the strongest growth rate in almost three years.

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<v Speaker 3>Third quarter revenue thirty three billion dollars really ease Investorsphares

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<v Speaker 3>because they were worried that it was losing ground to competitors,

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<v Speaker 3>people like Microsoft's Azure Cloud Business, Alphabet's Google Cloud. Their

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<v Speaker 3>total sales rose about thirteen percent, but a lot of

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<v Speaker 3>it was around AI news. They said, it's shopping chat

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<v Speaker 3>but chatbot Rufus is going to help deliver an additional

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<v Speaker 3>ten billion in annual sales. I haven't seen Rufus roofs yes, I.

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<v Speaker 2>Don't know if I want to see this. I got Alexis,

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<v Speaker 2>I got Siri I needs. What else do I need?

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<v Speaker 2>There's a there's a lot, okay.

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<v Speaker 3>And then finally the CFO was saying that Amazon's invested

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<v Speaker 3>heavily and the data centers are chips right to build

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<v Speaker 3>operate the AI models that can generate the text or

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<v Speaker 3>images automating processes. Cap X rose about sixty one percent

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<v Speaker 3>to a record thirty four point two billion dollars.

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<v Speaker 2>In the quarter.

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<v Speaker 3>Too ironic though, that the AWS outage happened this past week.

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<v Speaker 2>Yes, yeah, good point. But I mean just think of

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<v Speaker 2>the numbers here. This is what blows me away. I've

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<v Speaker 2>been doing this Wall Street stuff for forty years. The

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<v Speaker 2>numbers blow me away. Just today, when a stock opens

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<v Speaker 2>up thirteen percent, that'll be three hundred billion dollars of

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<v Speaker 2>new equity value created for the shareholders. And just the

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<v Speaker 2>flick of switch. And what does it do for mister Bezos? Yeah, exactly, Rich, Rich,

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<v Speaker 2>go is the function. I'll be looking at that, just

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<v Speaker 2>thinking about it. All Right, what else you got?

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<v Speaker 3>Okay? So Apple, ticlar AAPL, their share has been up

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<v Speaker 3>more than two percent. They said it's gonna have a

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<v Speaker 3>jump and sale of the holiday season because of the

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<v Speaker 3>new iPhones, and it really short investors that that product

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<v Speaker 3>is going to be a growth engine for them, because

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<v Speaker 3>they were kind of worried about it. The CFO said,

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<v Speaker 3>revenue in the fiscal first quarter runs through December, it's

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<v Speaker 3>going to rise by ten percent to twelve percent. He said,

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<v Speaker 3>it's going to be our best iPhone quarter ever, so

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<v Speaker 3>really behind it. If you look at the iPhone, I

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<v Speaker 3>mean the new one, They updated the designs, they introduced

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<v Speaker 3>this like ultra thin model called the Air, so there

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<v Speaker 3>have been some up to to it. The lineup is

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<v Speaker 3>the company's biggest money maker, accounting for roughly half of

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<v Speaker 3>its revenue. So it's a big big I'm product buying it.

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<v Speaker 2>You're still with my iPhone fifteen pro, thank you very much. Well.

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<v Speaker 3>All made fun of me the other day because he

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<v Speaker 3>asked for a charger and I gave him mind and

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<v Speaker 3>he has the new one.

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<v Speaker 1>And he's like, what is this?

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<v Speaker 2>I mean, what are you doing to me? Alexis. He

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<v Speaker 2>asked about Jeff Bezos. He is when you go to rich,

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<v Speaker 2>go of the richest folks out there in the world.

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<v Speaker 2>He ranks number three, two hundred and forty six billion dollars.

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<v Speaker 2>If the stock opens up, say ten percent, he'll still

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<v Speaker 2>be number three, but that's okay. Larry Ellison's number two

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<v Speaker 2>with three hundred and sixteen billion, and Elon Musk is

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<v Speaker 2>number one. It was four hundred and fifty six billion dollars,

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<v Speaker 2>so there you go. Yeah, it could be more of a topsation.

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<v Speaker 2>Mary Elson's had six. Larry Elson's had the best year

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<v Speaker 2>in terms of net worth increase, one hundred and twenty

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<v Speaker 2>four billion dollars a net increase in his net worth

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<v Speaker 2>this year, so good for him.

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<v Speaker 3>Gosh, oh gosh, let's go to someone else's doing but

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<v Speaker 3>another Jensen Wong. Huh oh yeah, just another good one.

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<v Speaker 3>Let's hit in video ticker MVTA. There just shares has

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<v Speaker 3>been up more than two percent. So there's been actually

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<v Speaker 3>a number of Nvidia deals and Vidy's going to supply

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<v Speaker 3>more than two hundred and sixty thousand AI chips the

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<v Speaker 3>Samsung Hyundai x SK group. These are deals broken with

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<v Speaker 3>South Korea's government. Then on top of that, you have

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<v Speaker 3>sources saying and Vidia's gonna invest as much as one

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<v Speaker 3>billion in the AI company pool side, and all that said,

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<v Speaker 3>you also have Jensen Wong saying that he hopes to

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<v Speaker 3>sell the Blackwell chips to customers in China. Someday, okay,

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<v Speaker 3>he total boilers.

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<v Speaker 2>President Trump, you like, it's not gonna happen anytime.

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<v Speaker 3>And originally he did. He said, you know what, I'm

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<v Speaker 3>going to talk with you know, maybe I'll talk with Jijiping.

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<v Speaker 3>And now it just didn't happen. But I mean, earlier

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<v Speaker 3>this week it became, you know, the company to reach

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<v Speaker 3>five trillion dollars in marketing apps. By the way, he

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<v Speaker 3>is now Jensenflong is the ninth richest person.

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<v Speaker 1>See the stockmover's report from Bloomberg Radio. Check back with

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