1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:19,280 Speaker 1: You got to sell off in the market. Today's take 5 00:00:19,280 --> 00:00:21,200 Speaker 1: a look at some of the stocks on the move. 6 00:00:21,280 --> 00:00:23,639 Speaker 3: We can do that with Christine Quino, Managing editor for 7 00:00:23,800 --> 00:00:25,720 Speaker 3: Markets Live, joining us here in the studio. 8 00:00:26,040 --> 00:00:28,080 Speaker 1: What are looking at, Christina? All right, well, let's start 9 00:00:28,120 --> 00:00:30,520 Speaker 1: with Meta because we're going to get those earnings after 10 00:00:30,680 --> 00:00:34,000 Speaker 1: the bell later today, So took her m ETA. Those 11 00:00:34,000 --> 00:00:37,080 Speaker 1: shares trending just slightly lower, down about four tenths of 12 00:00:37,280 --> 00:00:40,159 Speaker 1: one percent here, and so really a few things that 13 00:00:40,200 --> 00:00:42,440 Speaker 1: investors are going to be looking out for those second 14 00:00:42,520 --> 00:00:44,960 Speaker 1: quarter results. A lot of focus on their efforts to 15 00:00:44,960 --> 00:00:48,000 Speaker 1: build a cloud business because potentially that opens up a 16 00:00:48,040 --> 00:00:52,000 Speaker 1: new revenue stream. It could help offset their aggressive spending 17 00:00:52,080 --> 00:00:55,680 Speaker 1: on artificial intelligence. Now, of course, Cape's very much a 18 00:00:55,680 --> 00:00:58,120 Speaker 1: big focus as well for a lot of these hyperscalers 19 00:00:58,360 --> 00:01:02,440 Speaker 1: and big tech companies. So they guided for Capex to 20 00:01:02,760 --> 00:01:05,040 Speaker 1: increase to as much as one hundred and forty five 21 00:01:05,200 --> 00:01:08,200 Speaker 1: billion dollars during their last earnings reports. So we'll see 22 00:01:08,240 --> 00:01:10,880 Speaker 1: what that number looks like for the second quarter. And 23 00:01:10,920 --> 00:01:13,080 Speaker 1: of course we know that Bloomberg News reported earlier this 24 00:01:13,160 --> 00:01:16,000 Speaker 1: month that Meta was developing plans to sell access to 25 00:01:16,080 --> 00:01:19,120 Speaker 1: its AI computing power, so investors are going to want 26 00:01:19,160 --> 00:01:21,760 Speaker 1: to know how they plan to monetize that from this 27 00:01:21,880 --> 00:01:23,000 Speaker 1: set of results as well. 28 00:01:23,120 --> 00:01:25,640 Speaker 3: And it's not just Meta, because Microsoft will be reporting 29 00:01:25,680 --> 00:01:27,640 Speaker 3: after the close today and will be all over that 30 00:01:27,920 --> 00:01:30,800 Speaker 3: on Bloomberg Business Week this afternoon. What are people saying 31 00:01:30,800 --> 00:01:32,360 Speaker 3: about Microsoft. 32 00:01:31,880 --> 00:01:34,760 Speaker 1: Well, Karla, yeah, very much the focus as well as 33 00:01:34,760 --> 00:01:37,199 Speaker 1: you say earnings and also do after the bell today, 34 00:01:37,240 --> 00:01:39,959 Speaker 1: So took her msft. Those are just a little bit 35 00:01:40,000 --> 00:01:43,600 Speaker 1: flat to trendings, just slightly lower today, but you know, 36 00:01:43,720 --> 00:01:47,640 Speaker 1: a lot of expectations in terms of their revenue. Adults 37 00:01:47,680 --> 00:01:50,720 Speaker 1: are expecting a fifteen percent increase from a year earlier, 38 00:01:50,920 --> 00:01:53,800 Speaker 1: and of course Azure, which is their cloud unit and 39 00:01:54,040 --> 00:01:56,760 Speaker 1: is the source of much of their AI related sales, 40 00:01:57,280 --> 00:02:00,760 Speaker 1: that's forecast to increase in terms of sales to about 41 00:02:01,200 --> 00:02:04,680 Speaker 1: forty percent. So we'll see if those expectations are either 42 00:02:04,840 --> 00:02:08,120 Speaker 1: met or exceeded. And again capex right is going to 43 00:02:08,120 --> 00:02:10,320 Speaker 1: be the focus of Microsoft, saying that it will spend 44 00:02:10,320 --> 00:02:13,120 Speaker 1: about one hundred and ninety billion dollars this year, So 45 00:02:13,320 --> 00:02:15,720 Speaker 1: is that number going to rise? Is that number going 46 00:02:15,760 --> 00:02:18,880 Speaker 1: to fall slightly? We know what happened to Alphabet, of course, 47 00:02:19,320 --> 00:02:22,359 Speaker 1: when they increase their capex figured to two hundred five 48 00:02:22,360 --> 00:02:25,640 Speaker 1: billion versus one hundred and ninety billion, it was punished 49 00:02:25,720 --> 00:02:29,040 Speaker 1: very much in the markets in the reaction the following day, 50 00:02:29,120 --> 00:02:32,320 Speaker 1: and of course that also came with its first negative 51 00:02:32,440 --> 00:02:34,680 Speaker 1: quarterly cash flow for the first time since it went public. 52 00:02:34,800 --> 00:02:36,440 Speaker 1: So is Microsoft going to go the same way? We'll 53 00:02:36,440 --> 00:02:39,480 Speaker 1: find out. Lastly, let's take a look at Cgates, So 54 00:02:39,760 --> 00:02:43,160 Speaker 1: tick our stx. That's been really well today, up almost 55 00:02:43,600 --> 00:02:46,880 Speaker 1: five percent now at the moment, so really roaring from 56 00:02:47,040 --> 00:02:49,960 Speaker 1: its opening games. It's a computer hardware and storage company. 57 00:02:49,960 --> 00:02:54,240 Speaker 1: Reported fourth quarter results earlier today, beating expectations revenue at 58 00:02:54,240 --> 00:02:57,480 Speaker 1: three point sixty three billion versus estimates of three point 59 00:02:57,480 --> 00:03:00,720 Speaker 1: four nine. That's up forty eight percent yearing, so very 60 00:03:00,760 --> 00:03:04,960 Speaker 1: much riding that high of demand for storage at the moment, 61 00:03:05,200 --> 00:03:09,480 Speaker 1: and their first quarter forecast for revenue also looking more 62 00:03:09,560 --> 00:03:12,480 Speaker 1: rosy than expected four billion to four point two versus 63 00:03:12,520 --> 00:03:15,440 Speaker 1: an estimate of three point seventy nine. Their CEO and 64 00:03:15,520 --> 00:03:18,079 Speaker 1: shared Dave Mosey, saying that the performance is really being 65 00:03:18,120 --> 00:03:22,200 Speaker 1: driven by robust cloud, data center demands and discipline execution. 66 00:03:22,919 --> 00:03:25,720 Speaker 3: All right, good stock, Thank you so much. Christina Quino 67 00:03:25,919 --> 00:03:28,720 Speaker 3: is our managing editor for Markets Live coverage, and you 68 00:03:28,760 --> 00:03:31,320 Speaker 3: can check out her work on m Live. Go on 69 00:03:31,360 --> 00:03:32,639 Speaker 3: the Bloomberg terminal. 70 00:03:33,760 --> 00:03:37,760 Speaker 2: The Stock Moover's report from Bloomberg Radio. Check back with 71 00:03:37,880 --> 00:03:40,440 Speaker 2: us throughout the day for the latest roundup of companies 72 00:03:40,520 --> 00:03:43,600 Speaker 2: making news on Wall Street and for the latest market 73 00:03:43,640 --> 00:03:48,120 Speaker 2: moving headlines. 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