1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,200 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:17,840 Speaker 1: Let's take a look at some of the stocks on 5 00:00:17,880 --> 00:00:20,520 Speaker 1: the move today. I'm Karen Moscow and we're joined by 6 00:00:20,600 --> 00:00:24,079 Speaker 1: Bloomberg's Dan Curtis and Dan be In. Some earnings. Some 7 00:00:24,320 --> 00:00:26,520 Speaker 1: Dollar Tree this morning looks a little bit. 8 00:00:26,400 --> 00:00:29,840 Speaker 3: Disappointing though, Good morning, Karen. That's right. Dollar Tree ticker 9 00:00:29,920 --> 00:00:32,400 Speaker 3: d LTR. Those shares are down about one percent in 10 00:00:32,440 --> 00:00:35,440 Speaker 3: pre market. They were down three four percent earlier, so 11 00:00:35,479 --> 00:00:37,960 Speaker 3: it is pairing some of those losses. That's as the 12 00:00:38,000 --> 00:00:42,159 Speaker 3: discount company sees full your sales of up to twenty 13 00:00:42,200 --> 00:00:45,240 Speaker 3: point seven billion dollars. That's shy of the twenty point 14 00:00:45,280 --> 00:00:48,559 Speaker 3: eight billion dollars Wall Street was looking for. For the 15 00:00:49,000 --> 00:00:51,360 Speaker 3: earnings outlook for the year, they are looking at six 16 00:00:51,400 --> 00:00:54,360 Speaker 3: dollars and fifty six cents a share to six dollars 17 00:00:54,360 --> 00:00:57,080 Speaker 3: and ninety cents. That's straddling the estimate of six dollars 18 00:00:57,080 --> 00:00:59,200 Speaker 3: and seventy two and that's pretty similar to what we 19 00:00:59,280 --> 00:01:01,720 Speaker 3: saw in the fourth order. In the fourth quarter, the 20 00:01:01,720 --> 00:01:05,040 Speaker 3: earnings beat despite revenue slightly lower, so they do seem 21 00:01:05,080 --> 00:01:07,960 Speaker 3: to be managing margins right now. Company also announced they 22 00:01:08,040 --> 00:01:10,399 Speaker 3: are looking to open up about four hundred new stores 23 00:01:10,400 --> 00:01:12,919 Speaker 3: this year. So shares are down in the pre market. 24 00:01:12,920 --> 00:01:16,520 Speaker 3: That's after a three day slide following Peer Dollar General 25 00:01:16,600 --> 00:01:18,640 Speaker 3: which also disappoint off the back of earnings. 26 00:01:18,840 --> 00:01:21,560 Speaker 1: We also had some interesting headlines from Ali Baba. It's 27 00:01:21,600 --> 00:01:22,760 Speaker 1: planning a major revamp. 28 00:01:22,840 --> 00:01:27,080 Speaker 3: Huh, that's right, So the Chinese tech company is revamping 29 00:01:27,120 --> 00:01:30,240 Speaker 3: to heightened focus on AI monetization. It announced it will 30 00:01:30,240 --> 00:01:33,720 Speaker 3: create a token Hub division to oversee AI projects. That 31 00:01:33,840 --> 00:01:36,640 Speaker 3: unit will be headed by the company's CEO and it 32 00:01:36,680 --> 00:01:39,520 Speaker 3: will include the research team that develops QN models as 33 00:01:39,560 --> 00:01:43,560 Speaker 3: well as major AI related projects products. This their AI 34 00:01:43,640 --> 00:01:47,120 Speaker 3: strategy has been under questioned after their main research lead 35 00:01:47,360 --> 00:01:51,080 Speaker 3: left and in general in China, most models are open 36 00:01:51,120 --> 00:01:53,680 Speaker 3: source and free, including open claw, which has been on 37 00:01:53,720 --> 00:01:56,280 Speaker 3: a huge boom recently, so there's a big question mark 38 00:01:56,360 --> 00:01:59,280 Speaker 3: around the willingness in China to pay. Ali Baba is 39 00:01:59,320 --> 00:02:02,200 Speaker 3: trying to confront that. One head on those shares, the 40 00:02:02,240 --> 00:02:04,640 Speaker 3: ADRs are up about two and a half percent in 41 00:02:04,680 --> 00:02:05,600 Speaker 3: pre market. 42 00:02:05,560 --> 00:02:07,840 Speaker 1: And even more breaking news in the tech space, this 43 00:02:07,920 --> 00:02:10,200 Speaker 1: one about Nebius and Meta. What are they doing? 44 00:02:10,760 --> 00:02:13,400 Speaker 3: That's right. So Meta is going to spend up to 45 00:02:13,560 --> 00:02:16,000 Speaker 3: twenty seven billion dollars over the next five years on 46 00:02:16,080 --> 00:02:20,760 Speaker 3: AI infrastructure from Nebius. That has Nebuus shares up fifteen 47 00:02:20,800 --> 00:02:23,480 Speaker 3: percent in the pre market. Meta shares right now up 48 00:02:23,560 --> 00:02:27,440 Speaker 3: three percent. So Nebius is a neocloud, It operates data centers, 49 00:02:27,480 --> 00:02:30,880 Speaker 3: it has a strategic partnership with Nvidia. It's going to 50 00:02:30,880 --> 00:02:33,880 Speaker 3: start providing Meta with twelve billion dollars of capacity early 51 00:02:33,960 --> 00:02:36,920 Speaker 3: next year and one of the biggest single contracts that 52 00:02:36,960 --> 00:02:39,800 Speaker 3: Meta has ever signed. Last year, Zuckerberg said that Meta 53 00:02:39,800 --> 00:02:42,919 Speaker 3: would spend about six hundred billion on US infrastructure projects 54 00:02:42,919 --> 00:02:45,600 Speaker 3: by twenty twenty eight. That's as the company developed its 55 00:02:45,600 --> 00:02:49,160 Speaker 3: own high end AI models. This is, of course, following 56 00:02:49,200 --> 00:02:52,800 Speaker 3: the Friday Reuters report that Meta is planning layoffs that 57 00:02:52,840 --> 00:02:55,519 Speaker 3: could affect over twenty percent of the company, and all 58 00:02:55,560 --> 00:02:58,600 Speaker 3: of this is meant to offset the AI infrastructure investment, 59 00:02:58,639 --> 00:03:01,800 Speaker 3: the one that is going towards News. According to sources, 60 00:03:01,840 --> 00:03:04,359 Speaker 3: there's no date set, the scale of the layoffs hasn't 61 00:03:04,360 --> 00:03:07,320 Speaker 3: been finalized, but Meta is spending big and it's said 62 00:03:07,360 --> 00:03:10,560 Speaker 3: to be pulling back on jobs in order to pay 63 00:03:10,600 --> 00:03:11,680 Speaker 3: the bill. 64 00:03:11,720 --> 00:03:15,760 Speaker 2: This Stock Movers report from Bloomberg Radio. 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