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 00:00:12,440 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:19,160 Speaker 1: I am Carol Messer, a longer tim standard. Let's get 5 00:00:19,160 --> 00:00:21,919 Speaker 1: to some stocks on the move on this Monday. We 6 00:00:22,040 --> 00:00:25,280 Speaker 1: joined by Bloomberg News crossouse at reporter Janizza Sikova here 7 00:00:25,320 --> 00:00:30,040 Speaker 1: in studio Palenteer. Yeah, we've been watching this one. It's 8 00:00:30,480 --> 00:00:33,120 Speaker 1: it rallied and then it pulled back. So curious to 9 00:00:33,120 --> 00:00:34,240 Speaker 1: see where we are right now. 10 00:00:34,800 --> 00:00:37,720 Speaker 3: Yeah, it rallied as much as seven percent. Now we're 11 00:00:38,360 --> 00:00:43,199 Speaker 3: up about two percent. It's coming off a pretty strong report. 12 00:00:43,360 --> 00:00:47,080 Speaker 3: It raised its annual revenue outlook to four point four billion. 13 00:00:47,120 --> 00:00:50,599 Speaker 3: The ticker, of course is p l t R. It's 14 00:00:50,640 --> 00:00:55,000 Speaker 3: all about artificial intelligence and data analytics products. It's one 15 00:00:55,040 --> 00:00:58,760 Speaker 3: thing that they say is that the growth is otherworldly, 16 00:01:00,080 --> 00:01:03,040 Speaker 3: but indeed it is more than what Donaldists were expecting. 17 00:01:03,080 --> 00:01:07,640 Speaker 3: Revenue increase sixty three percent to about one point eighteen billion. 18 00:01:07,760 --> 00:01:11,400 Speaker 3: This is significantly higher than what Donaldists were expecting, and 19 00:01:11,440 --> 00:01:14,840 Speaker 3: they were already coming into high expectations this year. The 20 00:01:14,880 --> 00:01:18,039 Speaker 3: company is a one hundred and fifty percent going into 21 00:01:18,040 --> 00:01:21,640 Speaker 3: this earning three port. Perhaps this is one reason why 22 00:01:21,640 --> 00:01:25,880 Speaker 3: the initial enthusiasm is a little bit tempered, still obviously 23 00:01:25,920 --> 00:01:29,920 Speaker 3: positive on the news, Analysts an average estimated about about 24 00:01:29,959 --> 00:01:35,480 Speaker 3: one point nine billion in earnings and pounting her reported 25 00:01:35,560 --> 00:01:40,040 Speaker 3: revenue above analyst estimates for twenty one consecutive quarters. 26 00:01:40,280 --> 00:01:42,720 Speaker 1: Can we just share with you as stat when we 27 00:01:42,760 --> 00:01:45,399 Speaker 1: talked with our Max Chafkin, who's written a book about 28 00:01:45,440 --> 00:01:48,520 Speaker 1: Peter Til, and of course Peter Tile a co founder 29 00:01:48,920 --> 00:01:52,160 Speaker 1: of this company, and he reminded us, so this is 30 00:01:52,200 --> 00:01:55,480 Speaker 1: a market cap of four hundred and ninety one billion dollars. Yeah, 31 00:01:55,520 --> 00:01:57,640 Speaker 1: so let's close to half a trillion dollars. Okay, half 32 00:01:57,640 --> 00:02:02,720 Speaker 1: a trillion, and adjusted revenue expected this year for twenty 33 00:02:02,760 --> 00:02:05,440 Speaker 1: twenty five is supposed to be about four point two billion. 34 00:02:06,640 --> 00:02:08,000 Speaker 1: I mean, so it's. 35 00:02:08,200 --> 00:02:11,160 Speaker 3: It's a fair you know. And then you look at Oservation. 36 00:02:11,040 --> 00:02:14,640 Speaker 1: You look at pe it's almost five hundred times earning 37 00:02:15,040 --> 00:02:15,760 Speaker 1: price to earning. 38 00:02:15,880 --> 00:02:16,680 Speaker 2: So it's just. 39 00:02:18,200 --> 00:02:21,320 Speaker 1: He called it samlike, but he didn't put it in 40 00:02:21,360 --> 00:02:27,320 Speaker 1: the category. It has a lot of followers. 41 00:02:27,520 --> 00:02:31,239 Speaker 3: Yeah, it actually has a really big ritis throwing Yeah really, yes, 42 00:02:31,360 --> 00:02:33,840 Speaker 3: it's it's a it's a popular obviously that's one reason 43 00:02:33,919 --> 00:02:37,280 Speaker 3: and analysts, a lot of analysts have been questioning this growth, 44 00:02:37,280 --> 00:02:40,000 Speaker 3: but it can sustain and they actually interested on the 45 00:02:40,320 --> 00:02:42,200 Speaker 3: earnings call that there has been a lot of skip 46 00:02:42,280 --> 00:02:45,040 Speaker 3: this season, but here we go again that there is 47 00:02:45,040 --> 00:02:48,600 Speaker 3: a beat and we're seeing growth in terms of government 48 00:02:49,200 --> 00:02:53,239 Speaker 3: and the corporate and commercial business growth, which is one 49 00:02:53,320 --> 00:02:55,240 Speaker 3: new area for the company that they've been pushing for 50 00:02:55,280 --> 00:02:55,639 Speaker 3: some time. 51 00:02:55,919 --> 00:02:58,760 Speaker 2: From a company with a market cap of about half 52 00:02:58,760 --> 00:03:02,320 Speaker 2: a trillion dollars to one with two point seven trillion dollars. 53 00:03:02,760 --> 00:03:03,239 Speaker 1: Amazon. 54 00:03:03,480 --> 00:03:05,799 Speaker 3: We've been talking about a lot about Amazon and thinks 55 00:03:05,840 --> 00:03:09,080 Speaker 3: you've been looking good for their cloud unit. That feels 56 00:03:09,080 --> 00:03:11,280 Speaker 3: so for quite some time that we were talking how 57 00:03:11,320 --> 00:03:15,160 Speaker 3: it was behind, but after the earnings report, now we're 58 00:03:15,160 --> 00:03:18,560 Speaker 3: seeing the cloud unit has signed thirty eight billion due 59 00:03:18,600 --> 00:03:21,720 Speaker 3: to supply a slice of open ai bottomless demand for 60 00:03:21,800 --> 00:03:24,600 Speaker 3: computing power. The care of course is am Z and 61 00:03:24,960 --> 00:03:29,519 Speaker 3: the stock gained four percent today. The open Ai will 62 00:03:29,520 --> 00:03:32,960 Speaker 3: pay Amazon Web Services for access to hundreds of thousands 63 00:03:32,960 --> 00:03:38,600 Speaker 3: of videographics units. We saw from the earnings report as 64 00:03:38,760 --> 00:03:42,880 Speaker 3: web services revenue came at thirty three billion, an increase 65 00:03:42,920 --> 00:03:45,640 Speaker 3: of twenty percent. That was number everyone was looking at 66 00:03:46,320 --> 00:03:49,560 Speaker 3: and we saw the most positive reactions of Max seven 67 00:03:50,240 --> 00:03:54,160 Speaker 3: to earnings reports, so clearly things are looking well for 68 00:03:54,200 --> 00:03:58,000 Speaker 3: that business. Obviously, Amazon has been trying to position themselves 69 00:03:58,680 --> 00:04:00,840 Speaker 3: in the cloud business as a market place for broad 70 00:04:00,920 --> 00:04:05,080 Speaker 3: range of twos. They have a partner, Anthropic, which obviously 71 00:04:05,080 --> 00:04:07,440 Speaker 3: it's on a crazy rally, but we're seeing a lot 72 00:04:07,440 --> 00:04:10,080 Speaker 3: of optimism and new deals coming to Amazon that are 73 00:04:10,120 --> 00:04:11,360 Speaker 3: definitely boosting the stock. 74 00:04:11,640 --> 00:04:14,640 Speaker 1: Can I also just talking about Yeah, I mean coming 75 00:04:14,640 --> 00:04:17,880 Speaker 1: off of earnings, you had forty five analysts raising price 76 00:04:17,920 --> 00:04:23,279 Speaker 1: targets by average of eleven percent on this company, and 77 00:04:23,400 --> 00:04:26,839 Speaker 1: so I mean analysts are really bullish. 78 00:04:26,440 --> 00:04:29,360 Speaker 3: Really bolish. But here we go again. Yeah, another day 79 00:04:29,360 --> 00:04:29,760 Speaker 3: of things. 80 00:04:30,560 --> 00:04:31,440 Speaker 1: Areas Management. 81 00:04:31,839 --> 00:04:34,400 Speaker 3: That's one company that has been on a tough rite, 82 00:04:34,600 --> 00:04:37,960 Speaker 3: obviously connected with the mini crisis we've been seeing in 83 00:04:38,000 --> 00:04:41,440 Speaker 3: private credit, but this is coming off earnings in private equity. 84 00:04:41,520 --> 00:04:44,640 Speaker 3: The company post one hundred and sixty seven percent jump 85 00:04:44,680 --> 00:04:49,320 Speaker 3: in earnings from secondary business. The tickery is aares. The 86 00:04:49,360 --> 00:04:52,360 Speaker 3: company was up about five percent today. It posted as 87 00:04:52,400 --> 00:04:56,880 Speaker 3: searchingenings tied to its secondary business as institutional investors are 88 00:04:56,920 --> 00:05:00,479 Speaker 3: continuing to sail. Obviously, we've been covering this in Dawman's 89 00:05:00,480 --> 00:05:03,680 Speaker 3: being Institutional investors have been moving to sale some of 90 00:05:03,720 --> 00:05:07,440 Speaker 3: their private equity shares, and clearly ours management has been 91 00:05:07,480 --> 00:05:11,400 Speaker 3: benefiting from that. The alternative aset managers reported seventy four 92 00:05:11,720 --> 00:05:15,320 Speaker 3: mediums a few related earnings from those secondary markets we're 93 00:05:15,320 --> 00:05:18,640 Speaker 3: talking about. The vast shared of new commitments were dedicated 94 00:05:18,680 --> 00:05:22,679 Speaker 3: to private equity secondaries. They talked about private credit. Obviously 95 00:05:22,680 --> 00:05:26,719 Speaker 3: they addressed the famous cocoraches comment, but the RCEO called 96 00:05:26,760 --> 00:05:30,279 Speaker 3: the incidents idiosyncratic and isolated, and the Soto gain on that. 97 00:05:30,560 --> 00:05:32,400 Speaker 1: All right, it's down about twelve percent here to day, 98 00:05:32,440 --> 00:05:35,000 Speaker 1: but as you said, rallying in the Monday trade. 99 00:05:35,960 --> 00:05:40,000 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 100 00:05:40,080 --> 00:05:42,640 Speaker 2: us throughout the day for the latest roundup of companies 101 00:05:42,720 --> 00:05:45,800 Speaker 2: making news on Wall Street and for the latest market 102 00:05:45,839 --> 00:05:50,320 Speaker 2: moving headlines. 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