Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look some of the stocks on the
Speaker 2: move today on Paul Sweeney alongside Alexis Christophers, and we're
Speaker 2: joined by Bloomber's John Tucker. John, what are you have
Speaker 2: for us today?
Speaker 3: You ever hear of Manis now? Neither of I Well,
Speaker 3: Meta Platforms has agreed to buy Manus. This is based
Speaker 3: in Singapore. It's an artificial intelligence agent. They also have
Speaker 3: Chinese roots, which is kind of interesting. So Meta this
Speaker 3: is part of the effort to build a business around
Speaker 3: the massive AI investment that mister Zuckerberg has undertaken. The
Speaker 3: deal right now values Manus at some two billion dollars
Speaker 3: and it's a pretty rare US acquisition of an Asian
Speaker 3: tech company, the latest multi billion dollar AI bet from Zuckerberg.
Speaker 3: The agreement was struck in only about ten days. What
Speaker 3: Meta plans to do is to continue operating and selling
Speaker 3: the man of service while also integrating it into its
Speaker 3: own particts. Now the Manus AI agent can complete a
Speaker 3: handful of some general tasks like screening resumes, creating trip itineraries,
Speaker 3: analyzing stocks. Well, yeah, in response to basic instructions, maybe
Speaker 3: it can replace me at some point. It's backed by
Speaker 3: some of Chinese's biggest names, like Tensent Holdings. Man has
Speaker 3: shot to prominence earlier this year, not long after the
Speaker 3: debut of Deep Seek. All of its existing investors have
Speaker 3: been brought out in bought out, that is, in metas takeover.
Speaker 3: Zuckerberg has made AI his investors the top priority, spending
Speaker 3: billions to hire researchers, building data centers, developing new models.
Speaker 3: Manus actually had an annual revenue run rate of one
Speaker 3: hundred and twenty five million dollars earlier this year from
Speaker 3: selling it it's AI agent business via subscriptions, so they
Speaker 3: could give Meta a more immediate return on some of
Speaker 3: the spending.
Speaker 4: It doesn't look like it's doing anything to Meta stock.
Speaker 4: I mean it's down just fractionally in.
Speaker 3: As far as you know, two billion dollars for Meta, Yeah.
Speaker 4: It's like a drop of the john.
Speaker 3: Talk about that.
Speaker 2: You talk about the spending for Meta cappex in twenty
Speaker 2: twenty three twenty seven billion dollars, twenty twenty five, seventy
Speaker 2: twenty twenty six and ten talk about ramping up your spending,
Speaker 2: going all in on Ai man and he's got all.
Speaker 3: Those people that he's hired for, you know, millions of
Speaker 3: dollars in salaries all sitting around him. It gives some
Speaker 3: degree of It gives you an idea of the degree
Speaker 3: of importancy.
Speaker 4: Attaches manus is privately held, right, Yes, it is ok.
Speaker 3: Tesla, let's go there are always one of the most
Speaker 3: active in the pre market and in the regular trading.
Speaker 3: They have published a compilation of analyst asim it's for
Speaker 3: vehicle deliveries to its website, and these averages for the
Speaker 3: are even more pessimistic than those that we gathered here
Speaker 3: at Bloomberg. By Tesla's count, analysts on average expected company
Speaker 3: to deliver over four hundred and twenty two thousand cars
Speaker 3: in the fourth quarter, and that's actually down about fifteen
Speaker 3: percent from the year earlier. It compares with the Bloomberg
Speaker 3: compiled the average of four hundred and forty five thousand vehicles,
Speaker 3: a ten percent drop. Now, the investor relations team at
Speaker 3: Tesla has compiled the average delivery estimates for years, but
Speaker 3: until now they haven't shared the figures on their website.
Speaker 3: The Carmaker en course for its second consecutive decline and
Speaker 3: annual vehicle sales, having compiled an average estimate for one
Speaker 3: point six million deliveries that is now more than eight
Speaker 3: percent from the year earlier period, and Tesla shares they've
Speaker 3: actually plunged early in the years the company retooled production
Speaker 3: lines at the assembly plants for the redesigned model. Why
Speaker 3: the period also coincides with Elon Mounsk playing a role
Speaker 3: in the Trump administry.
Speaker 4: In doge, Tesla is up though about fourteen percent year
Speaker 4: to date.
Speaker 3: Having said all that, let's look at a bunch of
Speaker 3: artificial intelligence related stocks as we close out. We'll call
Speaker 3: these the pick and shovel stocks. Investors seeking cutting edge
Speaker 3: ways to play it snapping up technology pick and shovel stocks.
Speaker 3: As the massive cloud service providers pour billions into new
Speaker 3: data centers, the data storage companies dominated the S and
Speaker 3: P five hundred this year. He had sand Dish shares
Speaker 3: soaring five hundred and eighty percent. That was the best
Speaker 3: performer in the benchmark. Western Digital was in second place,
Speaker 3: Seagate Technology Holdings in fourth, and Meanwhile, some of the
Speaker 3: original AI link power providers and cable and fiber producers
Speaker 3: like Anfanhol, Corning Energy Energy, and g Vernova. They were
Speaker 3: also among the top twenty five performers.
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