WEBVTT - Meta to Acquire Startup Manus; Tesla Rebounds; Data Storage Providers

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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 some of the stocks on the

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<v Speaker 2>move today on Paul Sweeney alongside Alexis Christophers, and we're

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<v Speaker 2>joined by Bloomber's John Tucker. John, what are you have

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<v Speaker 2>for us today?

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<v Speaker 3>You ever hear of Manis now? Neither of I Well,

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<v Speaker 3>Meta Platforms has agreed to buy Manus. This is based

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<v Speaker 3>in Singapore. It's an artificial intelligence agent. They also have

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<v Speaker 3>Chinese roots, which is kind of interesting. So Meta this

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<v Speaker 3>is part of the effort to build a business around

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<v Speaker 3>the massive AI investment that mister Zuckerberg has undertaken. The

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<v Speaker 3>deal right now values Manus at some two billion dollars

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<v Speaker 3>and it's a pretty rare US acquisition of an Asian

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<v Speaker 3>tech company, the latest multi billion dollar AI bet from Zuckerberg.

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<v Speaker 3>The agreement was struck in only about ten days. What

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<v Speaker 3>Meta plans to do is to continue operating and selling

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<v Speaker 3>the man of service while also integrating it into its

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<v Speaker 3>own particts. Now the Manus AI agent can complete a

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<v Speaker 3>handful of some general tasks like screening resumes, creating trip itineraries,

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<v Speaker 3>analyzing stocks. Well, yeah, in response to basic instructions, maybe

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<v Speaker 3>it can replace me at some point. It's backed by

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<v Speaker 3>some of Chinese's biggest names, like Tensent Holdings. Man has

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<v Speaker 3>shot to prominence earlier this year, not long after the

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<v Speaker 3>debut of Deep Seek. All of its existing investors have

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<v Speaker 3>been brought out in bought out, that is, in metas takeover.

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<v Speaker 3>Zuckerberg has made AI his investors the top priority, spending

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<v Speaker 3>billions to hire researchers, building data centers, developing new models.

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<v Speaker 3>Manus actually had an annual revenue run rate of one

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<v Speaker 3>hundred and twenty five million dollars earlier this year from

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<v Speaker 3>selling it it's AI agent business via subscriptions, so they

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<v Speaker 3>could give Meta a more immediate return on some of

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<v Speaker 3>the spending.

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<v Speaker 4>It doesn't look like it's doing anything to Meta stock.

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<v Speaker 4>I mean it's down just fractionally in.

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<v Speaker 3>As far as you know, two billion dollars for Meta, Yeah.

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<v Speaker 4>It's like a drop of the john.

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<v Speaker 3>Talk about that.

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<v Speaker 2>You talk about the spending for Meta cappex in twenty

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<v Speaker 2>twenty three twenty seven billion dollars, twenty twenty five, seventy

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<v Speaker 2>twenty twenty six and ten talk about ramping up your spending,

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<v Speaker 2>going all in on Ai man and he's got all.

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<v Speaker 3>Those people that he's hired for, you know, millions of

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<v Speaker 3>dollars in salaries all sitting around him. It gives some

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<v Speaker 3>degree of It gives you an idea of the degree

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<v Speaker 3>of importancy.

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<v Speaker 4>Attaches manus is privately held, right, Yes, it is ok.

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<v Speaker 3>Tesla, let's go there are always one of the most

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<v Speaker 3>active in the pre market and in the regular trading.

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<v Speaker 3>They have published a compilation of analyst asim it's for

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<v Speaker 3>vehicle deliveries to its website, and these averages for the

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<v Speaker 3>are even more pessimistic than those that we gathered here

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<v Speaker 3>at Bloomberg. By Tesla's count, analysts on average expected company

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<v Speaker 3>to deliver over four hundred and twenty two thousand cars

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<v Speaker 3>in the fourth quarter, and that's actually down about fifteen

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<v Speaker 3>percent from the year earlier. It compares with the Bloomberg

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<v Speaker 3>compiled the average of four hundred and forty five thousand vehicles,

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<v Speaker 3>a ten percent drop. Now, the investor relations team at

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<v Speaker 3>Tesla has compiled the average delivery estimates for years, but

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<v Speaker 3>until now they haven't shared the figures on their website.

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<v Speaker 3>The Carmaker en course for its second consecutive decline and

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<v Speaker 3>annual vehicle sales, having compiled an average estimate for one

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<v Speaker 3>point six million deliveries that is now more than eight

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<v Speaker 3>percent from the year earlier period, and Tesla shares they've

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<v Speaker 3>actually plunged early in the years the company retooled production

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<v Speaker 3>lines at the assembly plants for the redesigned model. Why

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<v Speaker 3>the period also coincides with Elon Mounsk playing a role

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<v Speaker 3>in the Trump administry.

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<v Speaker 4>In doge, Tesla is up though about fourteen percent year

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<v Speaker 4>to date.

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<v Speaker 3>Having said all that, let's look at a bunch of

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<v Speaker 3>artificial intelligence related stocks as we close out. We'll call

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<v Speaker 3>these the pick and shovel stocks. Investors seeking cutting edge

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<v Speaker 3>ways to play it snapping up technology pick and shovel stocks.

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<v Speaker 3>As the massive cloud service providers pour billions into new

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<v Speaker 3>data centers, the data storage companies dominated the S and

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<v Speaker 3>P five hundred this year. He had sand Dish shares

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<v Speaker 3>soaring five hundred and eighty percent. That was the best

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<v Speaker 3>performer in the benchmark. Western Digital was in second place,

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<v Speaker 3>Seagate Technology Holdings in fourth, and Meanwhile, some of the

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<v Speaker 3>original AI link power providers and cable and fiber producers

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<v Speaker 3>like Anfanhol, Corning Energy Energy, and g Vernova. They were

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<v Speaker 3>also among the top twenty five performers.

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<v Speaker 1>The Stockmovers Report from Bloomberg Radio. Check back with us

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