1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:19,560 Speaker 2: Let's check in for some market movers now with our 5 00:00:19,680 --> 00:00:21,599 Speaker 2: very own normal Inda Lura, what do you have for us? 6 00:00:21,960 --> 00:00:23,759 Speaker 2: While Paul and Scarlett, there is lots to keep an 7 00:00:23,760 --> 00:00:25,920 Speaker 2: eye on on the market. Let's look at shares of Oracle, 8 00:00:26,000 --> 00:00:28,480 Speaker 2: that's Taker orcl Of course, we know this is a 9 00:00:28,480 --> 00:00:31,080 Speaker 2: stock that's really been in focus quite a bit in 10 00:00:31,120 --> 00:00:34,519 Speaker 2: recent weeks, nearly doubled in value in this year alone. 11 00:00:34,640 --> 00:00:36,559 Speaker 2: But we're looking at today is the news that it's 12 00:00:36,600 --> 00:00:40,320 Speaker 2: looking to raise fifteen billion dollars from the US investment 13 00:00:40,360 --> 00:00:44,320 Speaker 2: grade bond market today. Essentially, it's wanting to ramp up 14 00:00:44,600 --> 00:00:47,280 Speaker 2: it's spending to meet the needs that we're really seeing 15 00:00:47,280 --> 00:00:50,240 Speaker 2: as it relates to the AI boom, the optimism there. 16 00:00:50,400 --> 00:00:52,800 Speaker 2: It's selling its debt in as many as seven parts, 17 00:00:52,800 --> 00:00:56,240 Speaker 2: and this would actually include a rare forty year bond, 18 00:00:56,320 --> 00:00:58,520 Speaker 2: So lots that Wall Street is looking at right now. 19 00:00:58,560 --> 00:01:00,360 Speaker 2: Shares are down about as much as three and a 20 00:01:00,400 --> 00:01:02,880 Speaker 2: half percent in trading today. But I mean, of course 21 00:01:02,920 --> 00:01:05,280 Speaker 2: we know that this has just been such a topical name. 22 00:01:05,600 --> 00:01:08,840 Speaker 2: Stock up about eighty three percent year to date. But 23 00:01:08,959 --> 00:01:13,880 Speaker 2: let's move over into Ali Baba here. That's Tacker Baba. 24 00:01:14,000 --> 00:01:16,360 Speaker 2: We're seeing sharees soaring, and this is after it height 25 00:01:16,440 --> 00:01:20,600 Speaker 2: its AI budget past fifty billion dollars. So AI is 26 00:01:20,600 --> 00:01:23,520 Speaker 2: clearly the story here, Scarlett and Paul. Lots of AI 27 00:01:23,600 --> 00:01:26,280 Speaker 2: optimism here, and so we are seeing the stock up 28 00:01:26,280 --> 00:01:29,520 Speaker 2: for its highest intra day level since October of twenty 29 00:01:29,640 --> 00:01:32,479 Speaker 2: twenty one, really ripping here, stock up as much as 30 00:01:32,520 --> 00:01:35,959 Speaker 2: ten percent. The CEO is saying that he anticipates overall 31 00:01:36,000 --> 00:01:40,440 Speaker 2: investment in AI accelerating to some four trillion dollars worldwide 32 00:01:40,480 --> 00:01:42,680 Speaker 2: over the next five years, and so it seems as 33 00:01:42,720 --> 00:01:44,280 Speaker 2: though Ali Baba is going to need to keep up 34 00:01:44,319 --> 00:01:46,520 Speaker 2: with that trajectory here, and so lots of optimism that 35 00:01:46,520 --> 00:01:48,560 Speaker 2: we're seeing in the market. Stock is up about one 36 00:01:48,680 --> 00:01:51,520 Speaker 2: hundred and thirteen percent year today. But I did want 37 00:01:51,560 --> 00:01:55,920 Speaker 2: to end things off with Adobe. That's tack her adb here. 38 00:01:56,160 --> 00:01:58,240 Speaker 2: We're seeing shares slipping down as much as three point 39 00:01:58,280 --> 00:02:01,120 Speaker 2: six percent and trading today but pairing a little bit 40 00:02:01,160 --> 00:02:04,320 Speaker 2: now down about three percent right now. This is after 41 00:02:04,400 --> 00:02:08,680 Speaker 2: Morgan Stanley cuts the stock to equal weight from overweight. Essentially, 42 00:02:08,720 --> 00:02:13,080 Speaker 2: they're talking about decelerating digital media annual recurring revenue. As 43 00:02:13,120 --> 00:02:15,360 Speaker 2: you think about recurring revenue, of course is really important 44 00:02:15,360 --> 00:02:17,880 Speaker 2: for any company, but with Adobe in particular, they're really 45 00:02:17,880 --> 00:02:20,760 Speaker 2: thinking about the outside concern on Adobe's ability to prove 46 00:02:20,800 --> 00:02:25,160 Speaker 2: that generative AI net expansive is to its total opportunity here. 47 00:02:25,200 --> 00:02:27,880 Speaker 2: So we're seeing shares of the company down about twenty 48 00:02:27,919 --> 00:02:29,919 Speaker 2: one percent so far this year, but of course this 49 00:02:30,040 --> 00:02:33,240 Speaker 2: downgrade from Morgan Stanley is what's pressuring the stock today. 50 00:02:33,919 --> 00:02:37,960 Speaker 1: The Stock Movers Report from Bloomberg Radio. 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