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 check in for some market movers now with our
Speaker 2: very own normal Inda Lura, what do you have for us?
Speaker 2: While Paul and Scarlett, there is lots to keep an
Speaker 2: eye on on the market. Let's look at shares of Oracle,
Speaker 2: that's Taker orcl Of course, we know this is a
Speaker 2: stock that's really been in focus quite a bit in
Speaker 2: recent weeks, nearly doubled in value in this year alone.
Speaker 2: But we're looking at today is the news that it's
Speaker 2: looking to raise fifteen billion dollars from the US investment
Speaker 2: grade bond market today. Essentially, it's wanting to ramp up
Speaker 2: it's spending to meet the needs that we're really seeing
Speaker 2: as it relates to the AI boom, the optimism there.
Speaker 2: It's selling its debt in as many as seven parts,
Speaker 2: and this would actually include a rare forty year bond,
Speaker 2: So lots that Wall Street is looking at right now.
Speaker 2: Shares are down about as much as three and a
Speaker 2: half percent in trading today. But I mean, of course
Speaker 2: we know that this has just been such a topical name.
Speaker 2: Stock up about eighty three percent year to date. But
Speaker 2: let's move over into Ali Baba here. That's Tacker Baba.
Speaker 2: We're seeing sharees soaring, and this is after it height
Speaker 2: its AI budget past fifty billion dollars. So AI is
Speaker 2: clearly the story here, Scarlett and Paul. Lots of AI
Speaker 2: optimism here, and so we are seeing the stock up
Speaker 2: for its highest intra day level since October of twenty
Speaker 2: twenty one, really ripping here, stock up as much as
Speaker 2: ten percent. The CEO is saying that he anticipates overall
Speaker 2: investment in AI accelerating to some four trillion dollars worldwide
Speaker 2: over the next five years, and so it seems as
Speaker 2: though Ali Baba is going to need to keep up
Speaker 2: with that trajectory here, and so lots of optimism that
Speaker 2: we're seeing in the market. Stock is up about one
Speaker 2: hundred and thirteen percent year today. But I did want
Speaker 2: to end things off with Adobe. That's tack her adb here.
Speaker 2: We're seeing shares slipping down as much as three point
Speaker 2: six percent and trading today but pairing a little bit
Speaker 2: now down about three percent right now. This is after
Speaker 2: Morgan Stanley cuts the stock to equal weight from overweight. Essentially,
Speaker 2: they're talking about decelerating digital media annual recurring revenue. As
Speaker 2: you think about recurring revenue, of course is really important
Speaker 2: for any company, but with Adobe in particular, they're really
Speaker 2: thinking about the outside concern on Adobe's ability to prove
Speaker 2: that generative AI net expansive is to its total opportunity here.
Speaker 2: So we're seeing shares of the company down about twenty
Speaker 2: one percent so far this year, but of course this
Speaker 2: downgrade from Morgan Stanley is what's pressuring the stock today.
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