WEBVTT - Oracle Drops, Alibaba Soars, Adobe Drops on Morgan Stanley Downgrade

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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 check in for some market movers now with our

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<v Speaker 2>very own normal Inda Lura, what do you have for us?

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<v Speaker 2>While Paul and Scarlett, there is lots to keep an

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<v Speaker 2>eye on on the market. Let's look at shares of Oracle,

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<v Speaker 2>that's Taker orcl Of course, we know this is a

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<v Speaker 2>stock that's really been in focus quite a bit in

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<v Speaker 2>recent weeks, nearly doubled in value in this year alone.

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<v Speaker 2>But we're looking at today is the news that it's

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<v Speaker 2>looking to raise fifteen billion dollars from the US investment

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<v Speaker 2>grade bond market today. Essentially, it's wanting to ramp up

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<v Speaker 2>it's spending to meet the needs that we're really seeing

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<v Speaker 2>as it relates to the AI boom, the optimism there.

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<v Speaker 2>It's selling its debt in as many as seven parts,

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<v Speaker 2>and this would actually include a rare forty year bond,

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<v Speaker 2>So lots that Wall Street is looking at right now.

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<v Speaker 2>Shares are down about as much as three and a

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<v Speaker 2>half percent in trading today. But I mean, of course

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<v Speaker 2>we know that this has just been such a topical name.

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<v Speaker 2>Stock up about eighty three percent year to date. But

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<v Speaker 2>let's move over into Ali Baba here. That's Tacker Baba.

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<v Speaker 2>We're seeing sharees soaring, and this is after it height

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<v Speaker 2>its AI budget past fifty billion dollars. So AI is

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<v Speaker 2>clearly the story here, Scarlett and Paul. Lots of AI

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<v Speaker 2>optimism here, and so we are seeing the stock up

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<v Speaker 2>for its highest intra day level since October of twenty

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<v Speaker 2>twenty one, really ripping here, stock up as much as

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<v Speaker 2>ten percent. The CEO is saying that he anticipates overall

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<v Speaker 2>investment in AI accelerating to some four trillion dollars worldwide

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<v Speaker 2>over the next five years, and so it seems as

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<v Speaker 2>though Ali Baba is going to need to keep up

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<v Speaker 2>with that trajectory here, and so lots of optimism that

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<v Speaker 2>we're seeing in the market. Stock is up about one

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<v Speaker 2>hundred and thirteen percent year today. But I did want

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<v Speaker 2>to end things off with Adobe. That's tack her adb here.

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<v Speaker 2>We're seeing shares slipping down as much as three point

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<v Speaker 2>six percent and trading today but pairing a little bit

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<v Speaker 2>now down about three percent right now. This is after

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<v Speaker 2>Morgan Stanley cuts the stock to equal weight from overweight. Essentially,

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<v Speaker 2>they're talking about decelerating digital media annual recurring revenue. As

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<v Speaker 2>you think about recurring revenue, of course is really important

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<v Speaker 2>for any company, but with Adobe in particular, they're really

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<v Speaker 2>thinking about the outside concern on Adobe's ability to prove

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<v Speaker 2>that generative AI net expansive is to its total opportunity here.

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<v Speaker 2>So we're seeing shares of the company down about twenty

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<v Speaker 2>one percent so far this year, but of course this

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<v Speaker 2>downgrade from Morgan Stanley is what's pressuring the stock today.

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<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

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