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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm time Keen with Paul Sweeney and Bloomberg's John Tucker.

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Speaker 3: Amazon projected weaker then expected operating income again and trailing

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Speaker 3: the sales growth of its cloud rivals. At this point,

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Speaker 3: investors are searching for science the company's big investments in

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Speaker 3: AI are going to pay off. Andy Jasey, the CEO,

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Speaker 3: is engaged in an AI infrastructure arms race, of course

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Speaker 3: with Microsoft and Alphabet. It does require a lot of

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Speaker 3: heavy spending on data centers. Both of their rivals earlier

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Speaker 3: reported strong earnings and said they're benefiting from the AI boom.

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Speaker 3: Amazon spent a record thirty one point four billion dollars

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Speaker 3: on capex in a quarter. That's up about about ninety

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Speaker 3: percent from the same period a year earlier. And they

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Speaker 3: have Amazon Web Services. This is the largest seller of

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Speaker 3: rented computing power, gaining a little more than seventeen percent.

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Speaker 3: Sounds good, you.

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Speaker 1: See, I haven't seen anywhere.

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Speaker 3: How did the boxes do I have no idea.

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Speaker 1: Yesterday I saw three trucks, one on Madison, I think

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Speaker 1: two on Third Avenue. The way the boxes come out

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Speaker 1: of those trucks, I mean they're like dented, they're throwing

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Speaker 1: those butt its heat.

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Speaker 3: The inside is like so much packaging in there. I've

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Speaker 3: never really had a problem with anything being damaged. Yeah,

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Speaker 3: but it's just like the delivery person for Amazon getting

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Speaker 3: your package undamaged to your front porch. That is not

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Speaker 3: a high priority.

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Speaker 1: I would love to say Shielda's David Letterman out of

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Speaker 1: the street doing in peace with the drivers in ninety

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Speaker 1: eight degree heat. Here from options continue to the next

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Speaker 1: stock O wise one.

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Speaker 3: Why don't we do? Apple recording its fastest quarterly revenue

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Speaker 3: growth in more than three years, revenue rising nine point

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Speaker 3: six percent. They also predicted fourth quarter revenue would be

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Speaker 3: up by more than analyst estimates. Tin Cook was on

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Speaker 3: the conference calls Well. He said, in his words, we

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Speaker 3: saw on an acceleration of growth around the world in

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Speaker 3: the vast majority of markets we track, including Greater China.

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Speaker 1: Okay, but my question is to Mark Kerman, is okay

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Speaker 1: they had a jignormous There's going to be terroriffts Let's

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Speaker 1: buy an iPhone? Does that mean the next quarter's week?

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Speaker 1: I hadn't seen that yet.

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Speaker 3: Possibly. One of the highlights was also services. That was

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Speaker 3: a bright spot topping projections. Services continued to be the

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Speaker 3: company's biggest growth driver at Apple.

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Speaker 1: Just huge, it's eighty one billion revenue.

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Speaker 3: Now you want to finish with big oil?

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Speaker 1: Oh please?

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Speaker 3: Excell Mobile Chevron better than expended results are it's been off.

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Speaker 3: It's over three dollars three yeah, but you know, okay, excellent,

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Speaker 3: So fantastic production figures cushing the impact of the lower

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Speaker 3: crude oil prices. Excellon actually pump more oil than it

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Speaker 3: has in any second quarter since the mobile takeover. That

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Speaker 3: was what a quarter of a century ago when they

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Speaker 3: took over Mobile Chevron, lifting output to an all time

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Speaker 3: high almost four million barrels a day. So all this

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Speaker 3: production boom booming output in the Permium basin especially and elsewhere.

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Speaker 3: The titans of the energy continue to surve pass at

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Speaker 3: Wall Street expectation.

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Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

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Speaker 2: the Bloomberg Business app. Mm hmm