WEBVTT - Adobe Falls After Hours, Intel Gains, Oracle Slides

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Jim Stanevak along with Carol Master. We're joined by

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<v Speaker 3>Bloomberg News cross asset reporter Isabelle Lee. Let's talk about Adobe.

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<v Speaker 4>After the close, tickers adve the stock is down by

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<v Speaker 4>more than six percent, So lots of people moves here

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<v Speaker 4>at the c suite level. So CFO Dan Byrne would

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<v Speaker 4>be departing the company at June fifteen, and CEO Shantanu

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<v Speaker 4>naday In announced you would also resign earlier this year.

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<v Speaker 4>I'm mid deep skepticism, so that's also causing some and

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<v Speaker 4>maybe angst, you know, I mean, he's been with a

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<v Speaker 4>company CEO for eighteen years. He will remain in a

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<v Speaker 4>position until a successor has been appointed in the sixty

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<v Speaker 4>two year old Wilmraine as board chairman. So that's a

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<v Speaker 4>lot of moves there. And we have an analyst at

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<v Speaker 4>Emarketers saying that, of course, it adds question about strategic

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<v Speaker 4>continuity because you have two c sweet levels, you know,

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<v Speaker 4>I mean leaving the company. So the stock has dropped

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<v Speaker 4>around thirty seven percent this year, and of course it's earnings.

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<v Speaker 4>The company said revenue will be six point sixty seven

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<v Speaker 4>billion to six point seventy two billion, and that's higher

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<v Speaker 4>than the six point fifty two billion that's estimated, So

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<v Speaker 4>at least there's some good news there. But stock is

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<v Speaker 4>really down lowest since twenty nineteen. WHOA, why what are

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<v Speaker 4>you seeing? No lois that is crazy's been slammed and

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<v Speaker 4>seven years ago? Do you remember pre COVID times I do?

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<v Speaker 3>It wasn't doesn't feel like that long ago. Actually for me,

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<v Speaker 3>I'm going to share the same anecdote that I shared

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<v Speaker 3>on air earlier with Romaine and Katie and Carol when

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<v Speaker 3>we were doing the simulcasts. But the tools that are

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<v Speaker 3>available to creators right now from just an AI perspective,

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<v Speaker 3>the stuff you can prompt and do, it's like you

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<v Speaker 3>can do stuff that you would have had to learn

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<v Speaker 3>how to do with traditional Adobe like products you would

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<v Speaker 3>have taken so long. Like you can do video editing

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<v Speaker 3>by using prompts.

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<v Speaker 1>It's amazing.

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<v Speaker 3>It's amazing picture generation. I've messed around with chatchipt to

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<v Speaker 3>make pictures. I've done like the fine tuning stuff. But

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<v Speaker 3>I will say we to be fair. We've had the

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<v Speaker 3>folks from Adobe come on, and I've talked to creatives

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<v Speaker 3>who use this, the Firefly product that Adobe has with

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<v Speaker 3>with for AI generation and the what do they call it?

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<v Speaker 3>Copyright safe stuff. It's pretty incredible stuff.

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<v Speaker 4>So maybe we can all still try her hand at

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<v Speaker 4>the influencers fin fluencers.

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<v Speaker 3>Oh there it is good luck luck.

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<v Speaker 4>I would love I would have loved to d way here.

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<v Speaker 4>I just want to be this job, which is a

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<v Speaker 4>great job.

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<v Speaker 3>You are an influence.

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<v Speaker 4>I love.

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<v Speaker 1>She is a finfluencer.

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<v Speaker 4>I only influenced Tim and Carrol. So let's go to

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<v Speaker 4>the next talk.

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<v Speaker 1>You know what you know what I want? I want

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<v Speaker 1>that I Tim has heard this a million times that

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<v Speaker 1>I was just all in on semiconductors this year because

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<v Speaker 1>they have just been on a tear.

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<v Speaker 3>It's a Hindsight Capital with Cheryler Capital.

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<v Speaker 4>Welcome to another edition of Hindsight December thirty one.

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<v Speaker 3>And that's authors. I stole them from John Hodds.

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<v Speaker 1>Yes, let's talk Intel though.

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<v Speaker 4>Intel ticker I NTC. It's actually it had a good

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<v Speaker 4>day up by almost ten percent. We have Bank of

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<v Speaker 4>America upgrading the chip maker to.

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<v Speaker 2>A buy rating.

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<v Speaker 4>Excited that increased certainty about the company's ability to succeed

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<v Speaker 4>in the AI era is what really caused them to

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<v Speaker 4>boost the stock. So the analyst is Vivic Area, and

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<v Speaker 4>it was interesting because he upgraded it too notchious. It

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<v Speaker 4>wasn't an equivalent of sale, and now it's bam outperformed,

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<v Speaker 4>so that's good. He said he has just higher confidence

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<v Speaker 4>in general. So the price target now was one hundred

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<v Speaker 4>and thirty five dollars from ninety six dollars, So a while,

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<v Speaker 4>that's pretty half.

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<v Speaker 1>Sorry, I know, we get a little we get a

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<v Speaker 1>little snarky about this, like when a stock's been on

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<v Speaker 1>a tear and then finally an animalost comes in and

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<v Speaker 1>been like, oh yeah, sorry, but.

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<v Speaker 4>Capital just but maybe he has mean yeah, you're right,

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<v Speaker 4>you're right. Maybe he's just waiting to see confidence.

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<v Speaker 1>It's been an interesting move real quickly, let's do oracle.

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<v Speaker 4>Oracle ticker or CL. It's down by more than eight percent.

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<v Speaker 4>This company has declined by six more than six months,

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<v Speaker 4>I think, no, the most in six months after they

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<v Speaker 4>reported quarterly capital expenses that were higher than estimate. So

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<v Speaker 4>this metric is largely used by data center spending, and

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<v Speaker 4>that's why a lot of investors were a little spooked

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<v Speaker 4>by that. And as we know, Oracle is a database

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<v Speaker 4>software and as with many companies, it has refashioned itself

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<v Speaker 4>or trying to refashion itself to become an AI trade.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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