Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Jim Stanevak along with Carol Master. We're joined by
Speaker 3: Bloomberg News cross asset reporter Isabelle Lee. Let's talk about Adobe.
Speaker 4: After the close, tickers adve the stock is down by
Speaker 4: more than six percent, So lots of people moves here
Speaker 4: at the c suite level. So CFO Dan Byrne would
Speaker 4: be departing the company at June fifteen, and CEO Shantanu
Speaker 4: naday In announced you would also resign earlier this year.
Speaker 4: I'm mid deep skepticism, so that's also causing some and
Speaker 4: maybe angst, you know, I mean, he's been with a
Speaker 4: company CEO for eighteen years. He will remain in a
Speaker 4: position until a successor has been appointed in the sixty
Speaker 4: two year old Wilmraine as board chairman. So that's a
Speaker 4: lot of moves there. And we have an analyst at
Speaker 4: Emarketers saying that, of course, it adds question about strategic
Speaker 4: continuity because you have two c sweet levels, you know,
Speaker 4: I mean leaving the company. So the stock has dropped
Speaker 4: around thirty seven percent this year, and of course it's earnings.
Speaker 4: The company said revenue will be six point sixty seven
Speaker 4: billion to six point seventy two billion, and that's higher
Speaker 4: than the six point fifty two billion that's estimated, So
Speaker 4: at least there's some good news there. But stock is
Speaker 4: really down lowest since twenty nineteen. WHOA, why what are
Speaker 4: you seeing? No lois that is crazy's been slammed and
Speaker 4: seven years ago? Do you remember pre COVID times I do?
Speaker 3: It wasn't doesn't feel like that long ago. Actually for me,
Speaker 3: I'm going to share the same anecdote that I shared
Speaker 3: on air earlier with Romaine and Katie and Carol when
Speaker 3: we were doing the simulcasts. But the tools that are
Speaker 3: available to creators right now from just an AI perspective,
Speaker 3: the stuff you can prompt and do, it's like you
Speaker 3: can do stuff that you would have had to learn
Speaker 3: how to do with traditional Adobe like products you would
Speaker 3: have taken so long. Like you can do video editing
Speaker 3: by using prompts.
Speaker 1: It's amazing.
Speaker 3: It's amazing picture generation. I've messed around with chatchipt to
Speaker 3: make pictures. I've done like the fine tuning stuff. But
Speaker 3: I will say we to be fair. We've had the
Speaker 3: folks from Adobe come on, and I've talked to creatives
Speaker 3: who use this, the Firefly product that Adobe has with
Speaker 3: with for AI generation and the what do they call it?
Speaker 3: Copyright safe stuff. It's pretty incredible stuff.
Speaker 4: So maybe we can all still try her hand at
Speaker 4: the influencers fin fluencers.
Speaker 3: Oh there it is good luck luck.
Speaker 4: I would love I would have loved to d way here.
Speaker 4: I just want to be this job, which is a
Speaker 4: great job.
Speaker 3: You are an influence.
Speaker 4: I love.
Speaker 1: She is a finfluencer.
Speaker 4: I only influenced Tim and Carrol. So let's go to
Speaker 4: the next talk.
Speaker 1: You know what you know what I want? I want
Speaker 1: that I Tim has heard this a million times that
Speaker 1: I was just all in on semiconductors this year because
Speaker 1: they have just been on a tear.
Speaker 3: It's a Hindsight Capital with Cheryler Capital.
Speaker 4: Welcome to another edition of Hindsight December thirty one.
Speaker 3: And that's authors. I stole them from John Hodds.
Speaker 1: Yes, let's talk Intel though.
Speaker 4: Intel ticker I NTC. It's actually it had a good
Speaker 4: day up by almost ten percent. We have Bank of
Speaker 4: America upgrading the chip maker to.
Speaker 2: A buy rating.
Speaker 4: Excited that increased certainty about the company's ability to succeed
Speaker 4: in the AI era is what really caused them to
Speaker 4: boost the stock. So the analyst is Vivic Area, and
Speaker 4: it was interesting because he upgraded it too notchious. It
Speaker 4: wasn't an equivalent of sale, and now it's bam outperformed,
Speaker 4: so that's good. He said he has just higher confidence
Speaker 4: in general. So the price target now was one hundred
Speaker 4: and thirty five dollars from ninety six dollars, So a while,
Speaker 4: that's pretty half.
Speaker 1: Sorry, I know, we get a little we get a
Speaker 1: little snarky about this, like when a stock's been on
Speaker 1: a tear and then finally an animalost comes in and
Speaker 1: been like, oh yeah, sorry, but.
Speaker 4: Capital just but maybe he has mean yeah, you're right,
Speaker 4: you're right. Maybe he's just waiting to see confidence.
Speaker 1: It's been an interesting move real quickly, let's do oracle.
Speaker 4: Oracle ticker or CL. It's down by more than eight percent.
Speaker 4: This company has declined by six more than six months,
Speaker 4: I think, no, the most in six months after they
Speaker 4: reported quarterly capital expenses that were higher than estimate. So
Speaker 4: this metric is largely used by data center spending, and
Speaker 4: that's why a lot of investors were a little spooked
Speaker 4: by that. And as we know, Oracle is a database
Speaker 4: software and as with many companies, it has refashioned itself
Speaker 4: or trying to refashion itself to become an AI trade.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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