1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,200 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,280 --> 00:00:18,720 Speaker 1: I'm Carol Massler along with Tim Steneviek. Let's get you 5 00:00:18,760 --> 00:00:21,040 Speaker 1: some stocks on the move, and we've got some big 6 00:00:21,040 --> 00:00:24,160 Speaker 1: movers in the aftermarket. Bloomberg News Equities reporter Billy Lipschetz 7 00:00:24,239 --> 00:00:24,920 Speaker 1: in the house. 8 00:00:25,239 --> 00:00:26,239 Speaker 2: We've got to talk Tesla. 9 00:00:26,480 --> 00:00:28,600 Speaker 1: Yeah, gotta talk Tesla. The stock right now up just 10 00:00:28,680 --> 00:00:32,440 Speaker 1: under three percent. The Big News granted fourth quarter profit 11 00:00:32,479 --> 00:00:36,320 Speaker 1: better than expected despite lower car sales. Investing about two 12 00:00:36,400 --> 00:00:39,720 Speaker 1: billion dollars in Elon Musk's Xai startup, one of the 13 00:00:39,720 --> 00:00:43,600 Speaker 1: competitors with open Ai and Anthropic that does seem to 14 00:00:43,640 --> 00:00:46,080 Speaker 1: be standing out to investors just looking through some of 15 00:00:46,120 --> 00:00:49,280 Speaker 1: the byside folks who put out notes really calling out, Okay, 16 00:00:49,280 --> 00:00:51,760 Speaker 1: if you're buying into the vision that Tesla is more 17 00:00:51,800 --> 00:00:55,200 Speaker 1: than a car company, they're getting into robots. What does 18 00:00:55,240 --> 00:00:57,720 Speaker 1: that mean for Xai. Seemingly this is a step in 19 00:00:57,760 --> 00:01:00,800 Speaker 1: the right direction, at least according to those investors, despite 20 00:01:00,840 --> 00:01:03,800 Speaker 1: the fact that under the hood kind of met wait wait. 21 00:01:04,319 --> 00:01:08,360 Speaker 1: Investing in Elon's AI company investing in his own company. 22 00:01:08,360 --> 00:01:11,400 Speaker 1: Now that happened. It's just it's I kind of get it. 23 00:01:11,440 --> 00:01:14,120 Speaker 1: But it's amazing that he knows people that enthusias like 24 00:01:14,319 --> 00:01:17,920 Speaker 1: he knows well. I mean, you think back to sun City, right, 25 00:01:17,959 --> 00:01:21,800 Speaker 1: they acquired that company, and it was like, okay, solar City. Yeah, sorry, 26 00:01:21,880 --> 00:01:24,480 Speaker 1: coolar City. So it's like, okay, how deep does this go? 27 00:01:24,600 --> 00:01:27,200 Speaker 1: And if you're an investor who's been buying the Tesla 28 00:01:27,319 --> 00:01:29,360 Speaker 1: vision for how many years, all he's done is make 29 00:01:29,400 --> 00:01:31,839 Speaker 1: you money, So it's easy to say, yeah, okay, well 30 00:01:31,920 --> 00:01:32,960 Speaker 1: we'll see something. Yeah. 31 00:01:33,240 --> 00:01:36,280 Speaker 2: Check out that Walter Isaacson bio of Elon Musk for 32 00:01:36,440 --> 00:01:38,840 Speaker 2: the sort of story around the Solar City acquisition. 33 00:01:38,880 --> 00:01:42,720 Speaker 1: Not everybody was completely happy with that. Maybe we'll call 34 00:01:42,800 --> 00:01:44,360 Speaker 1: him a visionary where he goes I know, I know, 35 00:01:44,840 --> 00:01:47,559 Speaker 1: we're racing the clocket. We gotta go. Okay, So meta 36 00:01:47,560 --> 00:01:50,400 Speaker 1: platforms Meta platforms right now up nine percent, was up 37 00:01:50,400 --> 00:01:53,960 Speaker 1: more than ten percent, beating expectation. Zuck just basically talking 38 00:01:54,040 --> 00:01:56,960 Speaker 1: up AI and the possibility for them to drive in 39 00:01:57,000 --> 00:01:59,560 Speaker 1: the long term. The big thing that does stand out is, Okay, well, 40 00:01:59,600 --> 00:02:01,320 Speaker 1: twenty two six spending is going to be more than 41 00:02:01,320 --> 00:02:03,800 Speaker 1: what Wall Street looked for. But he's actually calling potentially 42 00:02:03,800 --> 00:02:06,120 Speaker 1: for the peak spending at least in some units. So 43 00:02:06,160 --> 00:02:08,360 Speaker 1: it does seem like investors are lapping that up. Again, 44 00:02:08,480 --> 00:02:12,440 Speaker 1: when you're looking at a company TICKERMTA that's one point 45 00:02:12,440 --> 00:02:15,359 Speaker 1: seven billion dollars and up ten percent post market, there's 46 00:02:15,400 --> 00:02:17,280 Speaker 1: got to be something for investors to like, and it 47 00:02:17,320 --> 00:02:22,120 Speaker 1: does seem like leaning into advertising, expanding their opportunities within engineering, 48 00:02:22,240 --> 00:02:24,720 Speaker 1: and kind of getting better with AI. All right, Microsoft 49 00:02:25,160 --> 00:02:29,079 Speaker 1: down almost five percent ticker MSFT. The big issues are cloud, 50 00:02:29,160 --> 00:02:32,160 Speaker 1: so cloud sales growth slowing more than expected. They're ramping 51 00:02:32,200 --> 00:02:34,480 Speaker 1: up their spending in AI, so getting hit from both ends. 52 00:02:34,600 --> 00:02:36,640 Speaker 1: If your Meta, you're spending up on AI. But at 53 00:02:36,720 --> 00:02:38,880 Speaker 1: least there's a vision for how that kind of pays 54 00:02:38,880 --> 00:02:41,760 Speaker 1: out investors in the long term when your cloud computing 55 00:02:41,840 --> 00:02:44,919 Speaker 1: is that your cloud sales are slowing, not so much 56 00:02:44,919 --> 00:02:46,800 Speaker 1: for Meta or not so much for Microsoft Service. 57 00:02:48,000 --> 00:02:52,040 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 58 00:02:52,120 --> 00:02:54,679 Speaker 2: us throughout the day for the latest roundup of companies 59 00:02:54,760 --> 00:02:57,840 Speaker 2: making news on Wall Street and for the latest market 60 00:02:57,880 --> 00:03:01,880 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on 61 00:03:01,919 --> 00:03:05,840 Speaker 2: YouTube Bloomberg dot com and on Applecarplay and Android Auto 62 00:03:05,880 --> 00:03:07,480 Speaker 2: with the Bloomberg Business App.