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 1: I'm Carol Massler along with Tim Steneviek. Let's get you
Speaker 1: some stocks on the move, and we've got some big
Speaker 1: movers in the aftermarket. Bloomberg News Equities reporter Billy Lipschetz
Speaker 1: in the house.
Speaker 2: We've got to talk Tesla.
Speaker 1: Yeah, gotta talk Tesla. The stock right now up just
Speaker 1: under three percent. The Big News granted fourth quarter profit
Speaker 1: better than expected despite lower car sales. Investing about two
Speaker 1: billion dollars in Elon Musk's Xai startup, one of the
Speaker 1: competitors with open Ai and Anthropic that does seem to
Speaker 1: be standing out to investors just looking through some of
Speaker 1: the byside folks who put out notes really calling out, Okay,
Speaker 1: if you're buying into the vision that Tesla is more
Speaker 1: than a car company, they're getting into robots. What does
Speaker 1: that mean for Xai. Seemingly this is a step in
Speaker 1: the right direction, at least according to those investors, despite
Speaker 1: the fact that under the hood kind of met wait wait.
Speaker 1: Investing in Elon's AI company investing in his own company.
Speaker 1: Now that happened. It's just it's I kind of get it.
Speaker 1: But it's amazing that he knows people that enthusias like
Speaker 1: he knows well. I mean, you think back to sun City, right,
Speaker 1: they acquired that company, and it was like, okay, solar City. Yeah, sorry,
Speaker 1: coolar City. So it's like, okay, how deep does this go?
Speaker 1: And if you're an investor who's been buying the Tesla
Speaker 1: vision for how many years, all he's done is make
Speaker 1: you money, So it's easy to say, yeah, okay, well
Speaker 1: we'll see something. Yeah.
Speaker 2: Check out that Walter Isaacson bio of Elon Musk for
Speaker 2: the sort of story around the Solar City acquisition.
Speaker 1: Not everybody was completely happy with that. Maybe we'll call
Speaker 1: him a visionary where he goes I know, I know,
Speaker 1: we're racing the clocket. We gotta go. Okay, So meta
Speaker 1: platforms Meta platforms right now up nine percent, was up
Speaker 1: more than ten percent, beating expectation. Zuck just basically talking
Speaker 1: up AI and the possibility for them to drive in
Speaker 1: the long term. The big thing that does stand out is, Okay, well,
Speaker 1: twenty two six spending is going to be more than
Speaker 1: what Wall Street looked for. But he's actually calling potentially
Speaker 1: for the peak spending at least in some units. So
Speaker 1: it does seem like investors are lapping that up. Again,
Speaker 1: when you're looking at a company TICKERMTA that's one point
Speaker 1: seven billion dollars and up ten percent post market, there's
Speaker 1: got to be something for investors to like, and it
Speaker 1: does seem like leaning into advertising, expanding their opportunities within engineering,
Speaker 1: and kind of getting better with AI. All right, Microsoft
Speaker 1: down almost five percent ticker MSFT. The big issues are cloud,
Speaker 1: so cloud sales growth slowing more than expected. They're ramping
Speaker 1: up their spending in AI, so getting hit from both ends.
Speaker 1: If your Meta, you're spending up on AI. But at
Speaker 1: least there's a vision for how that kind of pays
Speaker 1: out investors in the long term when your cloud computing
Speaker 1: is that your cloud sales are slowing, not so much
Speaker 1: for Meta or not so much for Microsoft Service.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
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