Oracle Gains; Microsoft Plans Data Center Push; Adobe Forecast Misses Views

0:00Game Insight on the innovators, disruptors, and tech-driven trends shaping today's complex economy. I'm Carol Masser. And I'm Tim Stenevek. Wrap up your workday with the Bloomberg Business Week Daily Podcast. We bring you deeper dives into the story shaping your world from the evolution of AI to the shifting priorities of global business. Plus Silicon Valley power players and the latest tech trends. Catch up on the conversations you missed during the day. Subscribe to the Bloomberg Business Week Daily Podcast on Apple's Spotify or anywhere you listen. Bloomberg Audio Studios The Stock Movers Report Your Roundup of Companies Making Moves in the Stock Market Harnessing the Power of Bloomberg Data Let's get a read on some of the individual names that are moving. So for that we bring in Tatiana Dariye. Tatiana, what are you looking at? Well, we'll start with Oracle because it was a big mover when I was doing my notes. It was up about 90% but we have faded those moves even in a high market. This is really surprising

1:04probably speaks to the very high expectations for some of these hyper scalers. But like me walk you through the numbers. Cloud computing business grew faster than analysts projected. Sales more than double to over $7 billion in the quarter. Importantly the company said it booked more than $30 billion in additional AI cloud contracts. So this is sort of a measure of future revenue. That has come up to $660 billion above analyst expectations. Frick Haschlo was negative but not nearly as negative as we feared and executive saying that the company is delivering on capacity at a pace that would have been impossible. So all around great news. The stock is fading again. High expectations. All right. How about Microsoft? Microsoft is another important story today. Shears about our above flat. So we are seeing the tech sector sort of trimming some of those against here broadly. But the big story over now with Microsoft is that the company plans to more than triple is data center capacity. It's

2:06glovespinning a network of data centers will be able to support more than 38 gigawatts of capacity in 2032 up from about 12% now. And we know this has sort of been one of its biggest headaches as of late for Microsoft. Right. This is a crunch that has caused outages. It has prompted customers to take new business elsewhere. It has frustrated executives and employees alike at the company. In obviously raise some eyebrows about whether they will be able to pay off all of this AI investment. Well, the caveat there is that the plan is not final. Could change especially with all this public pressure. Gaze the center. So lots in there to consider but perhaps some relief on the way for Microsoft. And the last stock you're watching Adobe. And Adobe here is a lower today after its earnings. The sales outlook narrowly missed expectations. They gave out a range of 6.8 billion to 6.85 that nearly that nearly met or just

3:08slightly missed the midpoint of the analyst expectations. But the results for the quarter have come ahead of expectations. It wasn't all that bad. And the software maker right now is just navigating someone like a crisis of confidence. Let's just put it that way because of all of this AI disruption fears. So anytime that you miss by just a little bit revives some of those fears. Well, analysts are saying it's not as bad. We don't see clear evidence of disruption just yet. So maybe investors here reassessing that as shares have paired those losses. They also have a new CEO or one who's going to come on board pretty soon in December. That's right. This stock movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com and on Apple CarPlay and Android Auto with the Bloomberg Business app.

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