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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

Carol Massar along with Tim Stenovec, Bloomberg News Markets Live Strategist uh joining us also as well, Tatiana Darie. She's here in studio. Got to talk about Oracle. This has certainly been in focus today.

Yeah, shares are lower here by 1% 1% and it has done a massive reversal here in today's shares. We're higher by nearly 9% when the stock opened. And this was very after very strong results in their fiscal fiscal first quarter. Cloud computing business grew more than expected. Sales more than doubled to over 7 billion in the quarter. Importantly, the company also disclosed another 30 billion in additional revenue booking data is

It was a strong

future. It was a strong report reinforcing the AI demand story, which is really key as we see price war intensifying amid you know global competition in the AI space, but costs are also going up and that is sort of the twist in the story. Capex in the quarter well above expectations. I looked it up. It was 28.5 billion in the quarter, a record in Bloomberg data going back to the '90s. So, the stock's reaction really signals here that capex worries are alive.

They're there. Investors are watching and really worrying about the math of all of these investments.

Okay, speaking of capex investment, let's go to Microsoft.

Yeah, another big story overnight in the AI space. The company is planning to more than triple its data center capacity and the aim here is to bring more global data centers to support 38 gigawatts of capacity by 2032. That is up from 12 today and just to give you a sense of size and scope here, this would eclipse the amount of electricity for New York State using during peak period. So, that is massive capacity. And we know, you know, capacity has been a a constant constraint for this hyperscalers, but particularly for Microsoft, it has suffered outages, it has let customers to take on new business.

That was in part due to their decision to pull back last year, remember? And that was all you know, amid concerns, is this building or build outs, are they worth it?

Mhm.

They're still at that point. Uh and right now, it is a decision that maybe apparently they are regretting, although the company has not confirmed those reports and have denied them. Uh instead, sending us to their last press release and their latest capex guidance.

Uh let's get to Adobe. What do you got on that one?

In Adobe, the last mover of the day, higher by 2% and also took traders a little bit to warm up to this report. Shares were lower after the numbers hit. Perhaps also a little bit of a rising tide of equities lifting this stock here, but it was a pretty clean report for the third quarter, beating expectations on top and bottom lines. Its revenue forecast slightly missed the midpoint of analyst expectations. That's caused some worry earlier, but analysts have come out to say that the results suggest little disruption from AI tools, and that's key here because that is the big worry with this stock.

Also, we have new CEO coming in in December. Lots to worry about, but crucially, we don't see uh big [music] warning signs that AI is really disrupting software right now.

This stock [music] movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies [music] making news on Wall Street. And for the latest market-moving headlines, listen [music] to Bloomberg Radio live. Catch us on YouTube, bloomberg.com, and on Apple CarPlay and [music] Android Auto with the Bloomberg Business app.