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