Today’s biggest winners and losers in the stock market.
On this episode of Stock Movers:
– Meta Platforms (META) shares are up after Bloomberg News reported that the Facebook parent is developing plans for a cloud-infrastructure business to sell its excess AI compute.
– Alphabet (GOOG) has had a remarkable 12 months by just about any measure you can imagine. The stock price has more than doubled, raising its market capitalization by more than $2 trillion as investors see increasing strength in its artificial intelligence capabilities. At $4.3 trillion, Alphabet is now the second-most valuable company in the world, up from fifth at this time last year. And in a sign of how significant Google’s parent has become to the overall economy, the shares were added to the Dow Jones Industrial Average this week.
– American Eagle Outfitters (AEO) is well positioned to reach consensus for sales of $6.2 billion by 2028, driven by broad-based growth at Aerie, continued momentum at Offline and a recovery in on-trend denim and bottoms at the namesake brand.
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Bloomberg journalists discuss today’s biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Check out more episodes of Stock Movers: https://www.youtube.com/playlist?list=PLe4PRejZgr0NxhJreY_kjMBdW8cvmNauU
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
Visit our other YouTube channels:
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
For coverage on news, markets and more: http://www.bloomberg.com/video
#Stocks #Markets #Finance #Investing #Podcast #Bloomberg
AI Infrastructure Falls, Alphabet’s $2 Trillion Gain, American Eagle Affirms Guidance
