Oracle Cloud Sales; Adobe Forecast Miss; Microsoft Data Centers

0:00Some people treat Chachy PT like some kind of smart search engine, and some use it to get work done. Chachy PT work is a new way of working in Chachy PT that can take action across your apps and files, stay with a project for hours if needed, and turn a goal into finished work. It's designed to help you move from a chaotic starting point to a reviewable first version. So all the source materials, briefs, and scattered information that you have to grind through to turn into something useful can just become something useful. Put Chachy PT to work on your most ambitious ideas and projects. Get started at chachypt.com by selecting Work Mode, available on plus and pro plans. Bloomberg Audio Studios, podcasts, radio, news. The Stock Movers Report, your round up of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's take a look at some stocks on the move today.

1:00I'm Nathan Hager joined by Bloomberg's UN POTS, starting us off with the biggest gainer pre-market. There was a lot of trepidation, I think, going into Oracle's earnings and just looking at the stock action this morning. Maybe those worries were alleviated. Good morning, UN. Good morning, Nathan. Yes, solidly in the green, all Oracle's cloud-compusing business grew faster than analysts projected. Suggesting the company's big bets on AI data center projects are playing, paying off. Oracle long known of course for its database software has refreshed itself as a provider of computing power for artificial intelligence work. It's embarking on a major build out of data centers for open AI and other customers. Sales in the closely watched cloud infrastructure business jumped 121% year on year. She has found a bit of a rough run recently losing the 38% since this year's high back at the beginning of June. That's on concerns over financing needs, rising component costs and user ports of data center construction challenges. Ladies earnings

2:00going down well with investors up just over 7% in the pre-market. Well, they're stringings for Adobe are going down literally. Yeah, not such a rosy picture over Adobe. The software maker has given up an outlook for sales, narrowly missed analyst estimates. That's adding fuel to concerns that AI upstarts as hurting Adobe's business. Of course, it's known for tools like Photoshop. Adobe's software has long been the standard for creative and marketing professionals. But generative AI has made it easy to produce visual media without the company's quite expensive products. Adobe says that it stands to benefit from the shift to AI and annual recurring revenue from AI first products is up more than 150% as of last quarter. But a bit of a damp reaction to the numbers today shares down just under 4% in the pre-market. All right. So that's some of the tech earnings. But another big tech company is getting a lot of attention with its plans to really push into data centers. Tell us what's

3:06happening with Microsoft. Yeah, interesting. This is a Bloomberg scoop for you Nathan. Microsoft is planning to more than triple its data center capacity, something that could help it overcome a computing shortage that's been forcing it to turn away some AI and cloud business customers, but told that Microsoft plans to have more than 38 gigawatts of global data center capacity by 2032. And that is up from about 12 gigawatts now. And just to put that number into a bit of perspective, that would eclipse the total amounts of electricity that New York state uses during peak periods. So quite a lot of data centers capacity coming online for Microsoft. So apart, of course, of the $2.4 trillion that the big four hyperscalers plan to spend on the AI build out over the coming years. Much of that, of course, on data centers. Microsoft just about in the green this morning. Of course, we've been talking for so long about how the chip companies have been really big benefactors or beneficiaries of the AI data center boom, the rise in memory costs

4:12as well. And micron technology is making a bit of news on that score. Yeah, from one of the biggest spenders to one of the biggest recipients of all of this cash, Michael and shares, of course, up more than five percent, sorry, 500 percent over the course of the past year. They reported a 15 fold gain in net income in the latest quarter. The news on the Bloomberg terminal this morning that the US company has agreed a payout to its staff in Taiwan, who have been demanding a cut of all this lovely cash. Then to get a $1 million cash bonus, Taiwan, these dollars, that is, doesn't sound quite so juicy in the USD about $31,000 US dollars. They're also going to get additional stock rewards. So we'll see if that settles the demands of the 15,000 people who work for Microsoft Micron in Taiwan shares trading hard today. 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,

5:17catch us on YouTube, Bloomberg.com and on Apple CarPlay and Android Auto with the Bloomberg Business App. This is the Bloomberg Tech Minute brought to you by Chachy PT. Now with Chachy PT work, I'm Carol Maser. Has the AI moment arrived at corporate offices worldwide? Not yet. And it's perhaps several years away, according to one survey of corporate recruiters who circle the world's business schools each fall in spring. Bloomberg's Rob Mandelbaum notes that, according to the Graduate Management Admission Council, the skills recruiters sought most among 2026 graduates of business school master's programs, including MBAs, for communication, problem solving, and adaptability, which changed little from last year. Training in artificial intelligence tools ranked in the bottom third of the skills list, but recruiters did say AI-specific training will be more important in five years. On that recruiters rated current graduates as only somewhat prepared or less

6:18to work with AI tools and said business schools are not doing a good job of teaching AI skills. Bottom line, according to the survey, what most companies want when it comes to AI skills is for candidates to be able to automate routine work. That's the Bloomberg Tech Minute brought to you by Chachy PT. Put Chachy PT to work on your most ambitious ideas and projects. Get started at chachypt.com today by selecting Work Mode, available on-plus and pro-plans. As industries evolve faster than ever, companies need an environment that accelerates strategic growth and Michigan delivers on that promise. From emerging startups to global enterprises, Michigan offers what executives value most, a resilient innovative ecosystem, diverse communities that attract top talent, and a quality of life that supports work-life balance. With our Unified T. Michigan approach, businesses scale faster and compete at the highest level. Michigan, pure opportunity, seize your opportunity at Michiganbusiness.org.

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