AT&T Gains on Earnings; Reddit Falls on Google Content Use Limitation | Stock Movers

[00:00:00]Well, let's try to live up to that and talk a little AT&T.

[00:00:03]It's not it's hard to get that one wrong.

[00:00:05]So the ticker symbol there simply t as in Tom what you do in a trading desk is Sweeney buy me 300,000 shares of telephone.

[00:00:12]That's how I love very old fashioned. Yep.

[00:00:15]Okay, so here we go. Telephone up 4.5%, uh, down 10% year to date. So it could it could use the quarterly revenue. Uh, ticked up.

[00:00:24]More customers signed up for its postpaid phone and internet services.

[00:00:28]That's a big metric for these telecom companies.

[00:00:30]AT&T added 432,000 net subscribers, uh, for its postpaid phone service.

[00:00:36]That's about 100,000 more than estimates.

[00:00:38]And it's postpaid phone churn. Another big metric was below 1%.

[00:00:43]It's also accelerating its planned share buyback program to about $10 billion, maintained its forward guidance, and still plans to return 45 billion at least to shareholders through 2028 through dividends.

[00:00:54]That was my last deal with Chris Boston. Was the IPO of Google, my last deal on Wall Street. That was a pretty good one.

[00:00:59]That was a pretty nice one to be a part of.

[00:01:01]All right. Good for you, Paul Sweeney.

[00:01:03]Let's move on to super microcomputer, shall we?

[00:01:06]Ticker symbol SM see I up 13% here in the premarket after the company announced a record backlog, uh, with new orders surpassing $60 billion.

[00:01:16]This is an AI server company. So again, getting a boost from the big AI trade and you know, having to, uh, to fire up all of those data centers that are being built around the country. The surprise margin expansion puts super micros fourth quarter earnings on share to top or on track rather to top wall Street estimates. Yeah, yeah.

[00:01:34]Also, can I just say other companies like Dell, like Hewlett Packard, sort of in the same space as Super Micro, they're rising as well.

[00:01:43]But IBM is out with earnings today after the debacle of X number of days out.

[00:01:48]Right. You know it already warned.

[00:01:50]So I wonder how much lower might it go. I mean I think it sort of set Wall Street up for what it's going to say after the bell.

[00:01:54]But we'll see a headline 20 minutes ago, Julian Emanuel over Evercore ISI.

[00:02:00]The moment of truth has arrived. Mhm.

[00:02:03]I mean he's out of control spinning out of control.

[00:02:06]Continue. Stock Reddit.

[00:02:08]We know Reddit the social platform down 7% today down nearly 20% year to date.

[00:02:13]This is following reports that the social platform is threatening to block Google from using its content to train AI models.

[00:02:20]You know what? This is a growing trend.

[00:02:22]Politico saying this yeah, yeah. The economist, USA today, Reuters.

[00:02:26]They're all re-evaluating their deals, uh, their partnerships here with Google.

[00:02:30]Uh, according to the Wall Street Journal, Reddit executives are considering pulling the plug on Alphabet's access as the two companies negotiate a renewal of their data licensing agreement, which they they inked about two years ago. It's not a small matter.

[00:02:45]I know somebody at some point is going to get paid right for all that. Exactly, exactly.

[00:02:51]I have read it on my phone now. The kitchen Reddit.

[00:02:53]Um, kids are forcing me to don't use it. I am starting to try to use it.

[00:02:57]Missing something. I do it for like just weird stuff that I search for and I find that's not, you know, just kind of off the it's sort of gives you the sort of the zeitgeist, sort of like your finger on the pulse of what people are thinking. I don't take it too much to heart, but it's part of my overall search, if you will.

[00:03:13]Okay. Your mosaic is you have one more unit.

[00:03:15]Yeah. I actually wanna talk about advanced nuclear reactor suppliers, because we don't talk about them nearly as much as we should. Arklow and Xcel Energy, both those stocks are up today. They are joining tech giants in a Trump administration led program here to speed the development of new power plants for AI data centers. This deal also includes the big ones, Microsoft and Nvidia as well. But Arklow and X energy having a nice pre-market today. Okay, now I know I'm done.

[00:03:40]There you go. She's just done.

[00:03:41]I think she's finally over the Knicks winning.

[00:03:44]Yeah, yeah. I'll never be over it.

[00:03:46]I love it right now. No, I mean, we're we're moving on.