WEBVTT - Micron Gains, Qualcomm Up, Alibaba Falls 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move

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<v Speaker 1>today in Asia. I'm Stephen Carroll with Caroline Hepker and

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<v Speaker 1>we're joined Buyer Markets reporter Anthony Stevens as that blowout

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<v Speaker 1>sales outlook from Micron has helped to rekindle confidence in

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<v Speaker 1>the AI trade. How's that playing in Asia today?

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<v Speaker 3>It's a relatively simple read across. There were some amazing

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<v Speaker 3>things about the Micron results that Asia really loves. The

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<v Speaker 3>first is the margins eighty five percent margins, and the

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<v Speaker 3>second is the nature of the contracts that they have signed,

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<v Speaker 3>so the strategic customer agreements that kind of drags out

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<v Speaker 3>earnings visibility into the realm of years, and that's really

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<v Speaker 3>helping Asian semi stocks. Here, Samsung's up six percent, Heinex

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<v Speaker 3>ups eleven percent, and Heinex is up despite launching a

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<v Speaker 3>capital raise of twenty nine billion dollars in that is

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<v Speaker 3>extraordinary and that speaks to the fact that they're raising

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<v Speaker 3>that money to raise investment into producing more memory and

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<v Speaker 3>getting more money out of that. Kiyoshia in Japan is

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<v Speaker 3>also up around eleven percent, So the entire memory supply

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<v Speaker 3>chain is up very strongly. In Asia.

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<v Speaker 4>Yeah, absolutely, those contracts for Micron with those strategic partners

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<v Speaker 4>they average three years, so they're sort of trying to

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<v Speaker 4>flatten out boom and bust. In terms of care COM's forecast,

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<v Speaker 4>a big sales boost from servers for data centers, and

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<v Speaker 4>that's also helping to lift other server suppliers too, is it.

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<v Speaker 3>Yeah, And if you think about how late Qualcom is

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<v Speaker 3>to this game and still how bullish they are, and

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<v Speaker 3>the fact that there's so much innovation left on the table,

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<v Speaker 3>they've signed an agreement again to produce new generation AI chips.

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<v Speaker 3>So you see the likes of the semiconductor supply chain

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<v Speaker 3>do really well. In Asia, you have an advantaged is

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<v Speaker 3>up almost fourteen percent. The Taiwanese optical place up around

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<v Speaker 3>five to six percent, so Lagan is the biggest one there.

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<v Speaker 3>And even in China, you see the ecosystem in China

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<v Speaker 3>doing really well because Qualcom said that they would also

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<v Speaker 3>produce a China specific chip to help with the memory

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<v Speaker 3>shortage in China, so a lot of the China supply

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<v Speaker 3>chain names are strong. So for example, you have a

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<v Speaker 3>SMIC Huahang montage, the entire ecosystem is up around five

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<v Speaker 3>to six percent.

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<v Speaker 1>Yeah, and I mean really interesting to see how widespread

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<v Speaker 1>the effects are as well. But I want to ask

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<v Speaker 1>you as well about Abbi Ali Barber's shares hit by

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<v Speaker 1>some accusations from Anthropic.

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<v Speaker 3>And this is part of a broader context of hyperscale

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<v Speaker 3>conflict around AI. Right, the modeled competition. Are people monetizing

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<v Speaker 3>these models, and you know, the Chinese have been consistently

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<v Speaker 3>accused of distealing or stealing or copying whatever word you

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<v Speaker 3>want to use, of being based off American models to

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<v Speaker 3>close this kind of innovation gap. So today you see

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<v Speaker 3>Alibaba down five percent almost now as you guys come in,

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<v Speaker 3>and this is widening a massive spread in Chinese market.

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<v Speaker 3>So Chinese hardware and semiconductor names are really strong. So

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<v Speaker 3>the Chinese index is of almoste hundred percent on the year. Meanwhile,

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<v Speaker 3>the Internet and hyperscale heavy hs Tech index is in

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<v Speaker 3>a bare market. So you know, you really have that

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<v Speaker 3>dichotomy of performance in China, which is a much bigger

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<v Speaker 3>version of what you're seeing in the.

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