WEBVTT - SK Hynix Rally, TSMC Slides, Zhipu Sale

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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>Well, let's take a look at some stocks on the

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<v Speaker 1>move today in Asia. I'm Stephen Carol with Carline Hacker

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<v Speaker 1>and we're joined by Bloomberg's markets reporter Anthony Stevens for more.

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<v Speaker 1>And so let's start in South Korea. That was the

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<v Speaker 1>center of the tax set off yesterday in Asia as

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<v Speaker 1>ke Heinex and Samsung both in focus again today.

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<v Speaker 3>Yeah, they're both rallying very strongly into your session, but

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<v Speaker 3>that's mostly because of Intrada newsflow. So Samsung released a

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<v Speaker 3>huge buyback fifty eight billion dollars to fund bonus payments,

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<v Speaker 3>and that's got the stock up around eight percent. Henix

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<v Speaker 3>was also strong after very week open as the Premier's

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<v Speaker 3>kind of leadership group talks about a chip semiconductor chip

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<v Speaker 3>making hub in Korea that is gathering pace. So the

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<v Speaker 3>semiconductor's pace found its level and it's like closing on

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<v Speaker 3>the high, but a huge range in today, around six

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<v Speaker 3>percent on the cosp Overall, it does look like the

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<v Speaker 3>market is trying to find a level ahead of Micron's

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<v Speaker 3>pivotal earnings tonight.

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<v Speaker 1>Yeah, Micron's going to be very important, is it. What

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<v Speaker 1>other signals are we guessing then from the tech sector

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<v Speaker 1>in Asia today, Anthony.

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<v Speaker 3>It's a very mixed picture. You had TSMC hinting at

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<v Speaker 3>areaising prices across its product range. That's got TSMC down

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<v Speaker 3>around three percent, but it's boyd some of the China

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<v Speaker 3>competitors to tw SMC those stocks are around anywhere from

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<v Speaker 3>eight to ten percent. Also, China's premiere was on tape

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<v Speaker 3>on the Summer Doura basically the World Economic Forum, talking

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<v Speaker 3>about how China's AI growth is an opportunity for the

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<v Speaker 3>rest of the world. That's got Chinese tech rallying across

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<v Speaker 3>the board. China AI in particular is up anywhere from

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<v Speaker 3>five to ten percent, and it's given Chinese tech giant

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<v Speaker 3>new Tech chian Jupo the confidence to raise several billions

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<v Speaker 3>of dollars in a share sale.

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<v Speaker 1>Yeah, the Chepe story is a really interesting one because

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<v Speaker 1>of the numbers involved and where it's it's raising that

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<v Speaker 1>money as well, How does it compare to what we're

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<v Speaker 1>seeing AI firms elsewhere.

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<v Speaker 3>Doing this is very interesting to put this in context.

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<v Speaker 3>So the IPO of GPU itself was only half a

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<v Speaker 3>billion dollars, and the unlock for that IPO is coming

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<v Speaker 3>in July eighteenth, but the stock is up some two

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<v Speaker 3>thousand percent since, so they're using this opportunity to opportunistically

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<v Speaker 3>raise several billion dollars. Now, let's say several billion dollars

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<v Speaker 3>is in the high end of the ten billion dollar range.

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<v Speaker 3>That compares with Deep Sea raising seven billion dollars and

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<v Speaker 3>Moonshot AI raising around two billion dollars. But what is

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<v Speaker 3>interesting about all of that is you add that number together,

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<v Speaker 3>you still don't get SpaceX single bond sale. So you

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<v Speaker 3>can see the manner of degree that the US AI

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<v Speaker 3>fundraising is much larger than the Chinese. But these are

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<v Speaker 3>still very big numbers to be throwing around on one

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<v Speaker 3>particular theme, and it just highlights how much invested demand

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<v Speaker 3>there is for incremental new paper in the AI space.

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