Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a.
Speaker 1: Look at some stocks on the move today. I'm Tim
Speaker 1: Keen with Paul Sweeni and Bloomberg's John Tucker doing the
Speaker 1: Stock Movers. It's a podcast, John, what do you have?
Speaker 2: Well, it's unclear at this point whether President Trump what
Speaker 2: he's going to exactly raise with the Chinese president during
Speaker 2: this trip, and whether or not there are concerns that
Speaker 2: relate specifically to Nvidia. Jensen Wong kind of like joined
Speaker 2: at the very last minute on this trip. The big
Speaker 2: ticket item that would be seeking Beijing's approval for Chinese
Speaker 2: customers to buy in Vidia's advanced H two hundred chips,
Speaker 2: those products that used to train and run models like
Speaker 2: chat GPT. They've always required Washington's permission for export to China.
Speaker 2: The big concern is that the US things the technology
Speaker 2: could boost the military in China. Shares a Minimax Group
Speaker 2: and Knowledge Atlass Technology that's a joint stock that's sword
Speaker 2: in Hong Kong. Investors are betting that the Chinese AI
Speaker 2: developers are gaining access to the Invidia accelerators.
Speaker 1: So they're part of the Invidia story.
Speaker 2: They're part of the Invidia story. Some more powerful accelerators
Speaker 2: is going to be good for these companies. Investors seem
Speaker 2: to be excited at Jensen Wang's joining Trump on this trip.
Speaker 1: He wants to sell Invidia to China.
Speaker 2: Well, China also has restriction. I mean it goes both ways,
Speaker 2: so both ways. The team Trump, you'll recall, granted the
Speaker 2: licenses several months ago and kind of a reversal of
Speaker 2: US policy in a pretty big win for Nvidia at
Speaker 2: the time. But Beijing at this point they do remain
Speaker 2: the hold up. China central government has complained about US
Speaker 2: export controls and advanced technology. They also want to achieve
Speaker 2: degree of self sufficiency in semiconductors and boosts some of
Speaker 2: the domestic champions in China, So there's that end of it.
Speaker 2: Another company we're following cloud computing provider Nevius Group. They're
Speaker 2: actually out of the Netherlands, but when you have a
Speaker 2: six hundred and eighty four percent jump in first quarter sales,
Speaker 2: yeah you take notice. They're attributing this to increased demand
Speaker 2: for its data centers revenues three hundred and ninety nine
Speaker 2: million dollars for the quarter, slightly above expectations. Eb adjusted
Speaker 2: earnings before he enters, taxes, depreciation, and amortization, all of
Speaker 2: which you pain in cash one hundred and twenty nine
Speaker 2: point five million dollars. Remember they had a loss during
Speaker 2: the same period last year. Nebbus competes with core Weave
Speaker 2: and a range of Neo cloud startups. They ran out
Speaker 2: computing resources to AI developers, pretty costly business, lots of competition,
Speaker 2: especially from the largest cloud operators in Silicon Valley. You
Speaker 2: got one more well, we got to do. Mister Son's
Speaker 2: company investment in open Ai paying off for soft Bega.
Speaker 2: They reported a surge in quarterly profit. Most of it
Speaker 2: was because of that investment. The results say just probably
Speaker 2: the company is going to make an even bigger bet
Speaker 2: on the chat GPT maker.
Speaker 1: So they got something right.
Speaker 2: They got something right, and I don't see much elsewhere.
Speaker 2: It's really going really right for mister Son company at
Speaker 2: this point. So expect perhaps, I mean that's the betting.
Speaker 2: At this point, they're going to make a bigger investment
Speaker 2: in the open AI.
Speaker 1: And the stock movers report from Bloomberg Radio. Check back
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