WEBVTT - Nvidia Higher; Nebius Beat; SoftBank OpenAI Gains

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a.

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<v Speaker 1>Look at some stocks on the move today. I'm Tim

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<v Speaker 1>Keen with Paul Sweeni and Bloomberg's John Tucker doing the

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<v Speaker 1>Stock Movers. It's a podcast, John, what do you have?

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<v Speaker 2>Well, it's unclear at this point whether President Trump what

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<v Speaker 2>he's going to exactly raise with the Chinese president during

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<v Speaker 2>this trip, and whether or not there are concerns that

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<v Speaker 2>relate specifically to Nvidia. Jensen Wong kind of like joined

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<v Speaker 2>at the very last minute on this trip. The big

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<v Speaker 2>ticket item that would be seeking Beijing's approval for Chinese

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<v Speaker 2>customers to buy in Vidia's advanced H two hundred chips,

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<v Speaker 2>those products that used to train and run models like

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<v Speaker 2>chat GPT. They've always required Washington's permission for export to China.

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<v Speaker 2>The big concern is that the US things the technology

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<v Speaker 2>could boost the military in China. Shares a Minimax Group

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<v Speaker 2>and Knowledge Atlass Technology that's a joint stock that's sword

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<v Speaker 2>in Hong Kong. Investors are betting that the Chinese AI

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<v Speaker 2>developers are gaining access to the Invidia accelerators.

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<v Speaker 1>So they're part of the Invidia story.

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<v Speaker 2>They're part of the Invidia story. Some more powerful accelerators

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<v Speaker 2>is going to be good for these companies. Investors seem

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<v Speaker 2>to be excited at Jensen Wang's joining Trump on this trip.

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<v Speaker 1>He wants to sell Invidia to China.

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<v Speaker 2>Well, China also has restriction. I mean it goes both ways,

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<v Speaker 2>so both ways. The team Trump, you'll recall, granted the

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<v Speaker 2>licenses several months ago and kind of a reversal of

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<v Speaker 2>US policy in a pretty big win for Nvidia at

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<v Speaker 2>the time. But Beijing at this point they do remain

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<v Speaker 2>the hold up. China central government has complained about US

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<v Speaker 2>export controls and advanced technology. They also want to achieve

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<v Speaker 2>degree of self sufficiency in semiconductors and boosts some of

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<v Speaker 2>the domestic champions in China, So there's that end of it.

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<v Speaker 2>Another company we're following cloud computing provider Nevius Group. They're

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<v Speaker 2>actually out of the Netherlands, but when you have a

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<v Speaker 2>six hundred and eighty four percent jump in first quarter sales,

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<v Speaker 2>yeah you take notice. They're attributing this to increased demand

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<v Speaker 2>for its data centers revenues three hundred and ninety nine

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<v Speaker 2>million dollars for the quarter, slightly above expectations. Eb adjusted

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<v Speaker 2>earnings before he enters, taxes, depreciation, and amortization, all of

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<v Speaker 2>which you pain in cash one hundred and twenty nine

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<v Speaker 2>point five million dollars. Remember they had a loss during

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<v Speaker 2>the same period last year. Nebbus competes with core Weave

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<v Speaker 2>and a range of Neo cloud startups. They ran out

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<v Speaker 2>computing resources to AI developers, pretty costly business, lots of competition,

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<v Speaker 2>especially from the largest cloud operators in Silicon Valley. You

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<v Speaker 2>got one more well, we got to do. Mister Son's

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<v Speaker 2>company investment in open Ai paying off for soft Bega.

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<v Speaker 2>They reported a surge in quarterly profit. Most of it

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<v Speaker 2>was because of that investment. The results say just probably

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<v Speaker 2>the company is going to make an even bigger bet

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<v Speaker 2>on the chat GPT maker.

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<v Speaker 1>So they got something right.

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<v Speaker 2>They got something right, and I don't see much elsewhere.

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<v Speaker 2>It's really going really right for mister Son company at

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<v Speaker 2>this point. So expect perhaps, I mean that's the betting.

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<v Speaker 2>At this point, they're going to make a bigger investment

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<v Speaker 2>in the open AI.

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<v Speaker 1>And the stock movers report from Bloomberg Radio. Check back

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