WEBVTT - Kioxia Jumps, Z.AI Surges, Hainan Jinpan Falls

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<v Speaker 1>Bloomberg Audio Studios. Podcasts.

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<v Speaker 2>Radio. News.

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<v Speaker 1>The Stock Movers Report. Your roundup of companies making moves

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<v Speaker 1>in the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today in Asia. I'm Stephen Carroll with Caroline Hepker. And

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<v Speaker 3>joining us now is our markets reporter, Anthony Stevens. Anthony, NVIDIA,

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<v Speaker 3>of course, the big story on markets globally. In its

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<v Speaker 3>earnings report, though, it identified memory as a bottleneck, and

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<v Speaker 3>that's boosting those firms in trading in Asia today.

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<v Speaker 2>Yes, it explicitly identified memory as a problem in supply,

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<v Speaker 2>kind of capping their revenue growth number, which was anyway

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<v Speaker 2>coming in at 70% for next year. So even though

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<v Speaker 2>that's quite extraordinary, they identified memory shortages as a key problem.

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<v Speaker 2>And they outlined a pretty punchy forward commitment to buying

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<v Speaker 2>memory in the realm of $ 270 billion. And that's provided

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<v Speaker 2>a lot of visibility for memory stocks in the region.

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<v Speaker 2>You have Kyokusha up 3.7% to lead Japan. And though

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<v Speaker 2>it's come off a lot from the highs, Samsung and

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<v Speaker 2>Hynix are still up over a percent. And Nanyatech in

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<v Speaker 2>Taiwan is up almost 5%.

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<v Speaker 3>Meanwhile, a whole range of Chinese companies released AI updates,

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<v Speaker 3>which is also helping to lift shares in hardware companies.

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<v Speaker 2>Yeah, an extraordinary day, actually, ahead of the NVIDIA earnings

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<v Speaker 2>from the Chinese AI ecosystem. You had Z.AI reveal that

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<v Speaker 2>it was behind the viral AUX Alpha model. That stock

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<v Speaker 2>is up 9.5%. Minimax almost quadrupled revenue. That stock's up 3%.

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<v Speaker 2>And then you had pretty decent numbers from DeepSeek as well,

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<v Speaker 2>10x-ing their revenue ahead of a potential IPO and ahead

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<v Speaker 2>of quite a large capital raise. Now, put that together,

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<v Speaker 2>and that's quite a good story for the Chinese hardware sector,

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<v Speaker 2>which is rallying quite hard here, 80 bips up on

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<v Speaker 2>the Chinex. But underneath, there are some very big moves

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<v Speaker 2>from Victory Giant, Montage, and Optical Names, because they make

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<v Speaker 2>up the building blocks of these server farms that all

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<v Speaker 2>these Chinese LLMs are using.

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<v Speaker 3>And an announcement by the US president to ban some

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<v Speaker 3>foreign-made equipment from being used in American power grids is

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<v Speaker 3>having an effect on some companies in Asia. Tell us more.

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<v Speaker 2>Yes, Trump's move to ban foreign energy equipment from the grid,

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<v Speaker 2>especially because the grids are becoming more smart and that

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<v Speaker 2>involves a lot more communication. And there is a lot

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<v Speaker 2>of concern around the national security implications of such smart

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<v Speaker 2>grids being made in other countries. Now, there wasn't any

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<v Speaker 2>explicit mention of China, but people kind of got the

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<v Speaker 2>message very quickly. C1 Electric was down a 10% limit on.

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<v Speaker 2>Hainan Jinpan smart grid was also down 9%. and Jiangsu

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<v Speaker 2>Electric is down 8%. Amongst the solar names as well,

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<v Speaker 2>there's been a little, solar and battery names, there's also

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<v Speaker 2>been a little bit of concern of how far they

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<v Speaker 2>can grow into the U.S. market with this overhang. Particularly

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<v Speaker 2>badly hit is SunGrow Power that makes inverters that go

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<v Speaker 2>with renewable energy. They're down around 13%. And the big-ticket cattle,

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<v Speaker 2>which makes the Tesla batteries amongst all other battery names,

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<v Speaker 2>that's down 2%. Otherwise, the Chinex would have been much stronger.

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<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

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