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Speaker 1: The Stock Movers Report. Your roundup of companies making moves
Speaker 1: in the stock market. Harnessing the power of Bloomberg data.
Speaker 3: Let's take a look at some stocks on the move
Speaker 3: today in Asia. I'm Stephen Carroll with Caroline Hepker. And
Speaker 3: joining us now is our markets reporter, Anthony Stevens. Anthony, NVIDIA,
Speaker 3: of course, the big story on markets globally. In its
Speaker 3: earnings report, though, it identified memory as a bottleneck, and
Speaker 3: that's boosting those firms in trading in Asia today.
Speaker 2: Yes, it explicitly identified memory as a problem in supply,
Speaker 2: kind of capping their revenue growth number, which was anyway
Speaker 2: coming in at 70% for next year. So even though
Speaker 2: that's quite extraordinary, they identified memory shortages as a key problem.
Speaker 2: And they outlined a pretty punchy forward commitment to buying
Speaker 2: memory in the realm of $ 270 billion. And that's provided
Speaker 2: a lot of visibility for memory stocks in the region.
Speaker 2: You have Kyokusha up 3.7% to lead Japan. And though
Speaker 2: it's come off a lot from the highs, Samsung and
Speaker 2: Hynix are still up over a percent. And Nanyatech in
Speaker 2: Taiwan is up almost 5%.
Speaker 3: Meanwhile, a whole range of Chinese companies released AI updates,
Speaker 3: which is also helping to lift shares in hardware companies.
Speaker 2: Yeah, an extraordinary day, actually, ahead of the NVIDIA earnings
Speaker 2: from the Chinese AI ecosystem. You had Z.AI reveal that
Speaker 2: it was behind the viral AUX Alpha model. That stock
Speaker 2: is up 9.5%. Minimax almost quadrupled revenue. That stock's up 3%.
Speaker 2: And then you had pretty decent numbers from DeepSeek as well,
Speaker 2: 10x-ing their revenue ahead of a potential IPO and ahead
Speaker 2: of quite a large capital raise. Now, put that together,
Speaker 2: and that's quite a good story for the Chinese hardware sector,
Speaker 2: which is rallying quite hard here, 80 bips up on
Speaker 2: the Chinex. But underneath, there are some very big moves
Speaker 2: from Victory Giant, Montage, and Optical Names, because they make
Speaker 2: up the building blocks of these server farms that all
Speaker 2: these Chinese LLMs are using.
Speaker 3: And an announcement by the US president to ban some
Speaker 3: foreign-made equipment from being used in American power grids is
Speaker 3: having an effect on some companies in Asia. Tell us more.
Speaker 2: Yes, Trump's move to ban foreign energy equipment from the grid,
Speaker 2: especially because the grids are becoming more smart and that
Speaker 2: involves a lot more communication. And there is a lot
Speaker 2: of concern around the national security implications of such smart
Speaker 2: grids being made in other countries. Now, there wasn't any
Speaker 2: explicit mention of China, but people kind of got the
Speaker 2: message very quickly. C1 Electric was down a 10% limit on.
Speaker 2: Hainan Jinpan smart grid was also down 9%. and Jiangsu
Speaker 2: Electric is down 8%. Amongst the solar names as well,
Speaker 2: there's been a little, solar and battery names, there's also
Speaker 2: been a little bit of concern of how far they
Speaker 2: can grow into the U.S. market with this overhang. Particularly
Speaker 2: badly hit is SunGrow Power that makes inverters that go
Speaker 2: with renewable energy. They're down around 13%. And the big-ticket cattle,
Speaker 2: which makes the Tesla batteries amongst all other battery names,
Speaker 2: that's down 2%. Otherwise, the Chinex would have been much stronger.
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