Coreweave, Super Micro Computer Earnings Fuel Global Tech Rally | Daybreak Europe 8/12/2026

Watch on YouTube ↗  |  August 12, 2026 at 07:18  |  47:04  |  Bloomberg Markets
Speakers
Winnie Hsu — Bloomberg Reporter (Asia Markets)
Neil — Senior Strategist
Robert Lee — Senior Analyst, Bloomberg Intelligence
Abeer Abu Omar — Reporter, Bloomberg London
Anthony — Reporter, Bloomberg
Ven — Macro Analyst

Summary

Asian equities rallied, led by Korean chipmakers, after strong AI-related earnings from Coreweave and Super Micro Computer revived the AI trade. Oil extended its longest winning streak since April on deepening Straits of Hormuz uncertainty despite Trump's claims of control. Traders braced for US CPI data with a 50-50 split on a September Fed hike, while fiscal concerns kept long-end Treasury yields near multi-year highs. Chinese tech, particularly Tencent, faces margin pressure from escalating AI spending and weak monetization, and South Korea unveiled plans for a sovereign wealth fund to back AI startups.

  • KOSPI surges 3.8%; Samsung, SK Hynix up ~5% on shareholder return expectations and Singapore fund report.
  • CoreWeave added 500MW of AI capacity, more than all other neo-clouds combined.
  • Super Micro Computer and CoreWeave earnings drag Asia and Nasdaq futures higher.
  • Strait of Hormuz transit paralyzed; Brent crude touches $90 on deal skepticism and widening regional conflict.
  • Russian crude exports plunge to May lows as Ukraine intensifies refinery attacks.
  • US CPI expected at 3.4% YoY; record short bond positions could fuel asymmetric Treasury rally on soft print.
  • Tencent earnings preview highlights AI capex doubling, margin drag, and nearly 1,000 competing LLMs in China.
  • South Korea to launch SWF with $700M+ targeting AI Series B companies, not Samsung or SK Hynix.
Ideas
Winnie Hsu Bloomberg Reporter (Asia Markets) 2:54
Korean chip stocks rally on shareholder returns.
Korean chip stocks Samsung and SK hynix are rallying on expectations of massive shareholder return announcements later this month and a local report that a Singapore state fund will invest in the two companies, shifting investor focus to cash returns and long-term attractiveness of the Korean market.
005930.KS 000660.KS MED
Neil Senior Strategist 5:50
CoreWeave earnings confirm robust AI demand.
Coreweave's earnings show it added 500 megawatts of AI compute capacity in the quarter, more than all other neo-clouds combined, signaling that AI demand is 'alive and well' and that spending from hyperscalers remains reflective of robust underlying demand for AI infrastructure.
CoreWeave SMCI MED
Ven Macro Analyst 8:31
Treasuries poised for short-covering rally.
The market has built up huge short leverage positions in Treasuries going into the CPI print; if the data is soft, forced short-covering will create an asymmetric rally, especially beyond the front end, and a small tactical rally in Treasuries is likely after the number.
IEF MED
Ven Macro Analyst 9:37
Fiscal concerns keep long-end yields high.
Fiscal profligacy and lack of policy action on the deficit will keep US yields elevated; the 30-year yield is already the highest since 2008 and duration markets will remain unattractive as yields stay stretched to multi-year highs in the coming months.
TLT MED
Abeer Abu Omar Reporter, Bloomberg London 13:01
Hormuz stalemate keeps oil prices elevated.
Strait of Hormuz oil transit remains paralyzed due to back-and-forth claims of control between the U.S. and Iran, with no clear agreement in place and an expanding regional conflict involving proxies; Brent crude has already touched $90 per barrel and the physical disruption is sustaining upward pressure on oil prices.
BNO HIGH
Robert Lee Senior Analyst, Bloomberg Intelligence 36:33
Tencent AI spending drags on margins.
Tencent's earnings growth is slowing as it doubles AI spending into a market with nearly 1,000 large language models, intense competition, free AI tools, and hard monetization; AI investment is dragging margins across the Chinese internet sector and investors are unlikely to see sustainable returns this financial year.
TCEHY MED
Up Next
1:38
Watching Consumer Spending 8/12/26
CNBC · Aug 12
46:59
AI Boom Fuels Asian Stocks Even as Oil Climbs | Insight with Haslinda Amin 08/12/2026
Bloomberg Markets · Aug 12
46:04
Hormuz Deal in Doubt as Iran Keeps Strait Shut | Horizons Middle East & Africa 8/12/2026
Bloomberg Markets · Aug 12
23:50
[#UrgentMarketUpdate] KOSPI Surges, Short Covering Explodes... Foreigners Buy 3 Trillion Won, Firepower Concentrates 'Here' / Why Today Is Really Important | Director Park Hyun-sang
815 Money Talk (815머니톡) · Aug 12
1:33:13
Tencent Earnings a Litmus Test for China's AI Sector | The China Show | 8/12/2026
Bloomberg Markets · Aug 12

This Bloomberg Markets video, published August 12, 2026, features Winnie Hsu, Neil, Ven, Abeer Abu Omar, Robert Lee discussing 005930.KS, 000660.KS, CoreWeave, SMCI, IEF, TLT, BNO, TCEHY. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Winnie Hsu, Neil, Ven, Abeer Abu Omar, Robert Lee  · Tickers: 005930.KS, 000660.KS, CoreWeave, SMCI, IEF, TLT, BNO, TCEHY