Tech Stocks Rally in AI Trade Euphoria | The China Show | 7/31/2026

Watch on YouTube ↗  |  July 31, 2026 at 06:23  |  1:32:46  |  Bloomberg Markets
Speakers
Maribel Lopez — Principal Analyst, Lopez Research
Jason Tsai — CFO, Silicon Motion
Scott Bessent — Treasury Secretary
Ruth Carson — Correspondent, Singapore
Amy Xie Patrick — Head of Income Strategies, Pendal Group
Serena Cai — Executive Director and Portfolio Manager, ChinaAMC Hong Kong
Harold Lim — Asia Credit Reporter, Bloomberg
Anthony Stevens — Bloomberg Market Producer

Summary

Asian tech stocks surged on strong Amazon earnings, reviving the AI trade. Japan and South Korea reportedly intervened in FX markets, while the BOJ decision loomed. Guests debated yen direction, highlighted opportunities in semiconductors, dim sum bonds, and Australian IG credit, and discussed Silicon Motion’s blockbuster guidance. Breaking news included Tesla mulling a China unit sale and Deep Seek planning a huge data center.

  • Asian tech stocks soar, KOSPI up 16%, after Amazon results reinforce AI infrastructure spending.
  • Japan and South Korea reportedly intervene to support yen and won ahead of BOJ meeting.
  • Maribel Lopez sees AI boom validated, lifting the semiconductor industry.
  • Silicon Motion CFO guides for >100% revenue growth on enterprise/AI diversification.
  • Serena Cai highlights dim sum bonds’ low correlation and compelling returns.
  • Amy Xie Patrick champions Australian IG credit for its strong risk-adjusted returns.
  • Scott Bessent calls the yen undervalued, while Ruth Carson notes traders remain short on rate differentials.
  • Tesla weighs China unit sale; Deep Seek plans 1GW data center in Inner Mongolia.
Ideas
Maribel Lopez Principal Analyst, Lopez Research 15:28
AI boom validated, semiconductor industry benefits
Microsoft and Amazon cloud revenue and forward demand exceeded expectations, validating that the AI boom is not over and that hyperscaler investment will continue, which in turn drives a broad semiconductor industry upswing and global opportunity.
SMH MED
Scott Bessent Treasury Secretary 52:48
Yen is very undervalued, should strengthen
Despite the yen looking cheap, wide rate differentials and a BOJ that is seen as behind the curve keep the carry trade alive, so investors keep putting money into yen shorts as intervention is viewed as a speed bump.
FXY HIGH
Jason Tsai CFO, Silicon Motion 60:43
Revenue doubling amid enterprise AI diversification
Silicon Motion is growing revenue more than 100% year-on-year, driven by market share gains, upgrades to higher-end products, and rapidly scaling enterprise controller, automotive, and boot-drive businesses that diversify revenue away from consumer PCs and smartphones.
SIMO HIGH
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This Bloomberg Markets video, published July 31, 2026, features Maribel Lopez, Scott Bessent, Jason Tsai discussing SMH, FXY, SIMO. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Maribel Lopez, Scott Bessent, Jason Tsai  · Tickers: SMH, FXY, SIMO