Ideas
Mizuho targets higher profit and PBR
Mizuho is concentrating on four areas, including Japan mass retail, asset management, wealth management, and supporting Japanese corporates and its global business; restructuring is complete, the European business is moving to offense, acquisitions like Augusta and Aventis are integrated, and targets include FY28 after-tax profit of 1.4 to 1.5 trillion yen and PBR of 1.75 to 2.0, with BOJ rate hikes and Japan macro improvement supporting the business.
Fed cuts, strong economy lift US stocks
Expects Fed rate cuts within a strong US economy with low unemployment, resilient inflation, deregulation, and lower taxes, which should be a tailwind for risk assets and makes her constructive on the US stock market.
Broaden into value, small caps, international
After back-to-back strong years, she advocates a back-to-basics, more balanced approach: broadening beyond a few high-growth AI names into lower-valuation cheaper names, value versus growth, small versus mega-cap, and international or global exposure including Japan.
Still like AI, avoid concentration
Still likes growth and tech and believes the AI expansion is closer to the start than the end, with significant global productivity potential, but she avoids concentrating in a couple of AI stocks at nosebleed valuations and prefers balanced exposure.
Gold has room to run tactically
Gold is a tactical trade, not a long-term allocation; it remains above the 50-day moving average and below RSI 75, so she sees room to run, but would exit if RSI breaches 75 and buy back at a lower level.
AI buildout needs trillions, creates jobs
Says the AI buildout is the largest infrastructure buildout in human history, requiring trillions of dollars of investment, and it will create many jobs, including plumbers, electricians, construction, steel and network technicians, with salaries nearly doubling to six figures.
KOSPI rally continues on AI optimism
KOSPI has crossed 5,000 and the only way seems up; it is attractive on valuations, insulated from US-EU tensions, and offers broader tech exposure than Taiwan, including Samsung and SK hynix exposure to memory and chips; pace may slow after a frantic rally but the trend remains higher.
JGB calm fragile ahead of auction
JGBs are calm but fragile after this week's buyers' strike; yields look attractive to buy and hold at these levels, but a 40-year auction next week could be extremely tough and the Bank of Japan is likely to stay close to its chest.
Innovation stocks to outperform broader market
AI is accelerating ARK's innovation platforms, including robotics, energy storage, AI, autonomous mobility, multi-omics, and public blockchains; this is the largest investment cycle ever, likely lifting global GDP growth to high single digits in the latter half of the decade, and disruptive innovation could become most equity market cap while non-innovation stocks may decline. ARK's actively managed ETFs provide efficient exposure to disruptive innovation.
AI compute demand justifies trillion-dollar buildout
AI compute will require more than $1 trillion in spending by 2030 and potentially more with AI in space; the world is starving for compute, foundation model providers are turning down business because they lack data centers and compute, and demand elasticity is enormous, with humanoid robots and robotaxis also needing compute.
AI power demand boosts energy storage, solar
AI compute needs enormous energy; distributed energy and energy storage are important, solar is delivering all marginal growth in energy supply, modular nuclear comes later this decade, and batteries attached behind the meter will load-balance power for chips.
AI chip demand broad; Nvidia margins risk
Demand for AI chips is so extreme that there is room for multiple players; Nvidia's high gross profitability invites competition from vertically integrated players such as Tesla, Amazon, Broadcom with OpenAI, Google TPU, and AMD, and Nvidia's gross margins cannot stay at current spot levels perpetually in a cyclical business.
AI chip demand broad; Nvidia margins risk
Demand for AI chips is so extreme that there is room for multiple players; Nvidia's high gross profitability invites competition from vertically integrated players such as Tesla, Amazon, Broadcom with OpenAI, Google TPU, and AMD, and Nvidia's gross margins cannot stay at current spot levels perpetually in a cyclical business.
Humanoid robots scale on Tesla platform
Robotics and humanoid robots will be remarkable innovations once they scale; they require lots of compute for AI-first training, and he expects this to happen on Tesla's platform over the course of the decade.
Tesla leads scalable robotaxi and robotics
Tesla is the leader in Western robotaxi markets because it can deliver full-stack autonomous driving on affordable vehicles, scale the business, and potentially use the same platform for humanoid robots; the $1-per-mile robotaxi economics could expand the ride-hail market more than 10x.
Robotaxi market to expand more than 10x
Robotaxi services could collectively be worth $30 trillion globally; Tesla leads in Western markets with a scalable full-stack autonomous approach on $35,000 cars, while Waymo's expensive sensors make scaling harder; at $1 per mile the ride-hail market expands more than 10x, and Chinese manufacturers can scale new models and sensors quickly.
Baidu attractive China AI, autonomous play
Baidu has an interesting angle in both AI and autonomous vehicles in China; as robotaxi markets develop, local geographic monopolies and partnerships may favor local providers, making Baidu a way to play China autonomous mobility.
AI lowers drug discovery costs
Multi-omics is an ARK innovation platform; AI should meaningfully decrease the cost to discover and deliver drugs, increasing return on research and development, though innovation investing remains volatile and a mix of technologies is important.
Baht faces policy, gold-link challenges
The Thai baht's recent decline was driven by gold pulling back; medium-term Thai fundamentals are challenging with weak growth, exports struggling to rebound, and low inflation, leaving the currency detached and exports-dependent; officials want to decouple the baht from gold and curb speculation, but interim-government constraints limit action.
Ringgit supported by AI boom, hike risk
The ringgit is less volatile than many peers; Bank Negara Malaysia is likely on hold, but the risk over the next 6 to 12 months is a hike rather than a cut due to strong fourth-quarter GDP, surging exports, and AI/data-center FDI; investors are overweight and the ringgit was a top performer, with tailwinds expected to continue.
Rupiah pressured by fiscal, autonomy risks
The rupiah is sensitive to fiscal risk and central bank autonomy concerns: the fiscal deficit is near the 3% ceiling and the appointment of a deputy governor seen as politically connected has accelerated bearish sentiment; investors are jittery about how this affects the rupiah.
Strong jobs support Australian dollar
Australian December unemployment unexpectedly fell to 4.1%; the strong labor market adds weight to the view that the RBA's cutting cycle is over, and the next move may even be a hike, which is reflected in the Australian dollar above $0.68.
Copper prices rise on supply deficit
Copper demand is ubiquitous, and the energy transition, renewables, and data centers are copper-intensive; supply is getting harder to find with smaller, lower-grade, deeper deposits, so pressure to find new supply underpins the price escalation.
BHP growth in copper and potash
BHP is the world's largest copper producer and has grown copper volumes 30% in three years; it has four major growth projects, including Resolution Copper in Arizona, which could supply 25% of US copper demand for decades; growth focus in copper and potash plus a strong balance sheet and capital discipline make it a differentiated diversified miner.
This Bloomberg Markets video, published January 22, 2026,
features Masahiro Kihara, Terri Spath, Jensen Huang, Garfield Reynolds, Brett Winton, Marcus Wong, Paul Allen, Mike Henry
discussing MFG, SPY, Value stocks, IWM, International stocks, EWJ, AI-SECTOR, GLD, AIQ, EWY, Japanese government bonds, ARKK, AI compute, SOLAR, ICLN, URA, BATTERIES, AI Chips, NVDA, ROBO, Humanoid robots, TSLA, DRIV, Robotaxi, BAIDU, ARKG, THB, Malaysian ringgit, Indonesian rupiah, Australian dollar (AUD/USD), COPPER, BHP.
24 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Masahiro Kihara,
Terri Spath,
Jensen Huang,
Garfield Reynolds,
Brett Winton,
Marcus Wong,
Paul Allen,
Mike Henry
· Tickers:
MFG,
SPY,
Value stocks,
IWM,
International stocks,
EWJ,
AI-SECTOR,
GLD,
AIQ,
EWY,
Japanese government bonds,
ARKK,
AI compute,
SOLAR,
ICLN,
URA,
BATTERIES,
AI Chips,
NVDA,
ROBO,
Humanoid robots,
TSLA,
DRIV,
Robotaxi,
BAIDU,
ARKG,
THB,
Malaysian ringgit,
Indonesian rupiah,
Australian dollar (AUD/USD),
COPPER,
BHP
