OpenAI’s Revenue Run Rate Tops $40B | The Asia Trade 8/14/2026

Watch on YouTube ↗  |  August 14, 2026 at 04:39  |  1:35:26  |  Bloomberg Markets
Speakers
Anthony Stevens — Bloomberg Market Producer
Sunny — Equity Strategist
Cindy Park — Nomura
Alice French — Japan Equities Reporter, Bloomberg
Tim Waterer — Chief Market Analyst, KCM Trade
Catherine Lim — Senior Analyst, Bloomberg Intelligence
Juliana Lou — Opinion Columnist, Bloomberg
Jennifer Song — Senior Equity Strategist, Morningstar
Romy — Bloomberg Digital Politics Editor
Praveer Sinha — CEO, Tata Power

Summary

The video covers the latest developments in Asian markets, highlighting the impact of cooling US inflation on equity rallies and the ongoing AI boom. Discussions feature the structural re-rating of the KOSPI driven by corporate buybacks, the shifting dynamics of the Japanese yen affecting exporters, and the struggles of the Chinese consumer impacting companies like JD.com and luxury brands. Additionally, the program touches on the implications of new US tariffs on Chinese drones and the growing power demands of AI data centers in India.

  • Cooling US inflation data fuels optimism for a Fed rate cut, boosting Asian equity markets.
  • SanDisk's strong guidance and pricing power lift memory and storage stocks across the region.
  • The KOSPI enters a technical bull market, supported by corporate buybacks from memory giants like Samsung and SK Hynix.
  • Japanese investors are advised to favor domestic sectors and niche tech as the weak yen's benefits for broad exporters may wane.
  • JD.com faces scrutiny over the sustainability of its margins amid weak Chinese consumer spending and high AI investments.
  • Chinese consumers are trading down from expensive luxury goods to high-end cosmetics, benefiting brands like L'Oreal.
  • New US tariffs on Chinese drones aim to reduce reliance on foreign manufacturers and could reshape the global drone market.
Ideas
Anthony Stevens Bloomberg Market Producer 2:25
Memory makers benefit from durable pricing power.
Memory and storage names like SanDisk and Samsung are rallying due to durable pricing power, high margins, and the transition to high-bandwidth memory.
SNDK MED
Anthony Stevens Bloomberg Market Producer 2:25
Memory makers benefit from durable pricing power.
The KOSPI is undergoing a structural re-rating driven by corporate buybacks, particularly from memory companies like Samsung and SK Hynix, supported by positive fundamentals in the AI data center theme.
005930.KS MED
Anthony Stevens Bloomberg Market Producer 6:18
Strong financial position supports AMD's equity.
AMD is in a very strong financial position with cash exceeding debt, and the high demand for its recent debt offering reflects strong investor confidence that supports its equity as well.
AMD MED
Sunny Equity Strategist 7:47
Chinese AI monetization drives domestic chip demand.
Chinese AI models are finding a path to monetization, creating a self-reinforcing loop that will drive demand for compute and memory, benefiting domestic chipmakers like CXMT, YTMC, and Huawei.
CXMT YTMC HUAWEI MED
Sunny Equity Strategist 9:08
JD struggles amid weak Chinese consumer spending.
JD.com faces sustainability questions regarding its margins and growth due to weak Chinese consumption, a calmer competitive landscape that may not last, and the need for continued heavy investments in AI.
JD MED
Cindy Park Nomura 26:12
Corporate buybacks drive a KOSPI re-rating.
The KOSPI is undergoing a structural re-rating driven by corporate buybacks, particularly from memory companies like Samsung and SK Hynix, supported by positive fundamentals in the AI data center theme.
EWY 000660.KS HIGH
Alice French Japan Equities Reporter, Bloomberg 37:43
Favor Japanese domestic sectors and niche tech.
As the weak yen's benefits for broad exporters may fade, investors should be selective in Japan, favoring domestic demand-driven sectors like retail and food, as well as niche tech supply chain companies with AI tailwinds.
Japanese Retail Japanese tech supply chain Japanese food MED
Tim Waterer Chief Market Analyst, KCM Trade 54:02
Chipmakers benefit from strong supply-demand dynamics.
Chip manufacturers are attractive through 2027 due to favorable supply and demand dynamics, full order books, and revenue risks tied to factory throughput rather than lack of demand.
SMH MED
Tim Waterer Chief Market Analyst, KCM Trade 55:43
Central bank buying provides support for gold.
Gold is supported by ongoing central bank purchases from countries like China, Russia, and Turkey seeking to diversify away from the US dollar, with potential upside if US yields and the dollar pull back.
GLD HIGH
Juliana Lou Opinion Columnist, Bloomberg 78:23
Chinese consumers trade down to high-end cosmetics.
Chinese luxury shoppers are trading down from expensive handbags to high-end skincare and cosmetics, driving momentum for companies like L'Oreal and Estee Lauder.
EL LRLCY MED
Jennifer Song Senior Equity Strategist, Morningstar 82:16
Strong demand and dividends support Kweichow Moutai.
Kweichow Moutai benefits from extremely strong demand for its flagship product, allowing it to raise factory prices, and its high 75% dividend payout ratio supports the share price despite a weak overall consumer market.
600519.SS MED
Jennifer Song Senior Equity Strategist, Morningstar 85:04
Weak demand and capital controls pressure Macau.
Macau gaming operators face headwinds from weak mass-market demand tied to overall Chinese consumption challenges, and potential government tightening on capital flows could impact the high-end segment.
Macau gaming MED
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This Bloomberg Markets video, published August 14, 2026, features Anthony Stevens, Sunny, Cindy Park, Alice French, Tim Waterer, Juliana Lou, Jennifer Song discussing SNDK, 005930.KS, AMD, CXMT, YTMC, HUAWEI, JD, EWY, 000660.KS, Japanese Retail, Japanese tech supply chain, Japanese food, SMH, GLD, EL, LRLCY, 600519.SS, Macau gaming. 12 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anthony Stevens, Sunny, Cindy Park, Alice French, Tim Waterer, Juliana Lou, Jennifer Song  · Tickers: SNDK, 005930.KS, AMD, CXMT, YTMC, HUAWEI, JD, EWY, 000660.KS, Japanese Retail, Japanese tech supply chain, Japanese food, SMH, GLD, EL, LRLCY, 600519.SS, Macau gaming