Lenovo Surges to 26-Year High After Strong AI Growth | The China Show 5/22/2026

Watch on YouTube ↗  |  May 22, 2026 at 05:36  |  1:32:19  |  Bloomberg Markets
Speakers
Kate Moore — Head of Thematic Strategy, BlackRock
Rebecca Fannin — Founder, Silicon Dragon Ventures
Nisa Leung — Founding Managing Partner, Aulis Capital

Summary

The China Show covers Lenovo's surge to a 26-year high on AI earnings, a broad AI trade rally across Asia, and discussions on inflation, gold, and Korea overweight. Guests include Kate Moore advocating for AI infrastructure, gold, and avoiding long duration, Rebecca Fannin highlighting Chinese tech winners like BYD and CATL, and geopolitical analysis on US-China relations.

  • Lenovo shares jump 14% to 26-year high after AI-driven revenue growth of 84%.
  • Kate Moore from Citi Wealth says AI trade can be divorced from macro risks, recommends semiconductors and gold.
  • Moore is overweight Korea and underweight long-duration Treasuries.
  • Rebecca Fannin names BYD and CATL as key Chinese tech champions.
  • Anthony Stevens notes CPU names and quantum computing as new AI themes.
  • US-Iran talks progress and APEC trade ministers meeting in Suzhou are market-moving.
  • Standard Chartered CEO's AI comments cause regulatory scrutiny.
Trade Ideas
Kate Moore Head of Thematic Strategy, BlackRock 5:35
Semiconductors are key AI infrastructure plays.
AI investment is existential for every company, demand broadening beyond hyperscalers. Pick and shovel plays like semiconductors are key infrastructure plays and should be owned.
SMH MED
Kate Moore Head of Thematic Strategy, BlackRock 8:39
Avoid long-duration US Treasuries.
Inflation is broadening, rates biased higher due to fiscal spend and global tightening bias. Long-duration bonds will not provide portfolio ballast; we remain underweight.
US Treasuries (long duration) MED
Kate Moore Head of Thematic Strategy, BlackRock 8:44
Gold as bond alternative diversifies portfolio.
Gold diversifies portfolios against bonds because bonds will not provide support due to higher rates and broadening inflation. Gold should outperform fixed income and is an increasingly important portfolio ballast.
GLD HIGH
Kate Moore Head of Thematic Strategy, BlackRock 14:29
Korea offers strong AI earnings growth.
Overweight Korea due to strong earnings growth, multiple contraction, and AI exposure. US investors are missing out on powerful parts of the AI story by only investing in US names.
EWY HIGH
Rebecca Fannin Founder, Silicon Dragon Ventures 41:35
BYD is a leading EV innovator.
BYD is a huge innovator in the EV space with a strong supply chain advantage and is dominating the Chinese EV market.
1211.HK HIGH
Rebecca Fannin Founder, Silicon Dragon Ventures 42:01
CATL dominates global battery market.
CATL is the world's dominant battery maker, supplying major automakers like Ford and GM, and has a commanding position in the battery market.
CATL HIGH
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This Bloomberg Markets video, published May 22, 2026, features Kate Moore, Rebecca Fannin discussing SMH, US Treasuries (long duration), GLD, EWY, 1211.HK, CATL. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kate Moore, Rebecca Fannin  · Tickers: SMH, US Treasuries (long duration), GLD, EWY, 1211.HK, CATL