Bloomberg Podcasts · Minimax Falls, SK Hynix Down, Kweichow Moutai Rises | Stock Movers

1. 1. Chinese AI firm Moonshot launched the K3, a 2 trillion parameter model, and Alibaba also launched a similar model, sending shockwaves through the AI ecosystem.
2. 2. Pure-play AI-listed names in China like Zhipu and MiniMax are down significantly for the second week in a row, while Moonshot plans to IPO within six months.
3. 3. Chinese AI models are trained with restricted compute and memory due to chip restrictions, making them highly efficient, which is pressuring memory chipmakers like SK Hynix and Samsung.
4. 4. TSMC said it would 'leave no spare money on the ground' as it builds out US capacity, potentially gaining the lion's share of remaining compute demand.
5. 5. Kweichow Moutai raised prices for the first time in a long while, boosting its stock by 5.2% and sparking a rally in banking and insurance sectors.
6. 6. China's 'national team' state-owned funds are buying ETFs to stabilize the market after last week's AI-driven volatility, aiming to protect retail investors and support upcoming IPOs.