Bloomberg Daybreak: Asia Edition

Nvidia delivered a sales forecast that left some investors underwhelmed, adding to concerns about the momentum of AI spending. Revenue in the current period will be $108 billion, plus or minus 2%, the company said in a statement Wednesday. Though analysts had estimated $105.2 billion on average, some projections exceeded $110 billion, according to data compiled by Bloomberg. Gross margin, the percentage of sales remaining after deducting the cost of production, will be roughly 74%.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Lisa Mateo speak with Ed Ludlow, Bloomberg Tech co-host, and Rami Sarafa, CEO at Cordoba Advisory Partners.
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Business and finance news from the Asia-Pacific.
Asian shares rose, led by chipmakers, as a decline in crude oil eased concerns about quickening inflation. MSCI's Asia Pacific equities gauge climbed 0.8%, with Samsung Electronics Co. and SK Hynix Inc. the biggest contributors. The regional benchmark was poised for a fourth gain in five sessions. Chip stocks had also advanced on Wall Street, with Nvidia Corp. snapping a seven-day run of losses before its earnings later Wednesday. We speak to Bloomberg's Executive Editor for Asia Markets, Paul Dobson.
And - The newly established Asia Innovation and Technology Enterprises Going Global Summit aims to transition Asian tech firms from regional leaders into global players. Bloomberg's Minmin Low spoke to MindRank AI Founder and CEO, Niu Zhangming.
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Business and finance news from the Asia-Pacific.
Asian equities declined as investors cut exposure to technology shares ahead of earnings this week that will test confidence in the artificial intelligence trade. The MSCI Asia Pacific equities gauge slipped 0.5%, with South Korean chip bellwethers SK Hynix Inc. and Samsung Electronics Co. contributing most to the decline. The losses followed a selloff in semiconductor giants on Wall Street that dragged the Nasdaq 100 Index down nearly 1% on Monday, while Nvidia Corp. posted its longest losing streak since 2022. We speak to Mark Cudmore, Global Leader of the Markets Live Team at Bloomberg News.
Plus - Leapmotor posted reported a strong first half profit due to surging sales but the company's net income missed analyst estimates. Bloomberg's Yvonne Man and David Ingles spoke to Co-President Michael Wu.
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Business and finance news from the Asia-Pacific.
Asian stocks edged lower, with the artificial intelligence trade in focus during a week set to be shaped by earnings from chip bellwether Nvidia Corp. and the Federal Reserve's annual gathering. Bloomberg's Paul Allen and Haidi Stroud-Watts speak to Pepperstone Research Strategist Dilin Wu.
And - China said it continues to support a diplomatic end to the US-Iran war, in a delayed statement released shortly before the US is set to unveil measures to punish Tehran's economic partners. Bloomberg's Haidi Stroud-Watts and Paul Allen spoke to Christopher Smart, Managing Partner at Arbroath Group.
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to Fed Chair Kevin Warsh’s speech in Jackson Hole and earnings from chip giant, Nvidia.
In the UK – a look ahead to a key meeting of French business leaders as they count down to a pivotal Presidential election.
In Asia – a look ahead to Tokyo inflation
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