these are incredible numbers perhaps coming through from sk hynix. >> sk hynix just announced the forcerst quarter earnings, we think that mainly is coming from the high -- memory price high. we still believe sk hynix even has higher asb. they have premium products. annabelle: we can get more on hbm in a moment, but where does that tell you we are at in terms of the recovery of the chip sector generally? >> actually, the memory cycle is turned around. that is driven by supply cuts. memory supplies at the expanding production cuts last year, because of -- they worried about supply shortages in 2024 this year. i think their production cut is the main driver for this recovery in the sector. annabelle: like you said, a lot of this is coming from the demand for hbm chips, high-bandwidth memory chips used for ai. do you think hynek's can continue to maintain its competitiveness in the field and continue, given the likes of macron and samsung as well are ramping up production? >> actually, we anticipate samsung electronic will start supplying hbm's for the first quarter, but the supply has bee

updating us on sk hynix. still to come, boeing is under pressure in late trading after the faa halts expansion of its max jet production for further safety checks. further details next. this is bloomberg. ♪ j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh wealth-changing question -- are you keeping as much

>> sk hynix because of the global pick up in ai and also chips, we are excited to see higher quarterly from them. -- expecting to see higher quarterly revenue from them. they may do more than their peers due to their dominant market share, with memory chips. in terms of sales they will also see inventory restocking and a pickup in smartphone demand in china as well. this is a higher selling price. paul: earnings being reported later on this week, can we expect there? >> for hyundai we are expecting to see profits surge due to their overall contribution in shipments but there are some concerns that sliding sales in china may impact earnings. that highlights the company's challenge to go into the world's largest market as well. we are expecting to see the company make a stable profit on advanced motors. the small business and the automotive union should remain solid. although we are expecting to see a loss in electric motors. paul: breaking news, earnings specialist rachel here, thank you for joining us. these are the stocks we are watching when stocks opened in korea and japan shortly.

investors want to hear samsung's plans to catch up to hynix, to invest more in that sphere and retake the momentum and stake its place in the ai sphere. that is one main concern of investors right now. the other is the state of the chip market, kind of in a 1-2 year depression right now and people are interested in knowing when we will climb out of this trough and finally see a significant recovery in chips and electronics in smartphones and so on. annabelle: what do we get in the smartphone division, it seems like there may be mixed messages on the mix mobile market a little bit. >> in terms of smartphones, i think eventually there's a little buzz around the latest galaxy s 24 which they are hyping up as an ai enabled phone. i think the early numbers have been promising and it's sort of a front runner of its kind in terms of trying to integrate ai services into your smartphone, and if this catches on with consumers, it's conceivable that we will see it in the market this year. at the same time, the replacement cycle just isn't what it is. if consumers decide there is no real innovati

executive sam altman is understood to be in south korea today meeting with chip—makers samsung and sk hynixition of asia business report. thanks for watching. bringing the different stories from across the uk. - my father and i started it and it has— my father and i started it and it has grown organically with lots — it has grown organically with lots of — it has grown organically with lots of people visiting and it grew— lots of people visiting and it grew and grew and just over the years— grew and grew and just over the years it's — grew and grew and just over the years it's mother nature taking it away— years it's mother nature taking it away again and we have to come — it away again and we have to come back and put it back together. it's not a lot left at att~ _ together. it's not a lot left at all. , ., ., together. it's not a lot left at all. ., ., ., at all. everyone who came along to help rebuild _ at all. everyone who came along to help rebuild the _ at all. everyone who came along to help rebuild the bench - at all. everyone who came along to help rebuild the bench has . to help r

call did not really provide loud and clear signals they were catching up to their rival chipmaker sk hynixn terms of producing high bandwidth memory, a type of ram that works rate with ai. a bit of good news as well. we are seeing expensive staying pretty high for samsung despite the profit cratering last year, going up 13% from one year earlier. there's determination for samsung to stay at the bleeding edge of innovation. rishaad: what are they talking about in terms of ai? this is the buzzword everyone is asking about right now on the call. >>>> ai certainly is the next big engine of growth for samsung. it has been considered a major source of income potentially for many companies including samsung and hynek's and micron. -- sk hynix and micron. there is still some uncertainty about demand and what it will mean in terms of sales and numbers for samsung. samsung is providing a very optimistic view. and has the ladies him phone that it says -- the latest handphone that says it uses ai tools, but we have not seen full-fledged consumer reactions to it yet. we need to see what it will mean, a

there was very little to change investors perception that it is trailing its south korean rival sk hynix. stocks down on a day when the infotech is the laggard on the asia-pacific. tom: thank you very much indeed. that sets up nicely for a continued conversation and a deeper dive into the tech story with earnings coming through from microsoft and alphabet. both companies falling in late trading as earnings failed to satisfy investors despite both companies making a point of highlighting progress on ai. let's get the analysis and bring in robert lee, senior analyst at bloomberg intelligence. why the disappointment on these earnings that seem to be relatively decent? robert: i think what you said earlier in your intro -- when you are in a situation where stocks are arguably close to perfection, any disappointment is going to have a knock on effect. i think that is what you've seen with microsoft because the numbers were in mind and microsoft is a diversified business with strong position in the consumer and corporate sector but the games business as well. i do not think there is anything t

we're talking taiwan, sk hynix, samsung, lg, and hon hai. joining us now, alex.appy new year, great to see you. >> happy new year, great to see you too. >> some people attributed it to profit-taking. apple up about 50% last year. others to longer term concerns about their hardware business. what camp do you fall in? >> i think there's definitely profit-taking here. you can't take that out of the picture. but i think the barclays note pointed at something that a lot of people are worried about. that's iphone sales growth is going to slow down. for apple, they're the iphone company. everything is all in on the iphone. if you see slowness there, you have to ask do they have enough to make up for it. if you don't have the iphone, what are you doing? i think that's the real question to the company right now. >> so are you worried about a slowdown in growth for the iphone just because of it plateauing? so many people have iphones. or is china one of the reasons that you're concerned? >> i would say the biggest issue here is the upgrade cycle. people have the iphone 15

some divergence in the fortune of large chipmakers like tsmc and memory chipmakers like samsung, sk hynix and micron. kriti: what kind of precedent does it set for 2024? people look at the forecast out of samsung or tsmc because they are such a big player in the market and have enormous supply chains and reach through the rest of the world. it is used as a global bellwether. can we get any indication of what this year might look like? >> we have been hearing from the likes of micron, also tsmc indicated that might have passed. prolonged economic uncertainties in china and fed policy will weigh on consumer demand, also on the global industry outlook in 2024. tsmc will hold its fourth-quarter earnings call next week. we will get a better idea when tsmc provides their spending for 2024. kriti: something we will watch closely, especially when it talks about where tsmc has been nestled within the geopolitics. debbie wu, we thank you for walking us through that crucial story. another top one we are watching. the securities exchange commission in the united states says it's account on social med

for instance, we had the results from sk hynix indicating this revenue they were generating from their ai potential. brooke: we like nvidia. i know they surged and there were one of the best performing companies in the s&p 500 last year. they are still our top experiment we have a large dedication to nvidia inova growth portfolio we think they are a dominant player and have quite a bit of an advantage when it comes to ai chips. they are our top picks that space. paul: one of the features of this rally so far has been quite narrow, confined to a lot of big tech names in the ai space and we have seen small caps really underperforming. you see this rally broadening out, or are there any names in the small-cap space that you would consider? brooke: right now we think we have to be careful when you look at small caps. they had an amazing rebound off of the october lows but they have given some of that back in the last few weeks. small caps we think it'll be hit and miss in the near term. if you look at the russell 2000 and small-cap companies, 30% of their debt is that variable rates. s&p 5

sk hynix, the world's second-largest memory chipmaker coming in with surprising profit, versus expectations of a loss. if you look at its price on the stock action, this is perhaps because of the higher capital expenditure expected, this could eat into profits. suppliers are rallying today though. tom: great market roundup. avril hong thank you indeed. let's get to the tesla story. shares slumping in late trade after fourth-quarter earnings fell short, the ev maker warned of weaker sales growth this year, during his earnings call the ceo elon musk tried to sooth investor concerns about slowing demand teasing a new low-cost car. >> there's lots of opportunity in 2024. tesla is currently between two major growth waves. we are making sure our next growth wave driven by nexgen vehicles is executed as well as possible. tom: let's bring in bloomberg transport reporter daintily for the analysis. what were the takeaways from what we heard from elon musk? >> for tesla, not offering 2024 guidance. that is really summarizing the kind of warning of a notably slower year of growth in sales. investors ha

you have sk hynix, the big one out of the asia-pacific. we will also be watching for earnings out of asml. south korea, perhaps renewed optimism within this global chip cycle. we are looking at battery and lithium stocks at the chinese mainland. big news on the weekend where the u.s. will start, will ban the pentagon from buying batteries produced by chinese makers from october 27 on. we will be talking about that very topic with both our securities and they are forecasting a weaker demand in china. we will get their views later on. yvonne: first we will hear from the european commission vice president on why he thinks geopolitical tensions pose fresh risks to global trade. this is bloomberg. ♪ >> misinformation and election interference is going to be a real challenge that we all have to tackle. >> we are talking too much about donald trump in europe. we should prepare ourselves for a possible second term for donald trump. by first doing our european competitiveness. >> the best defense is attack and to attack properly you need to be stro

samsung in positive territory, up 0.1%, sk hynix and tsmc also in positive territory.eaker than expected outlook from chipmaker intel, as shares plunge in extended u.s. trading. su keenan joins from new york. growing doubts now about intel's long promised turnaround. >> when you consider that disappointing outlook includes a double-digit decline in its core data center business. and also fails to live up to both the ai height and that turnaround expectations. intel's ceo told analysts that the company has about a $2 billion pipeline for a ship that suspected to compete with nvidia but no timeline given on that. you are looking at what intel's that is the first quarter adjusted revenue excitation, 12 point two to 13.2 billion, compared to what was expected. they see adjusted eps of $.13, versus an expectation of $.34. that's a big mess. intel's extended drop took peers down with it and is expect it to weigh heavily on tech in early u.s. trading. during the conference call, the ceo acknowledge that the first quarter not going as well as had been expected. he said the res