Kioxia Jumps, Z.AI Surges, Hainan Jinpan Falls
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kioxia shares rise as much as 5.8% after reports that it plans to build a new chipmaking plant in northern Japan, as chipmaker Nvidia identified memory hardware shortages as a key issue in their earnings report.
- Z.AI shares jumped as much as 8.6% after the Chinese AI company confirmed it’s responsible for the Ox Alpha AI model that swept to the top of online usage charts this weekend.
- Hainan Jinpan shares tumble alongside other Chinese energy stocks after President Donald Trump moved to restrict some foreign-made transformers and other critical energy equipment from US grids on national security grounds.
See omnystudio.com/listener for privacy information.
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