Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares in Minimax, one of the listed LLM players in the video space, are up as much as 5% on strong demand for AI short videos in China.
- Nvidia Corp.’s $3.5 billion outlay in MediaTek Inc., its largest direct investment outside the US, has thrust a little-known Taiwanese chip designer into the center of the global AI infrastructure boom.Taipei-listed MediaTek gained 10% or $20 billion of market value Tuesday after Nvidia agreed to buy bonds convertible into MediaTek shares.
- Shein Global Holdings Ltd. struggled in its Hong Kong debut after a years-long process to an initial public offering that eventually valued the company at a fraction of what it was once worth and still left investors questioning its value as consumer play.