华硕称AI服务器需求强劲并上调全年增长目标，但核心信息已在财报与盘中股价中反映

【实时直播转录 · Bloomberg TV+】
来源:Bloomberg TV+(bloomberg 直播间 btv_us) · 标题:Bloomberg TV+
时段:2026-08-13 11:30–12:00(Asia/Shanghai),共 210 段
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[11:30] 7even and a half% as well, Samsung electroniclectronics gaining also if we take a look at the CSI 300, that's better by half of1%.
[11:30] So one stock that's a bit softer, though 10 cent in Hong Kong down by 3.6% after its results now we're also keeping an eye.
[11:30] Asus shares after record quarterly results helped by strong demand for AI servers, premium PCs, and gaming products.
[11:30] Second quarter revenue rose 39% from a year earlier, while operating profit more than tripled, A source also doubled AI service sales.
[11:30] And raised its 2026 c growth target, signaling confidence in continued AI infrastructure spending and we can see there the market.
[11:30] Responding very warmly to all of this news Asos tech computer up by almost 10% in Taiwan at the moment.
[11:30] We're joined exclusively by SYUU Co CEO at a source SY, thank you so much for your time today.
[11:31] So a big jump in profit there, can you sustain these sorts of gains in the coming quarters?
[11:31] Hello Paul, thank you for having me here today, actually, I think in Nor reason of you.😊
[11:31] We've got very good performance in the airI server business, actually in the Q2 our grocery is around.😊
[11:31] 200% And the Q OQ is about 58%. And original, our target.
[11:31] For the whole year, for the AI server business, our target is to growth around 50% to 00% right.
[11:31] Now I have high confidence we can achieve about 150%, and the reason is brown only.
[11:31] Information I have, our AI server other visibility is quite good.
[11:31] Until end of this year or even the first half next year, because I think right now the.
[11:32] S demand is so strong, it's because I think on most people, they will agree that generative AI technology.
[11:32] We help them to improve their productivity and foresee in the future, they still have a.
[11:32] Very big application, like the genetic AI or the physical AI, because traditional most people.
[11:32] People use the chat interface to use the large language model. But if you are using the genetic.
[11:32] AIThe token requirement will go up to5 or 30 times. So I think recently the.
[11:32] Yeah AI is a really hard topic. So I think the token demand will become so strong in the future, and also.
[11:32] We foresee the large language model will extend their usage from the cyberspace.
[11:33] To the physical world, so the physical AI device will become so strong in the future.
[11:33] AI device, I think they also need a lot of AI computing power. So for C, I think the AI infrastructure.
[11:33] tureDe will be very strong. Actually, Im quite optimistic about this.
[11:33] Well you certainly have no problems on the demand side, but are you having trouble keeping up with that demand can you talk to us about?
[11:33] Um what your supply chain is like and how your pipeline is looking Yes, actually yeah.
[11:33] I think right now there are some issue about the component shortage. I think maybe this is the potential issue.
[11:33] ForOur business growth, especially the memory. I think right now, everybody knows the memory.
[11:33] Is in very serious shortage. Of course, the major reason is because the AI server demand is so strong.
[11:34] Most the memory supplier, they are moving their capacity to focus on the HDN so both the PC.
[11:34] Dan and the server D is become in very serious shortage. but actually, I think Asus are also.
[11:34] Take a lot of action to response on this issue. So we already saw.
[11:34] As much as possible we can to get the device from different vendor and even from the module supplier.
[11:34] So all those memory we get, we will pass its internal qualification test.
[11:34] We like to provide the high quality product to our customer. And beside, we try to get more memory, we also do.
[11:34] A lot of different things, for example, stuff from last year, second half, we already.
[11:35] To do the strategic procurement to enlarge our inventory, and also we discuss with.
[11:35] Our memory supplier, we signed the MOU or even the multi year MOU with them.
[11:35] To make sure issues can get enough supply and also we have our internal I&D team we also discuss with our.
[11:35] Customer,So we can adjust some product con. So all those effort, we try to minimize those.
[11:35] Impact to our business So considering the efforts you're making to address those shortages, How long do you see the shortages?
[11:35] Lasting, actually, I think it will.
[11:35] Last until end of the 28, because right now, a lot of firm.
[11:35] Only supplier, they already start to enlarge their capacity, but they need to have the construction for their factory and also.
[11:36] They need to get the equipment, and then they move in those equipment and they can start to do the power wrong.
[11:36] So consider for those timeline. So I think the more reasonable is in end of.
[11:36] At the 28, they can enlarge their capacity and output I.
[11:36] Yeah, well in this environment of shortages, I understand that you are using a.
[11:36] CxMt memory chips as well can you give us a sense of the proportion of the shipments and is there any risk there considering the?
[11:36] concerns around security and other restrictions.
[11:36] We don't discuss or naming any single individual commercial partners.
[11:37] But as a responsible supplier, I will try our best to get as much as the we can get.
[11:37] From different vendor include the China, Korean US, and also we try to get.
[11:37] I'm apart from the module supplier, so we will do our best to minimize the impact.
[11:37] And also considering about some regulation, actually, we will meet.
[11:37] The customer requirement or the country's regulation. So also depend on the customer.
[11:37] We will provide the product fit they require now just before we let you go.
[11:37] Away from the AI story, the commercial PC sales were also up for six straight quarters, I understand.
[11:37] Overall, PC market outlook for the coming quarters actually.
[11:38] Our commercial PC growth is also quite good. And for the past.😊
[11:38] Next quarter, we continue to grow over 50% of the yy. So actually, this performance is.😊
[11:38] Very good. And even the total PC market temp is dropped. But I think issues government is quite good.
[11:38] In the king too, our shipment is keep 20% worldwide wide growth, and Asus is the.
[11:38] Top five Windows is company, only one still keep positive growth.
[11:38] I think this is a very good performance, but I think for the total market temp for the PC.
[11:38] Well see that this year will drop about around 10%. But for the first half, because a lot of customers.
[11:39] They are pooling because they know the memory price we getting higher. So in the first quarter, actually the total.
[11:39] SoH shipment, compared to less year, is almost the same. So all the rock were coming in the Q2 and Q3.
[11:39] So for the Q2 and the Q3 point of view, the sharp will be around 20%.
[11:39] All right, thank you so much for your time today that is SYU Co CEO at As source NHS share.
[11:39] Right now, limit up 10 percent in Taiwan, let's take a look at Indian markets just ahead of the open we.
[11:39] Of course, I have the news earlier, well yesterday, in fact, that the Tta chair is stepping down, he's resigning Natarurajan Chandra.
[11:39] Secret Un, so we'll be keeping a high on the group's performance today, but the Sandss are currently pushing a little bit higher at the moment there.
[11:39] The Tar complex at the moment are all unchanged, apart from Tar motortors showing some modest gains there, we also had CPI on.
[11:40] From India yesterday as well, rising 4.45%, so still inside the target ban, meaning the RI is likely to remain on hold.
[11:40] 🎼Sometime still to come Treasury wine bedding his future on premium products after what's been a bruising year will speak.
[11:40] 🎼Inclusively with CEO Sam Fisher next about whether wine drinkers are buying into their fission, this is Bloomberg.
[11:41] Today's CFOs are reshaping the C suite.
[11:41] Bloomberg's chief future officer shines a spotlight on these dynamic leaders what's the skill set that you would advise every aspiring CFfoO?
[11:41] I think I know skills are important obviously you need to like that numbers if you don't like numbers, then don't go into finance.
[11:41] It is sort of like a recipe for disasters, you, like numbers, not only for the CFO, but also the company's management.
[11:41] The communication and the collaboration I spent a lot of time figuring out how to take the complex and make it.
[11:41] And then finding a way to be able to communicate that both internally and externally, I think it's relationships, whether it's working with investors.
[11:41] Bankers with the senior management team with the board, having your head down is one thing as a finance person, but keeping your ears open is super important.
[11:42] And I think that all of that is what kind of builds out being a successful CFO chief future officer.
[11:42] 🎼Every week Blo put the spotlight on a different aspect of global finance flows funds and the forces shaping markets.
[11:42] ETF IQ the future of Mo with Bloomberg crypto, the players behind major transactions on Bloomberg deals.
[11:42] Risk and the cost of capital on Bloomberg Ra Y and personal F retirement and wealth Management on Bloomberg money.
[11:42] 🎼topic every weekday only on bloomloer television.
[11:42] 🎼morning, this is. We back to the opening trade. Itsberg money. This is the Asia trade. This is Wall Street read We to balance.😊
[11:42] 🎼you're watchingberg deal welcome to Bloberg this weekend. this is Bloberg television is integrated into.😊
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[11:43] 🎼shape global techI'm Tom McKzie in London Watch Bloomberg Tech.😊
[11:43] 🎼New episodeode Friday only on Bloomberg television.
[11:43] 🎼Welcome back here watching Insights, Bloomberg has learned that Josh Kushner and Bob Ager are buying the Los Angeles Lakers.
[11:43] for a record breaking price $12 and a half billion the pair had been looking to acquire an mba expansion team in.
[11:43] But pivoted to make an offer to buy the Lakers from Mark Walter, whose investment empire is under federal investigation.
[11:44] Bloombergs at Bellaz Penence and Belaz, I want to start with the question I always ask when I hear that somebody's buying a sports team for billions of dollars.
[11:44] Why, well, sports teams have been very lucrative businesses the NBA.
[11:44] Is booming and franchise values have been skyrocketing. We've seen record deal after record deal. The Lakers themselves were just.
[11:44] Sold to Mark Walter a year ago for a then record, $10 billion, so this is on top of that, if you will.
[11:44] A tidy profit in just a year for Mark Walter, Walter on this team, and we have also seen a lot of private credit and private.
[11:44] Investors looking into buying stakes in sports franchises, the financialization of sports has been underway for a while.
[11:44] While so big four US franchises, big English Premiership clubs have been going for very, very large sums of money this f.
[11:45] Fits into that. Now, of course, this is a record. And part of the reason for that is that the Lakers as a brand has been one of the most.
[11:45] brands in all of sport. It's a marque franchise of the NBA, one of the most successful franchises, a big, big market in.😊
[11:45] So there's every reason to think that this is going to be a very profitable investment Well Walterters and TWg.
[11:45] Group selling, why are they selling it sounds like they've got a few debts to deal with.
[11:45] RightTWg has been under scrutiny for a while now with some issues relating to some.
[11:45] Ailiated Rome some of the private credit links that these insurers have. And what we hear is that.
[11:45] Some of the proceeds from this sale of the $12 and a5 billion dollars will go toward addressing some of those concerned lower.
[11:45] Some of that exposure that these companies have right now, we also have separate reporting to show that.
[11:46] WG has been approaching potential investors, potential funding sources to raise more money.
[11:46] Of conversations underway different ways to pull more money into these businesses to kind of address some of those concerns.
[11:46] Some of that has to do with disclosure, some of that has to do with some of the leverage that these insurers have.
[11:46] But certainly it looks like there's a major effort underway to raise more funds for TWG.
[11:46] news Treasury wine shares have gained in Sydney right now4 and3.
[11:46] And after it reported a 36% decline in full year earnings with investors seizing on signs of growth in the critical China market.
[11:46] Earlier this week, the company also announced a nearly $400 million post tax write down to tackle supply chain problems in its US market.
[11:47] Joining us exclusively now is Treasury Wina State CEO Sam Fisher, Samm, thank you so much for your time on what's a very busy day.
[11:47] Of course, you know you had some downgrades in your earnings today but the market was expecting all of this, can you talk to us about why we saw such a decline?
[11:47] And you feel like things are finally stabilizing Yeah, hi, Paul, very nice to be.
[11:47] , we've had lots going on in the market we've clearly worked hard on trying to build momentum in our brands, that's the first thing that I'm really pleased about.
[11:47] In relation to this announcement, when we look at the US and we've seen depletion momentum build behind our key brands there.
[11:47] ing and I've talked a lot about pen folds and the role Pen folds playing for us in the portfolio and again, lots and lots of good news in relation to do.
[11:47] Some of the things that have impacted the changes are some structural challenges we've had in the business, particularly in relation to our supply chain.
[11:47] In the US and I've talked about right sizing supply to our demand signal and that structural imbalance has caused.
[11:48] Some of the write downs that we reported on Monday and today we've also had some inventory challenges in China, we've had some parallel challenges.
[11:48] In China, and I guess we've taken really strong action to sort of bring all of those back into what we would see equilibrium and.
[11:48] A to right size those parallel imports so that our route to market in China plays a key role in brand building So all of those things have had.
[11:48] I have contributed to some of the numbers that we've shared today, but actually the underlying performance of the business is really.
[11:48] Yeah, can you tell us a little bit more about those parallel imports, that gray market for your products going into China, you have been cracked?
[11:48] down on it as you say, is it mission complete yet or is there more work to be done here?
[11:48] Now this is an industry in itself, lots and lots of categories impacted by it, I would say that we've taken strong.
[11:49] Action and we've been really pleased by the response that we've had in the market, I think we have to be vigilant in trying to understand whether or not.
[11:49] Any more open up and if they do again, we will take that definitive action, but so far you a really pleasing response we've seen.
[11:49] Price stabilization in some instances, our pricing has actually got back to target levels and know I did announce.
[11:49] Today that we've seen a few other areas of concern and again, we've taken strong action there to support our route to market.
[11:49] China and our ambition for the Penn Fos brand in that critical market.
[11:49] The issue has been oversupply in the U., which you touched on briefly, but I mean, this is linked to a broader problem well.
[11:49] Some people might not call it a problem, but alcohol consumption is falling globally, do you have a sense of being besieged by this problem at all?
[11:49] How do you navigate a difficulty like that where appetite for your product is starting to diminish?
[11:50] I think that lots of reasons why the categories has experienced some challenge, some of those are economic.
[11:50] Do with the consumers, some of those structural, I still have huge optimism for the potential of the category.
[11:50] In particular, the brands that we have in the category, we see lots of positive trends around premiumisation, and we're well positioned for those.
[11:50] Friends again, moderation in some instances and our innovation agenda has supported moderation options.
[11:50] I think we do have to take actions where we see an imbalance and clearly that's what we've done in the US and that's impacted our short term.
[11:50] Performance but as again, I've talked about the momentum that we've got in our core brands, led by Frank family Dow Stagsley.
[11:50] And I'm incredibly optimistic about the brand building and execution work that we've done and the momentum that we're building.
[11:51] We need to take corrective action, we're doing it, but actually long term, I feel really optimistic.
[11:51] Is that where the action is in this market now towards the high end and what are you going to do at the lower end of the market?
[11:51] As well with the price pointers lower, I think we've talked about luxury red wine, and that's been a strong hold.
[11:51] For us with the brands, I'm now really excited about the potential of luxury white wine and led by penfolds and Frank.
[11:51] milyAnd some of the brands that we have in our portfolio, so lots of opportunity for premiumization.
[11:51] For those people looking to savor the quality offers that we have, know, I also feel good about some of the.
[11:51] Ler styles that we've developed and mature in the US is one of them, it's a lower alcohol.
[11:51] Content it's growing high double digits, and again, that's us playing into a consumer trend that we think got lots and lots of.
[11:52] Opunity you know, when we look at lighter styles and refreshment, again, lots that we have in the portfolio that play into different parts.
[11:52] Of the category that show significant potential on the commercial side of the wine, you know, we have had some.
[11:52] More challenges and we're managing those, and we understand the role that they play in our portfolio from a supply perspective and from a customer perspective.
[11:52] But we certainly see in some of the areas that I mentioned previously lots more opportunity and we're really well positioned to capitalize on.
[11:52] We've seen zero alcohol beer offerings performing quite well, zero alcohol wine a segment.
[11:52] You could see potentially growing into the future Yeah, we have actually up in our Barrosa Valley facility.
[11:52] Developed quite unique technology for the production of zero alcohol wines. We've got quite a few parts of the port.
[11:53] lier that have a zero alcohol offering and we see significant potential in all of them, so yeah as moderation trends.
[11:53] We will continue to develop offering in the portfolio from zero alcohol to lighter styles that we.
[11:53] Have've got huge potential and you can expect to see more of that as we go forward.
[11:53] The difficulty perhaps on the horizon as well, one that we'll all feel there was a super Al Nino event brewing, which is never particularly good for grape Y.
[11:53] How are you planning to mitigate against this' quite developed?
[11:53] Water management procedures across all of our vineyards pool, I think it's one of the real areas of strength within Treasury and our supply chain.
[11:53] We've been looking at weather patterns and our sustainability agenda, I would say, is world class, so we understand some of these.😡
[11:53] Whether patterns we're planning for them, we understand how to manage all of our inputs to get maximum yields without.
[11:54] So I feel confident in everything our supply chain does to manage all of the different weather patterns globally.
[11:54] Now, I know you mentioned earlier you're expecting inventory rebalancing to continue, perhaps be done by the end of 2020.
[11:54] After these steps are taken, what else do you have in your strategy to turn things around?
[11:54] Treasury wine I think you know all the work that I've talked about in relation.
[11:54] To execution that brand focus, the increase in investment that we're putting behind our brands to capitalizing on all of the trends we.
[11:54] In the market and we've talked into many of them, whether it's premiumization or lighter styles or moderation of.
[11:54] areas are opportunities for us, and we're aligning all of the plans we have in the business behind them so that as we execute them, we tap into.
[11:55] Parts of the markets that have the most opportunities. So yeah, I mean, I think there's significant opportunity for us we're well placed to capital.
[11:55] On them. And I think they underpin the growth ambition that we have for the business All right Treasur.
[11:55] Sam Fisher, thank you so much for your time today as earnings has been announced and treasury winds up about 4% here in Australia.
[11:55] At the moment and let's take a quick look at how markets are tracking right now, Australia's home to one of the markets that's losing ground at the moment, we're often about about half of1%.
[11:55] But elsewhere very much a risk on day, MSCI Asia Pacific better by it 1%, the Hansing index kind of flat, so weve got 10 cent weighing on.
[11:55] A little bit as well after its earnings announcement, the Nikke, though higher and the cost be once again, better by 4.3%.
[11:55] Nowging towards a bull market all right before we go, let's take a quick look at tomorrow's show Santa San Gpta of Goldman Sachs is going to join.
[11:55] 🎼As for our weekly India Fo segment, we'll be talking about his report on the impact of generative AI on jobs and productivity in India.
[11:56] 🎼Later on today, stay tuned for the latest episode of Bloomberg's emergingging podcast series, Menka Dohi explores one of the biggest challenges facing development.
[11:56] 🎼Econom finding enough power to fuel growth that's coming up on YouTube, Apple podcast and Spotify this is Bloomberg.
[11:57] Do you mind being called an ideological lunatic or a bunch of left wing nut jobs you know, I've been called worse things than that.
[11:57] You think she owned the place?
[11:57] 23 and me I think is so incredibly valuable, we're coming back kind of.
[11:57] when you're hot on the trail of something, you know that it's very exciting What magazines were you reading as a kid don' was reading?
[11:57] Magazines until I was in them you are on the cover of all of these Oh and there's many, many more but we don't have time.
[11:58] I don't think anybody should trust any company or entity completely with any of this It.
[11:58] is this force that is far are want to businesses.
[11:58] The shock will never wear off so your brother and sister running one of the most powerful companies in the world.
[11:58] whos way I could see A being or.
[11:58] I if something really went wrong and if something really went wrong then maybe it deserves to be so is it paradise ahead or Gatica?
[11:58] Maybe somewhere in the middle.
[11:58] When news breaks in comes the car into Downing street, Bomberg has you covered.
[11:59] Bham for all the context and clarity you need a.
[11:59] 🎼in case you missed it onberg deals, we're invested in another restaurant, so we're in Sha Shack.
[11:59] How significant is your position we're economically one of the larger shareholders, maybe the largest active shareholder its several hundred million.
[11:59] 🎼You knowWe're really excited. And when you look at the quality of this business, how great a business it is, how much it's growing, how many new stores can.
[11:59] OIt's just too cheap at shakeke Shack are there operational changes that you think that they should be making and that you would push to make?
[11:59] I think there are massive operational changes, so if you can have among the best returns on a new restaurant build, it makes it easier to justify.
[11:59] By building more and more restaurants, whether you do it yourself or you have a franchisee do it, So the opportunity here isn't so much.