Daily Brief Thematic (Sector/Industry): Ohayo Japan | Chip Stocks Chopped and more

• The Nasdaq Composite plunged over 2.7%, its worst decline since December 2022, as tech stocks faced pressure from potential US export curbs on China and Trump’s comments on Taiwan
• A Boston Consulting Group study found that only 16% of Japanese employees and 31% of managers use generative AI at work, the lowest among major countries.
• Hong Kong-based activist acquired a 5.09% stake in FANCL and aims to provide management advice amidst Kirin takeover

• Baidu announced that the company has seen a rapid uptake in its Robotaxi business on the mainland.
• Baidu is at the forefront of the industry globally with its Fully Self Driving taxis available in more than 10 major cities in China.
• Baidu’s autonomous taxi unit, Apollo Go, has over 100 million kilometers of high-level autonomous safety driving mileage and holds over 5,000 autonomous driving patents.

• Discussion about the potential for Chinese companies to use shell corporations to rent GPUs from American companies
• Mention of a blog post by Sequoia and a report from Goldman Sachs on the challenges of monetizing AI infrastructure
• Skepticism about the return on investment in AI due to lack of clear revenue sources and consumer use cases, particularly with companies like Microsoft and Amazon investing billions in AI projects.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• The popularity of <DnF Mobile> and <Arena Breakout> continues to rise. As a result, we are increasing the gross billings estimation for these games by 10% and 15% respectively.
• <Need For Speed Mobile> had an impressive first day, topping the iOS download charts and ranking  15th on the grossing chart. We are raising the expected gross billings by 25%.
• Due to the game’s lifecycle, <Eggy Party> has experienced a slight decline in revenue. Therefore, we are adjusting the forecast down by 10%. Conversely, <Identity V> continues to perform strongly.