TSMC swats away rumors that Jensen Huang visited to pressure company into revenue-sharing plan with Trump administration
As someone who enjoys an occasional piece of Korean fried chicken, I’d explain it to the uninitiated as a more crunchy than usual fried chicken style, with an intense spicy kick, sticky, sweet and sour tastes, and umami sauciness. The nearest Western-known sauces that may contribute to the signature flavor (but not the spice) would be Worcestershire sauce and/or OK sauce.
While Kkanbu Chicken isn’t publicly traded, peers like Kyochon F&B surged on the stock market by up to 20% in the day’s trading. Jensanity is infectious, and Bloomberg noted that related industry players like Cherrybro Co., a poultry processor, saw shares climb up to the daily limit of 30%. Another beneficiary of the viral fast food meeting was Neuromeka, a chicken-frying robot maker.
It is noted that Korean investors are characteristically easily influenced by risky trades, chasing short-term gains on the back of cultural, political, and meme-worthy events. Bloomberg cites U.S. President Donald Trump’s recent visit to South Korea, where he praised the host’s pen, sparking local pen maker MonAmi Co’s share to surge, as evidence of this phenomenon.
Huang was in South Korea to attend the APEC CEO Summit. During the important industry event, the Nvidia CEO unveiled new contracts to supply AI chips to major South Korean companies, says Bloomberg. He will have also been in the country to solidify agreements with AI and semiconductor players to counter the unpredictable China sanctions situation.
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Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/korean-fried-chicken-stocks-surge-30-percent-as-nvidia-ceo-jensen-huang-dines-out-on-local-delicacy-entire-industry-buoyed-by-secret-ingredient-jensanity#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.