DeepSeek Shines Spotlight on ByteDance Suppliers -- Market Talk

Dow Jones02-11

0653 GMT - The buzz around AI firm DeepSeek is shining the spotlight on companies tied to tech giant ByteDance, Daiwa analysts write in a note. DeepSeek's arrival has fueled sentiment around AI, spilling over into companies that do business with ByteDance, which has its own AI chatbot. That's brought some of the company's major listed suppliers like Accelink Technologies, a maker of optical components and photo-electronic devices, onto investors' radar, the analysts say. GigaDevice Semiconductor, a memory chip provider, is reaping the benefits, as are ByteDance suppliers Shenzhen Woer and Broadex, which respectively specialize in power cables & shrinkable tubes, and electronic components, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

February 11, 2025 01:55 ET (06:55 GMT)

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