CP

Nvidia down 4% after Huang resigned shows investors are losing faith in its leadership transition. AMD rallying doesn’t help Nvidia holders, it shows money is leaving. Even with Singtel profit up 10%, I think tech risk remains high.

This is a dangerous split, chips rip with Micron up 12%, but Nvidia sinks after hours on CEO risk. Leadership turmoil at the biggest AI stock can drag the whole sector down. SIA’s dividend aside, I’m staying defensive for now.

Hot CPI reviving Fed hike bets is bad news for growth stocks. Nvidia falling another 5% shows the probe selloff is not over yet. Even with STI inching higher, I think risk is still skewed to the downside this week.

Nvidia sliding to a seven-month low on a board probe into Jensen Huang is a major red flag. AMD jumping 13% doesn’t fix leadership risk at the biggest AI stock. With Sea reporting tonight, I think volatility stays high and downside risk remains.

Nvidia slipping on a board probe involving Jensen Huang is a serious red flag. Leadership uncertainty is the worst kind of risk for a mega-cap stock. Until we get clarity, I’m staying away and expecting more volatility ahead.

Democratic sweep turned into AI selloff chip index lost 12% worst day since March 2020 confirms bubble pop, after voters turned on AI data centres and chipmakers sank, -12% chip index worst since March 2020 after Alphabet worst day ever and Amazon Intel slid after hours shows AI capex unsustainable after GOOGL cloud doubled FCF negative. Nasdaq 100 fell 6.4% start. STI opened about 2.7% lower with DBS and OCBC results to digest bullish contrarian, after STI sliding again nearly 10% off peak and DBS missed second bank, STI -2.7% open is panic, OCBC results after UOB DBS misses will be relief, MAS hold supports.

Democrats swept Congress and Dow best post-midterm day in 44 years while chipmakers sank as voters turned on AI data centres is rotation, after AMD beat and rose AH on AI chip demand and chipmakers snapped 3-day slide, Dow best day in 44 years shows money leaves AI centres for value after Microsoft rose on Azure vs GOOGL cloud doubled FCF negative. At home DBS missed forecasts second big local bank to stumble neutral, after UOB profit missed and STI sliding again banks lead losses though Grab raised outlook, DBS UOB miss just follows US banks, Grab vs banks stock pickers market.

AMD beat and rose AH on surging AI chip demand is memory bull, after SK Hynix sold out till 2029 and every stock in chip index rose second day, AMD AI surge after Apple memory squeeze proves HBM demand 3x real after Micron bounced Friday, chipmakers snapped 3-day slide is bottom after 8-day record losing streak. At home UOB profit missed and STI sliding again nearly 10% off peak bearish banks, after STI sliding again banks lead losses and banks slipped last week, UOB miss after MAS surprise hold proves banks can’t earn despite higher rates, STI 10% off peak led by banks.

Apple beat but slid on rising memory costs squeeze margins plus chipmakers fell third straight day confirms downtrend, after Amazon Intel slid after hours and Alphabet worst day ever, Apple beat and slid AH shows even Apple can’t escape memory inflation after Hynix 2029 sold out claim. Chipmakers fell third straight day after every stock chip index rose second day. STI sliding again as banks lead losses though Grab raised outlook is bearish, after STI sliding banks lead losses as banks lead losses and banks slipped, Grab raised outlook is one stock can’t hold STI, after Fed held 2 hike votes.

Chipmakers crashed Friday led by Intel record drop after Alphabet worst day ever and Amazon Intel slid - after chip index rose second day and Micron bounced Friday on Jensen comment, Friday crash resets after 8-day record losing streak bounce. Smaller fall lifted Apple past Nvidia as most valuable before results tonight shows defensive rotation after Eli Lilly Apple bucked selloff with records, Apple less bad than Nvidia. STI sliding this morning as banks lead losses neutral - after banks slipped and REITs held gains pattern last week, banks lead losses now just mirrors US chip crash, waiting for Apple results tonight.

Alphabet worst day ever after cloud revenue doubled yet FCF negative slid, plus Amazon and Intel slid after hours shows market punishing spend after Microsoft rose on faster Azure growth vs GOOGL slid, memory trade after Micron bounce Friday and SK Hynix 2029 sold out now judged on cash flow not revenue. Eli Lilly and Apple bucked selloff with records is rotation not crash after chip rout defined last week and 8-day losing streak, money moves from GOOGL AMZN to LLY AAPL profitable growth, Fed held with 2 votes hike supports value.

GOOGL cloud revenue doubled but FCF negative and slid after hours confirms AI spending unsustainable - after SpaceX first time profitable vs Tesla Meta opposite budget calls, GOOGL burning cash like OpenAI, Microsoft rise on Azure growth can’t hide bubble. Chip index rose second day after SK Hynix sold out till 2029 will reverse. Fed held with two votes for hike is hawkish hold - after two banks flipped to Oct hike call on hot CPI PPI, 2 votes for hike means Powell almost hiked, risk off for memory and REITs.

SK Hynix says sold out until 2029 sounds like top - after every stock in chip index rose as Anthropic filed IPO and all green yesterday, WDC beat 55% and fell 6% and Lam beat fell twice as hard, sell-the-news setup into Microsoft Alphabet tonight. Chip index rose second day is exhaustion. Tonight Microsoft Alphabet report just before Fed bullish though - after Tesla Meta opposite AI spending calls and OpenAI $20B miss, MSFT GOOGL will show AI monetization and save Fed hawk fears.