Fantastic

Alphabet dropped as much as 5% intraday and briefly shed close to 190 billion off a 4.61 trillion company because Jeff Dean left after 27 years to co found Discovery Loop, with Alphabet as a founding investor of all things. Hassabis moved up to Alphabet chief scientist. what actually stung is the timing, the flagship Gemini model is still not out months past its June plan. losing the infrastructure guy while the model is late is an execution question, not a reorg question 👀

alphabet +4.9% monday and now oracle is putting gemini across OCI and fusion apps, sitting on the same model menu as openai meta and xai. the company everyone wrote off in the AI race is quietly being resold by its own competitors 👀

SK hynix dropped 15% in one seoul session over the HBM4 slip to Q3. is this the first real crack in the memory trade or just a shakeout before earnings on the 29th? honestly cant tell anymore

while US chips bled double digits, $Dominion Energy(D.US)05.SG$ held above S$70 and the SG banks stayed near records. this is the whole reason i keep my core local, DBS doesn't swing 13% on one capex line from a Taiwanese foundry. STI dipped a bit on the chip spillover but the banks are doing the heavy lifting. held since the low 60s, crossed 70 this month, not selling into strength. steady compounding.

while global chips whipsawed, $Dominion Energy(D.US)05.SG$ set a bold target: over S$1 trillion in wealth AUM by 2030, up from ~S$492B now, hiring 600 advisers and engineers. that's a direct bet on Asian money flowing into Singapore, and it's the kind of quiet structural growth i hold banks for. STI near records, DBS at the heart of it. held since the low 60s, not selling into strength.

SG Q2 GDP came in at 5.7% with manufacturing up 12.2%, the AI chip cycle is literally showing up in the national numbers now. STI hit a record 5,493, eighth straight green session, and $Dominion Energy(D.US)05.SG$ is right at the heart of it. this is why i hold the local story, the same AI wave lifting US chips is quietly lifting SG through manufacturing and banks. holding DBS since the low 60s, not selling.

$Bank of America(BAC.US) and the big banks up Tuesday. tape's at record highs so a lot of good news is priced in already, a beat that just meets the bar may not cut it. watching loan growth and credit provisions more than headline EPS.

$Meta Platforms(META.US) still climbing, near 669, on the self-designed AI chip going into production in September with Broadcom and TSMC. the market finally rewarding the capex instead of fearing it. i hold it for the long-term AI optionality and the ad business funding all of it. not adding at the highs into CPI week, but the self-chip story is a real long-term margin lever.

while US tech had a meltdown week, $Dominion Energy(D.US)05.SG$ and the other two local banks all printed fresh record highs. STI holding near 5,340. this is the boring-is-beautiful thesis working exactly as designed. i've held DBS since the low 60s and i'm not selling a lot. the next leg is S-REITs at 0.9x book and 6.2% yield if rates finally ease, watching that closely.

while US chips got wrecked, STI closed at a fresh record 5,342 and $Dominion Energy(D.US)05.SG$ is right at the heart of it. this is the whole "boring is beautiful" thesis paying off, banks and REITs doing quiet defensive compounding while the AI trade wobbles. i've held DBS since the low 60s for exactly days like today. not selling a single lot, this is my ballast.

if you hold $Invesco QQQ Trust (QQQ.US)$ you woke up today with a SpaceX position whether you wanted one or not. QQQ has to buy about $4.3 billion of SPCX today, it does not have a choice. that is the single biggest single-day forced rebalancing event QQQ has had in years. UGC discussion around QQQ is actually at a record high this week for a reason.

SingTel keeps quietly doing its thing, decent trading and chatter on SGX friday while US markets were shut. i hold it for the ~5% yield and the Nxera data-centre optionality, not for fireworks. boring dividend telco in a week full of chip drama is honestly a nice place to hide. holding, collecting, not touching it.

$Apple(AAPL.US) the one green name in a sea of red chips today, up 4.8% while everyone else bled. the foldable iPhone build target got bumped to 10M units from 7-8M, that's a real product cycle not a rumor. i've been early and bored holding this for months, days like today are exactly why. still my biggest core, adding nothing, just letting it work.

$Meta Platforms(META.US) popping almost 10% on the plan to rent out spare AI compute is the smartest pivot i've seen this year. they were already spending tens of billions on GPUs with no direct payback beyond the apps. now that capex line turns into a revenue stream, using infrastructure they were building anyway. that's how a cost center quietly becomes a business.

Alphabet joining the Dow today is a bigger deal than people think, index funds have to buy it now. plus it's the cheapest of the Mag 7 on earnings. been adding through the AI talent drama, the moat is more than a few researchers 💪

Stifel keeping Microsoft at $400 even through all the cost noise. The cloud and Copilot moat isn't going anywhere, and they have the balance sheet to absorb memory inflation better than anyone in the group. still my biggest core hold.

the s&p 500 quietly turning into a semiconductor etf with a few soup companies still hanging on. marvell in, campbell's out, peak 2026 energy 😂

held through the run up so im holding through this. optical interconnect is a multi year story, one red day does not end it. not adding yet though

NVDA only down about 1% while the rest of the chip space got wrecked. relative strength on an ugly day, the leader holds up better as usual