Shyon

For me, $Oracle(ORCL.US) is a great example of macro versus fundamentals. ORCL dropped over 5% on hot PPI and rising yields, but then jumped after earnings showed 121% cloud infrastructure growth and RPO of $664B. AI demand clearly remains strong.

I am still watching the 10-year yield closely as it approaches 5%. I remain constructive on AI, but I prefer accumulating quality names on pullbacks rather than chasing strength.

$Taiwan Semiconductor(TSM.US)’s 53.3% revenue growth also reinforces my view that AI demand remains strong. Now I am watching CPI and the Fed closely, while keeping some cash ready for opportunities.

I think the biggest takeaway is that predicting the exact direction of $NVIDIA(NVDA.US) around earnings is becoming extremely difficult. The community correctly identified the potential for a bounce after seven losing days, but the actual 8.74% move was far beyond expectations. For me, this shows how quickly sentiment can shift when fundamentals remain strong and positioning becomes too defensive.

I would rather focus on the longer-term AI cycle than trying to predict every earnings-day move. NVDA still has strong demand and a huge role in AI infrastructure, but expectations are also extremely high. My approach is to stay patient, avoid chasing a sudden spike, and use meaningful pullbacks to build exposure gradually. In my view, consistency matters more than getting one earnings call exactly right.

I am leaning toward a slightly hotter CPI print tonight. The jobs data has held up much better than expected, while oil above $100 adds another layer of inflation pressure. My call for core CPI YoY is 2.5% or higher, so I am going with 1C.

For headline CPI, I also expect some upside pressure from energy prices, but I do not think it will move dramatically away from expectations. I am calling 2B for 3.4%. For core CPI MoM, I think 0.2% is still the most likely outcome, so my third call is 3B.

My final answer: 1C 2B 3B. I think tonight's data could strengthen the case for higher-for-longer rates, so I would rather stay patient and avoid chasing the market until we see how investors digest the CPI and the Fed's next move.

I am voting for $Oracle(ORCL.US) to close up 4% to 10% on 11 September. I think the market is already expecting strong revenue and EPS, so the real catalyst will be OCI growth, the massive RPO conversion and the FY2027 outlook. With AI infrastructure demand still accelerating, I believe Oracle can deliver enough positive signals to keep the momentum going, even with concerns around capex, debt and financing. My view is bullish, but I am not expecting an explosive move because a lot of optimism is already priced in. For me, a 4% to 10% gain looks like the most reasonable outcome.

I think $Apple(AAPL.US) Apple’s muted reaction makes sense because the foldable iPhone was already heavily anticipated. The $1,999+ price is impressive, but investors are now asking whether Apple can maintain strong margins despite higher production and component costs. For me, the real test is demand and whether it can trigger a meaningful upgrade cycle.

I remain positive on Apple because of its strong ecosystem, loyal customer base and pricing power. If Apple can make the foldable iPhone feel genuinely different rather than simply expensive, it could create another major premium product category. I also think John Ternus is well positioned to lead Apple into its next phase.

Personally, I would not judge AAPL based on one quiet trading session. I will watch sales, margins and production over the next few quarters. If Apple proves customers are willing to pay premium prices while protecting margins, I think the foldable iPhone could become a meaningful long-term catalyst.

For me, the foldable iPhone is less about the first-day sales numbers and more about whether $Apple(AAPL.US) can prove there is real demand for a premium foldable ecosystem. A price above $2,000 and extremely limited production could create scarcity and hype, but it also highlights the biggest risk: supply-chain execution.

I’m also watching $Qualcomm(QCOM.US)’s $Amazon(AMZN.US) deal closely. A potential $60B AI chip partnership through 2036 is a strong validation of Qualcomm’s push beyond smartphones, showing that custom AI inference chips could become a meaningful long-term growth driver. At the same time, rising bond yields and oil prices are making the macro backdrop much less forgiving for expensive growth stocks and REITs.

Overall, I’m staying constructive but selective. Apple has the ecosystem and brand power to make foldables mainstream, but I want to see the actual launch reception, pricing, production ramp and margins before getting too bullish. For me, the next few quarters of execution will matter more than tonight’s headline.

The memory inventory situation is the part I’m watching most closely. If $Samsung Electronics (SSNGY.US) and $SK Hynix(SKHY.US) really have only around 10 days of inventory, it suggests AI demand is starting to create a genuine physical bottleneck, not just an AI narrative. For $Micron Tech(MU.US) and SK Hynix, that could provide strong pricing power and support earnings momentum.

At the same time, I’m keeping an eye on the 10-year Treasury yield approaching 5%. Higher yields can pressure high-growth AI valuations, especially when expectations are already extremely high. I don’t think this automatically means the AI boom is over, but it does raise the bar for companies to keep delivering strong revenue and earnings growth.

For me, the key question is whether AI capex is translating into real demand and cash flow. If memory shortages, GPU deployments and hyperscaler spending continue to support tangible earnings, I would see pullbacks as opportunities rather than a reason to abandon the AI theme. I’m staying constructive, but becoming more selective on valuation.

I think the market may be getting ahead of itself on the Fed. The strong August jobs report clearly strengthens the case for higher rates, but I don’t think the September decision is settled yet. The upcoming CPI will be crucial in determining whether inflation is still sticky enough to keep the Fed hawkish.

I’m also watching $Tesla(TSLA.US) closely after the Cybercab launch. The limited rollout and lack of livestream or meaningful fleet-scale data made the event feel more like a showcase than a commercial breakthrough. Meanwhile, I remain bullish on the AI infrastructure theme, especially memory and networking stocks, as HBM demand continues to strengthen.

For me, the biggest catalyst this week is still the combination of US CPI, $Oracle(ORCL.US) and $Adobe(ADBE.US) earnings, and $Apple(AAPL.US)’s iPhone launch. I’ll be watching not just whether the numbers beat expectations, but whether management guidance supports the next leg of the AI and tech rally. Markets are rewarding strong execution—and punishing disappointment quickly.

I’m cautiously bullish, but I think the market may be getting ahead of itself on the Fed. Waller’s dovish tone is definitely supportive for growth and AI stocks, but tonight’s jobs report could quickly change the narrative. With consensus around just 56K jobs, a weak number could reinforce September easing expectations and push yields lower, while a stronger-than-expected print could bring some of that optimism back down to earth. I’m watching yields and the labour data more closely than the index gains.

For individual names, $Snowflake(SNOW.US) Snowflake’s 16% jump shows that strong AI-driven growth is still being rewarded, while $Broadcom(AVGO.US) Broadcom’s sell-off despite a huge AI revenue target reminds me how high expectations have become. I remain constructive on Broadcom and Tesla over the longer term, but $Tesla(TSLA.US)Tesla’s Cybercab launch still needs to prove it can scale beyond an invite-only rollout before the market fully prices in the robotaxi opportunity. Meanwhile, Singapore banks and the STI $FTSE Straits Times Index(STI.SG) hitting fresh highs are encouraging, and I’d rather continue holding quality positions than chase prices after a strong run.

🟩 BUY THE DIP — I see the Cybercab launch as a positive step for $Tesla(TSLA.US) Tesla’s long-term story. The biggest value isn’t the hardware itself, but the potential to build a scalable Robotaxi network with a purpose-built vehicle designed around autonomy. If Tesla can achieve its low-cost-per-ride target, the economics could be very compelling.

I’m not too concerned about the lack of livestream or the initial Austin-only rollout. For a technology this ambitious, I’d rather see Tesla focus on real-world testing, safety and regulatory approval before aggressively scaling. The fleet-sales model is also interesting because it could allow businesses to participate in the Robotaxi ecosystem and potentially accelerate deployment.

For me, this is still an early-stage story, so I’m not expecting immediate revenue transformation. But I believe the launch moves Tesla one step closer to turning FSD + Robotaxi + Cybercab into a meaningful new business. The overnight dip looks more like a “sell the news” reaction to me than a reason to abandon the long-term thesis. 🚗📈