Shyon

For me, the Anthropic-Akamai deal is another reminder that AI infrastructure spending is still expanding even as the cost of capital rises. I am still constructive on the long-term AI story, especially semiconductors and compute infrastructure, but I am becoming more selective about valuation and leverage. A 5.5% 30-year Treasury yield changes the opportunity cost significantly, so I would rather accumulate quality AI names gradually on pullbacks than chase a strong move after the headlines.

I am also watching PCE and the jobs report closely because higher-for-longer rates could create more volatility for growth stocks and REITs. I would not rush to make a major portfolio shift based on one rate move. My approach remains simple: keep some cash available, continue DCA into companies I understand, and use weakness to build positions instead of FOMO buying strength. AI demand can remain strong while multiples still compress, so I think both the growth story and the cost of money need to be respected.

For me, this looks like more than a short-term rotation. With the 10-year Treasury above 5%, investors are becoming more selective toward companies with heavy capex and distant cash flows. That explains why semiconductors can face pressure even while long-term AI demand remains strong.

I also think software deserves more attention as AI monetization becomes easier to measure. Companies like PLTR and MSFT can potentially turn AI into higher revenue and free cash flow without the same infrastructure burden. The key question is shifting from whether AI makes money to which part of the AI stack captures the profits.

Personally, I would not simply sell SOXX and buy IGV after one sharp move. I still believe chips are essential to AI, so I prefer accumulating quality names gradually while watching rates, credit spreads, and earnings. For me, cash flow will increasingly separate the winners from the stories.

I would not rush to trim growth stocks just because the 10-year yield moved above 5%. Higher yields clearly put pressure on high-valuation growth stocks, but I see this more as a reason to be selective and manage position sizes rather than exit the AI trade completely.

For me, a sharp pullback can actually create better opportunities to DCA into companies where the long-term fundamentals remain strong. I would rather buy gradually on weakness than chase when prices are running, while keeping enough cash to handle further volatility. The key is whether earnings and AI demand continue to justify the valuations.

For me, the $Sandisk(SNDK.US) story is interesting, but I would not chase the stock simply because Wall Street raised the target. AI memory demand is clearly a strong long-term theme, and SanDisk is benefiting from the growth in data-center storage, HBM and AI infrastructure. At the same time, memory is still a cyclical business, so a very high price target also comes with very high expectations. I would rather watch earnings, pricing and demand trends than follow a target price blindly.

I also understand why Burry is taking the opposite side, especially with memory and semiconductor valuations having moved so strongly. Personally, I am more comfortable staying invested in the semiconductor theme through pullbacks and gradual accumulation rather than trying to predict the exact top. For me, the key question is not whether SanDisk can rally further, but whether AI-driven memory demand can remain strong enough to support the current cycle.

Muse topping the App Store is definitely interesting $Meta Platforms(META.US), but I see it more as an early signal than the main reason behind the chip rally. If AI agents become part of everyday workflows, they will need more compute not only for training, but also for inference and real-time interactions. That could create broader demand across CPUs, GPUs and AI accelerators.

For me, the bigger question is whether Muse can turn strong user adoption into sustained usage. One successful AI agent is not enough to prove a long-term hardware cycle, but if more agents start handling shopping, coding, productivity and other tasks, the amount of compute required could scale quickly. I am watching $AMD(AMD.US), $Intel(INTC.US) and $Arm(ARM.US) closely because the agentic AI story could eventually become another demand driver alongside the existing GPU and data-center boom.

The tokenization move is definitely interesting because 24/7 trading could blur the traditional line between stock and crypto markets. For me, the bigger question is whether this creates more real liquidity and access, or simply more volatility around the clock. I am also watching the chip price increases and BOJ rate hike closely, as both could have a wider impact on tech valuations. For now, I prefer staying selective and accumulating quality names on pullbacks rather than chasing the Friday rally.

For me, the bigger story is Jensen Huang saying $NVIDIA(NVDA.US) could sell twice as many chips next year. That gives me more confidence that AI demand remains strong despite the Fed hike and recent tech volatility. I see the chip rally as a mix of AI conviction and some relief after the rate decision, rather than just a short-term bounce.

I am still bullish on semiconductors, but I prefer to accumulate on pullbacks instead of chasing strength. I will be watching whether Nvidia and other chipmakers can turn this strong demand outlook into actual revenue and earnings growth.

For me, the bigger story is not the 25bp hike itself, but how firmly the Fed is signalling that rates may stay higher for longer. A unanimous 12-0 decision, together with 16 of 18 officials still seeing at least one more hike this year, tells me inflation remains the key concern despite the growing pressure from the White House. Trump calling for rates at 1% or lower is a very different message from the Fed’s current stance, which makes the question of central-bank independence even more important for markets.

I am not changing my long-term AI and semiconductor thesis because of one rate hike, but I am becoming more selective about adding. Higher-for-longer rates can pressure high-valuation growth stocks and increase volatility, so I would rather use sharp pullbacks to accumulate quality names gradually instead of chasing strength. For me, this is a period to stay patient, manage position sizes, and let the market give me better entry points.

My call is 1B 2B 3B. I expect a 25bp hike to 3.75%–4.00%, with three dissenting votes and 12 or more officials still seeing at least one more hike in 2026. The hike itself feels largely priced in, so for me, the bigger market risk is the Fed’s guidance and how firmly it signals that rates may stay higher for longer.

My plan is to stay patient rather than make a big move based on one Fed meeting. Higher rates can pressure growth stocks, REITs and leveraged positions, while potentially supporting USD and keeping Singapore borrowing costs elevated. I would continue accumulating quality companies gradually on meaningful pullbacks instead of chasing volatility, especially in AI and semiconductor names where my horizon is longer term.

What would change my mind is a much more hawkish dot plot or clear signs that inflation is becoming broader and more persistent than expected. If the Fed signals several more hikes and financial conditions tighten sharply, I would slow down my buying and keep more cash available. For now, I see this as a rate-and-guidance reset rather than a reason to abandon my long-term plan.

The 20-year Treasury yield at 5.42% is the part I am watching most closely. Even if the Fed delivers the expected hike, the bigger question for me is how long yields stay elevated. Higher long-term yields can keep pressure on growth and tech valuations, so I would rather stay patient than chase a relief rally.

For Singapore, I am also watching the banks closely. $DBS(D05.SG), $OCBC Bank(O39.SG) and $UOB(U11.SG) have held up relatively well, but the Fed decision could quickly shift expectations on rates and fund flows. For me, the key is not the headline hike itself, but whether the Fed signals a slower or faster path from here.