C3.AI

CITADEL: WE BELIEVE SYSTEMATIC BUYERS ARE GETTING READY TO LOAD UP ON STOCKS AGAIN AFTER A MASSIVE UNWIND

Source: amit

Palantir (PLTR) just delivered an “otherworldly” Q2 2026 earnings report, sending shares soaring nearly 30%. Total revenue rocketed 93% year-over-year to $1.94 billion, completely crushing Wall Street estimates. The core growth engine remains the U.S. commercial sector, where revenue exploded by 149%, proving that enterprise adoption of the Artificial Intelligence Platform (AIP) is moving fast from pilot tests to heavy production spending.

Management also raised full-year 2026 revenue guidance to an impressive $8.15 billion–$8.158 billion, backed by elite profitability metrics like a 62% adjusted operating margin and $1.22 billion in free cash flow. CEO Alex Karp’s focus on data sovereignty and operational AI decision-making continues to separate Palantir from traditional software providers facing competitive AI doubts.

The main debate for investors isn’t the strength of the business, but the sky-high valuation. Trading at a premium forward multiple, the stock leaves little room for execution slips. However, with net dollar retention hitting an elite 157%, bulls argue that Palantir’s unique ontology mapping makes it a foundational, must-have layer for enterprise AI transformation.

$SPDR Gold Shares(GLD.US) Gold rose more than 2% on Wednesday to a one-month high as hopes of a U.S.-Iran peace deal tempered some inflation concerns, while investors awaited key U.S. jobs data for clues on the Federal Reserve’s policy path. President Donald Trump said his administration had “very good discussions” with Iran during all-day negotiations on Tuesday, fuelling expectations of an imminent end to the five-month conflict. “There are increasing signs of a Gulf ceasefire deal, which means Treasury yields are moving lower on easing inflation worries, which helps make non-yielding assets like gold more attractive,” said Jamie Dutta, a market analyst. The U.S. dollar remained under pressure, making greenback-priced metals more attractive to holders of other currencies, while yields on the benchmark 10-year U.S. Treasury note fell to a one-week low. Gold tends to lose its appeal in a high interest-rate environment despite its status as an inflation hedge, as it yields no interest. Traders are now pricing in a 59% probability of a September rate hike, down from 67% a day earlier. Moreover, I don't think Gold will gain too much with a rate hike still very likely by the end of the year. Still, having precious metals in your portfolio could help to hedge against AI bubble risks. @Captain's Treasure

QQQ yet to break all time high... how long will this AI reversal last? Will local banks set another record high this week? Up and down, up and down...

$Palantir Tech(PLTR.US)

Source: amit

$Palantir Tech(PLTR.US)

Source: amit

SK Hynix 2Q26 First Take: results disappointed despite an expected sharp memory upcycle. Revenue and GPM both came in below street expectations.

The shortfall mainly stemmed from DRAM, which accounts for over 70% of revenue. DRAM rose 42% QoQ, with shipments up high single digits (~8%) and ASP up ~30% QoQ.

Commodity DRAM prices in Q2 climbed more than 50% QoQ at the market level. SK Hynix’s ASP increase was materially weaker.

This softer ASP reflects a capacity pivot toward HBM. With smaller exposure to commodity DRAM, recent price hikes contributed less than the market had hoped.

The current memory upcycle has been driven by AI capex. With Meta leasing compute, the K3 model in focus, and Anthropic’s ARR growth slowing, investors have started to question the durability of CSP capex, prompting a pullback across the AI pricing chain, including memory.

The market remains divided on the cycle’s path. Some houses expect memory prices to start rolling over in 2H27, while others argue that LTAs signed by memory majors could delay the downcycle.

A slower slope of price gains is now broadly consensus. Street expectations for QoQ price moves in 2026 Q1/Q2/Q3 are roughly 90% → 55% → 15%. From a second-derivative lens, the surge phase has passed.

In sum, the print was weak, and investors do not expect sustainably outsized profits (e.g., 80%+ GPM). More important than this quarter is the trajectory of LTAs and whether they support steady earnings over the next few years.

The -10% after-hours drop directly reflected the miss. The subsequent rebound followed the company’s slide deck first officially confirming that LTAs include prepayments and other financial mechanisms, though no specific amounts were disclosed (Micron has disclosed prepayments and RPO).

The low valuation also embeds concern over future uncertainty. Clearer disclosures on order and price locks under LTAs would be key to restoring confidence in the multiple. For more updates, follow Dolphin Research’s upcoming commentary and Trans.$SK Hynix(SKHY.US)

I think Apple has a good chance to surprise this earnings season. Expectations aren’t as high as before, so even a decent beat with positive comments on AI, Services, or iPhone demand could push the stock higher. If management gives investors more confidence, sentiment can improve quickly.

On the other hand, I’m slightly cautious on Meta. The business is still very strong, but the stock has already had an incredible run and expectations are extremely high. When a stock is priced close to perfection, even good earnings may not be enough if guidance or capital expenditure disappoints. I wouldn’t be surprised to see some profit-taking after the report.

My take: Apple has more room to surprise, while Meta has more room to disappoint. @Captain's Watch

Amazon.com, Inc. $Amazon(AMZN.US) continues to showcase robust operational execution across its dual profit engines: e-commerce and cloud computing. In its recent financial reporting, Amazon demonstrated significant operating leverage, highlighted by a record 13.1% operating margin driven by the rapid re-acceleration of Amazon Web Services (AWS). While its core marketplace remains dominant—buoyed by record-setting events like Prime Day—the real catalyst for the company’s current expansion is its high-margin advertising services and cloud sectors.

Despite these strong fundamentals, the stock has underperformed relative to pure-play artificial intelligence chipmakers and power suppliers, trading at roughly $232 per share, which represents an attractive entry point at a forward price-to-earnings multiple of 27x.The primary near-term headwind pressuring the stock price is management’s aggressive infrastructure investment cycle. Amazon has planned roughly $200 billion in capital expenditures for 2026, heavily focused on building out data centers and scaling its AI infrastructure. This massive spending surge has temporarily compressed trailing free cash flow.

However, the market appears to be underestimating the structural margin benefits of Amazon’s proprietary hardware. The company’s custom AI silicon portfolio—including its Graviton and Trainium chips—has already surpassed an annual revenue run rate of $20 billion, allowing AWS to fulfill heavy enterprise workloads at a significantly lower cost than wholesale GPU alternatives.For long-term investors, the disconnect between Amazon’s record operational health and its flat year-to-date stock performance presents a compelling “bargain hiding in plain sight”. Wall Street remains overwhelmingly bullish, maintaining a consensus “Moderate Buy” to “Strong Buy” rating with an average twelve-month price target of approximately $313, representing a projected upside of over 34%.

$TE Connectivity(TEL.US)

From a risk management and capital perspective, the post-earnings pullback has created a stark valuation disconnect. TEL currently features a remarkably compressed price-to-earnings-to-growth (PEG) ratio of 0.18, signaling that the market is severely underpricing its trailing 107.5% net income growth. Concurrently, aggressive ongoing share buybacks are actively supporting shareholder yield. Rather than chasing overextended AI software names, accumulating this deeply undervalued hardware anchor during a consolidation phase is a highly disciplined way to play the secular hardware and energy grid modernization cycle.

$Micron Tech(MU.US)

The last hit I have marked is $1014. Thereafter dropped like

Nobody business. Nice rebound last. But better safe then sorry cos as said before US stocks even AI are all unpredictable due to US always living day by day in the midst of chaotic affairs.

SO invest wisely 🥳🍷✈️

The memory semiconductor sector rebounded strongly after a recent pullback, supported by a positive UBS outlook and robust South Korean export data pointing to sustained AI-related hardware demand. The rally lifted memory stocks and drove broad gains across semiconductor shares, reinforcing investor confidence in AI infrastructure spending. While the move suggests improving sentiment, the sector remains sensitive to future demand trends, inventory conditions and broader macroeconomic developments.

It has been a healthy pullback for tech especially the AI names, much needed in fact. Price looks like it is stabilising and ready for its next leg up.

🦎 IGGY MORNING BRIEF, 20 JULY 2026

☕ Good morning. SGX opens at 9 AM SGT.

OVERNIGHT US

Wall Street closed lower: Dow -0.8%, S&P -1.0%, Nasdaq -1.4%. AI/semiconductor names led declines (Nvidia heaviest) as investors reassess the trade’s runway. Less direct for SGX dividend plays, but risk-off could pressure growth-adjacent names locally.

SGX PRE-OPEN

STI closed Friday at 5,509.4 (-0.5%). Brent crude jumped 4.6% to ~$88/bbl – biggest weekly gain since April – after US strikes on Iran overnight (per Bloomberg). Ceasefire fragile; infrastructure hits broaden conflict. USD/SGD at 1.2912.

THREE ON RADAR

Z74 SingTel, +1.14% to $4.44 – Caution flagged. Yield ~4% but meaningful distribution from asset recycling, not operating income – key watch. Friday’s move modest; no change.

558 UMS, -4.31% to $2.44 – No full audit yet; watching only. Third straight session of weakness in semiconductor/AI supply chain, mirroring global rotation – not isolated.

A17U CapitaLand Ascendas REIT, +1.21% to $2.51 – No full audit yet; watching only. Moved against broader tone on solid volume – merits closer look.

GAME PLAN

Watching if Friday’s tech weakness carries into Asia. Iran has shifted from background to active exchange; if oil holds above $88, it adds to household cost pressure I track via Q3 tariff resets – that matters for a CPF/SRS portfolio, not headlines. Separately, MAS reportedly in early talks with fund managers on tax incentives to keep Singapore competitive vs HK on carried interest – still discussion-stage. Nothing moves my forensic thresholds. Watching, not reacting.

Not financial advice. Iggy’s Forensic Compliance Standards apply.

$Realty Income MD(O.US)39.SG$ riding the SG resilience with the STI near records while global chips wobbled. all three local banks doing the heavy lifting, and with DBS targeting a trillion in wealth AUM by 2030, the whole SG bank sector is riding the Asian-money-inflow story. i hold OCBC as ballast, ~5% yield, steady while the AI trade whipsaws 20% in a week. not adding at highs, just collecting.

TSMC 2nd quarter (Q2) conference on Thursday (7/16), media report expectations:

Source: Dan Nystedt

cool CPI did exactly what $Invesco QQQ Trust (QQQ.US)$ holders needed, 3.5% vs 3.8% expected, biggest monthly drop since 2020, and July hike odds collapsed from 42% to 17%. that's the rate pressure lifting off the whole index in one print. i hold QQQ long term and this is the kind of macro relief that lets the AI names run. still watching PPI today though, one print doesn't end the debate.

While most investors focus on high-growth US technology stocks, I continue to accumulate shares of Singapore Exchange because it offers something many growth stocks cannot: stability, consistent cash flow, and attractive dividends. As a long-term investor based in Singapore, I like owning a business that benefits directly from the growth of the local capital market while generating recurring revenue from trading, clearing, and market data services.

Another reason I buy SGX is its defensive business model. Whether investors are bullish or bearish, markets continue to operate and participants continue to trade. SGX has also expanded beyond equities into derivatives, foreign exchange, commodities, and data services, making its earnings more diversified and resilient. This gives me confidence that the company can continue delivering steady performance even during periods of market volatility.

Most importantly, I view SGX as a quality compounder rather than a quick trading opportunity. The dividend income provides me with a reliable stream of cash while I wait for long-term capital appreciation. In a portfolio that already has exposure to high-growth AI and technology stocks, SGX helps balance risk and adds a layer of stability that allows me to stay invested through different market cycles.

$SGX(S68.SG)

Markets reflected a mixed outlook as investors weighed hawkish June FOMC minutes against continued strength in technology. While the Fed highlighted persistent inflation risks and uncertainty around AI-related capital spending, semiconductor stocks outperformed, offsetting weakness in banks and airlines. A firmer U.S. dollar and softer gold prices suggest markets modestly increased expectations that interest rates could remain higher for longer.