---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — DBS Crosses S$6B as SpaceX Bets It All on Nvidia"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000839436.md"
description: "$DBS(D05.SG) just crossed a milestone: total income above S$6B for the first time, on record quarterly profit. Meanwhile $SpaceX(SPCX.US) delivered its first earnings report as a public company, beat ..."
datetime: "2026-08-06T03:42:50.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000839436.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000839436.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000839436.md)
author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [Task Coins Giveaway] Daily Market Talk — DBS Crosses S$6B as SpaceX Bets It All on Nvidia

$DBS(D05.SG) just crossed a milestone: **total income above S$6B** for the first time, on record quarterly profit. Meanwhile $SpaceX(SPCX.US) delivered its first earnings report as a public company, beat on revenue, and still got crushed **13%** as investors balked at ballooning AI capex, even as Elon Musk doubled down by putting SpaceX's AI compute exclusively on Nvidia chips. Add a 4% gold pop, a wobbly Alphabet, and Hong Kong shaking off its rally, and it's a packed one. Let's dig in 👇

**💬 Which matters more to you this week: DBS's record income, or SpaceX's AI-capex sticker shock?**

## **📊 Quick Recap — What Moved & Why**

### **🇺🇸 US — AI Capex Fears Ripple as SpaceX Craters**

🔑 **Key Event:** $SpaceX(SPCX.US) posted its first earnings report as a public company on Wednesday, with revenue up 92% to $7.8B and beating estimates, but the stock crashed **13%** on capex guidance that ballooned to **$18.4B**. Elon Musk used the same call to announce SpaceX's AI compute will run exclusively on $NVIDIA(NVDA.US) chips, sending Nvidia to a 5th straight winning day. $Dow Jones Industrial Average(.DJI.US) closed at a **record 54,349** (+0.49%), while the $S&P 500(.SPX.US) slipped 0.17% and the $NASDAQ Composite Index(.IXIC.US) fell 0.83%, both snapping win streaks.

> "SpaceX popping 9% then reversing 9% on an $18.4B capex quarter is giving 'Tesla 2018' déjà vu — if markets can't absorb one big capex number without panicking, market breadth is dangerously fragile." — @EdmundK
> 
> "My SpaceX puts are going brrr." — @Greedisgood99999999

#### 👀 **Other to Watch**

-   **Alphabet (**$Alphabet(GOOGL.US)**)** → fell about 3.5-4% after Chief Scientist Jeff Dean announced he's leaving after 27 years to start a new venture, with DeepMind's Demis Hassabis stepping down as CEO to become Alphabet's Chief Scientist.
-   **SanDisk (**$Sandisk(SNDK.US)**)** and **Western Digital (**$Western Digital(WDC.US)**)** → both beat Q4 revenue estimates but guided next quarter below consensus, closing down about 5% and extending losses after hours; SanDisk also unveiled a **$14B buyback**.
-   $AMD(AMD.US) → fell roughly 7-9% as gross margin missed estimates despite a revenue beat.
-   **AppLovin (**$AppLovin(APP.US)**)** → revenue jumped 53%, but soft next-quarter guidance sent shares down more than 20% after hours.
-   **Eli Lilly (**$Eli Lilly(LLY.US)**)**, **Shopify (**$Shopify (SHOP.US)**)** and **Disney (**$Disney(DIS.US)**)** → all topped estimates, with gains ranging from about 3% to 17%; **Uber (**$Uber Tech(UBER.US)**)** slipped 5.3% on a softer bookings outlook.

### **🇸🇬 Singapore — DBS Crosses S$6B, STI Bounces Back**

🔑 **Key Event:** $DBS(D05.SG) kicked off the week's local bank earnings before Thursday's open, posting a **record S$3.08B net profit** (+9% YoY) as total income crossed **S$6B** for the first time and wealth AUM topped S$500B for the first time. The results landed just as $FTSE Straits Times Index(STI.SG) found its footing, bouncing back to around 5,630 (+0.9%) Thursday morning after sliding to about 5,581 (-0.55%) on bank-led weakness Wednesday.

#### 👀 **Other to Watch**

-   **CapitaLand Ascendas REIT** → 1H26 distributable income up 8.6% to **S$359.4M**, DPU of 7.482 cents.
-   **CapitaLand China Trust** → 1H26 DPU of 2.45 cents.
-   **Singapore Exchange (**$SGX(S68.SG)**)** and **Venture Corp (**$Venture(V03.SG)**)** → both due to report results after today's close.

### **🇭🇰 HK/China — Stock Connect Additions Buck a Profit-Taking Pullback**

🔑 **Key Event:** Hong Kong closed Wednesday's session higher, with $Hang Seng Index(00HSI.HK) up 0.24% to about 25,915 and $Hang Seng China Enterprises Index(HSCEI.HK) up 0.34%, extending a pause after a 6-session rally. Thursday morning turned into profit-taking, with $Hang Seng Index(00HSI.HK) down about 1% to roughly 25,667 as tech names slid. Southbound Stock Connect added MiniMax ($MINIMAX-W(00100.HK)), Luxshare Precision ($LUXSHARE ICT(002475.SZ)) and Sanhuan Group ($CCTC(06951.HK)) effective Thursday, and MiniMax bucked the weak tape by rallying more than 10% again.

#### 👀 **Other to Watch**

-   **Zhongji Innolight** → both its A-shares and its newly-listed Hong Kong shares fell 13-15% Wednesday as the global AI-hardware and optical-module sector cooled off, echoing the same capex jitters hitting SpaceX and AMD in the US.
-   **Nasen Technology (**$NASN TECH(02261.HK)**)** → began grey-market trading Thursday ahead of Friday's HK listing debut.

### **🌍 Other**

-   Gold jumped about 4% to the **$4,250-4,300** range, and oil fell for a third straight session (Brent below $79, WTI near $75), as Iran and Oman agreed on a Hormuz Strait shipping-route framework, though Iran said the strait's actual reopening still hinges on the US easing its restrictions.
-   US copper stockpiles hit their highest in over a decade amid tariff uncertainty, with Comex prices near record highs.
-   The US 30-year mortgage rate climbed to **6.81%**, a one-year high.
-   Fed Governor Lisa Cook said she's "prepared to act" on rates if inflation doesn't cool, warning of entrenchment risk after five years above target.

## **📅 Key Events Tonight / This Week**

-   🇸🇬 Singapore Exchange ($SGX(S68.SG)) & Venture Corp ($Venture(V03.SG)) → FY/half-year results, today after close.
-   🇺🇸 Cloudflare ($CloudFlare(NET.US)) & Airbnb ($Airbnb(ABNB.US)) → Q2 earnings, today after close; Datadog ($Datadog(DDOG.US)) → Q2 earnings, today before open.
-   🇺🇸 US CPI (July) → Aug 12.
-   🇸🇬 CapitaLand Investment ($CapitaLandInvest(9CI.SG)) → 1H26 results, Aug 13.

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨  
🚫 No duplicates · ⏰ Deadline: Aug 6, 2026, 11:59 PM SGT  
Not investment advice, just market talk 🙏

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## Comments (32)

- **NewUser_oPJWOU · 2026-08-06T10:44:23.000Z · 👍 1**: STI rose another 1% today thanks to stellar earnings from DBS, which led to rhe rise of OCBC & UOB as well. With banks reporting stronger than expected earnings, the expectation for OCBC & UOB tomorrow will definitely affect investors' confidence in adding to the highs or taking profit.
- **win win · 2026-08-06T09:21:11.000Z · 👍 1**: DBS Bank, our Sg giant bank today hit the new high $75.8. With the latest positive guidance from DBS Bank, say better earning than previous year. Do you dare to add more ?
- **dingdongbell · 2026-08-06T07:30:33.000Z**: Tech has made a remarkable turnaround since last week and seems to be doing rather well. There are those who still are wary and rightly so. However I believe tech is just starting its engines.
- **Dacai · 2026-08-06T07:11:27.000Z · 👍 1**: I don’t hold any SpaceX. I’m very happy that DBS posted better than expected quarter 2 results. Now, my eyes are on UOB and OCBC.
- **Heroic Lifesaver · 2026-08-06T06:20:34.000Z · 👍 1**: The markets are placing such high expectations on these memory stocks. The funny thing is the valuation now is generally lower than when the market was hungrily bidding them up just two months back. Sentiments just can’t be quantified. It allows rational investors better prices though so that’s a go
- **NewUser_Unm6i · 2026-08-06T06:18:23.000Z · 👍 1**: For the first time, DBS’ total income is above SGD6 billion. SpaceX reports as a public company. AppLovin revenue jumps. Eli Lilly, Shopify and Disney gains range from 3% to 17%.Good news for CapitaLand Ascendas REIT distributes income up to 8.6% DPU of 7.482 cents.CapitaLand China Trust → DPU of 2.
- **TheRaccoonAnalysis · 2026-08-06T06:16:03.000Z · 👍 1**: SpaceX reported a strong public-market debut, with revenue rising 92% to US$7.8 billion and exceeding expectations. However, shares fell 13% after management projected significantly higher capital expenditure of US$18.4 billion, highlighting near-term investment needs. Elon Musk’s confirmation that 
- **Vt3 · 2026-08-06T06:14:11.000Z · 👍 1**: $Sandisk(SNDK.US)last session swung like a pendulum instead of roller coaster while awaiting for the earning output. After which, dipped a bit off, like teasing buyers. I still prefer it goes back fast beat as its norm. Let’s see later ya🎢🛼
- **koolgal · 2026-08-06T06:03:32.000Z · 👍 1**: 🌟🌟🌟I am looking forward to $SGX(S68.SG)full year FY2026 results today after the market closes.  Expectations are exceptionally high.  Driven by a spectacular local stock market boom, SGX has had a stellar financial year.  Consensus estimates are targeting full year revenues around SGD 1.506 billion 
- **Victor y · 2026-08-06T05:33:32.000Z · 👍 1**: STI remains supported by strong bank earnings and resilient Singapore fundamentals. DBS's record earnings and total income above S$6 billion reinforce that companies with strong fundamentals and disciplined execution continue to earn investor confidence.Gold's rally reflects ongoing caution over geo
- **Kellyk310 · 2026-08-06T04:48:52.000Z · 👍 1**: the HK section is doing more work than people think. MiniMax popping on the exact day it enters stock connect is about as mechanical as it gets, mainland money gets access and a tight float does the rest. luxshare and sanhuan are the boring version of the same setup. anyone actually trading connect 
- **pohyc · 2026-08-06T04:46:21.000Z · 👍 1**: DBS what a joy! DBS is our economy bellwether, just like Taiwan has TSMC, and S.Korea with Samsung & SKHynix.
  - **Fattycat** (2026-08-06T04:59:23.000Z): Yes. Let’s go . Singapore lion 🦁.
- **Shyon · 2026-08-06T04:45:54.000Z · 👍 1**: This week, I'm focusing more on SpaceX than DBS. DBS posted record profit and crossed S$6 billion in total income, confirming the strength of its business. But SpaceX's earnings gave investors a clearer picture of where the AI investment cycle is heading.The market punished SpaceX for its huge AI ca
- **Bluegate1104 · 2026-08-06T04:39:32.000Z · 👍 1**: capex shock, and it is not a SpaceX problem. a fed governor named AI spending as an inflation driver in the same week the market marked down basically every large capex number it was shown. if that is the new reaction function then the whole AI complex reprices, not one ticker. tonight's claims and 
- **LazyCat · 2026-08-06T04:37:54.000Z · 👍 1**: A real good start to the banks' reporting. An assuring set of result from DBS will probably stabilise the STI and keep the optimism for the local market.
- **NewUser_CkrdqW  · 2026-08-06T04:34:57.000Z · 👍 1**: DBS continues to shine as the biggest bank in SG while setting a record total income above 6Billion for the first time. Last night's US stock market opened higher and was looking to add more before reversing and ending the day slightly lower. Forward guidance still a key thing to watch out for durin
- **Crazy rich · 2026-08-06T04:29:29.000Z · 👍 1**: DBS matters more, but nobody in here is saying the price. it came into this print near 3x book and about 18x earnings, roughly double its own long run averages, on a bank whose net interest income is still shrinking. holding, not adding, and i want OCBC and UOB to confirm the same wealth story on fr
  - **Fattycat** (2026-08-06T04:58:04.000Z): DBS now trades at 3 times book value. When markets are strong, valuation metrics tend to get overlooked.Many investors may not even realise how richly priced it has become. Almost every valuation key 
  - **Mohit Srivastava** (2026-08-06T06:13:59.000Z): you need to consider their growing wealth management business which was not growing at that pace earlier. I hope they will catch up to deliver 4-5% dividend
- **NewUser_ThinkSwim · 2026-08-06T04:26:59.000Z · 👍 1**: DBS stock increase should take emotions out of investing and slowly dca into it. Overall this year it has already increased lots of percentage. Still happy that DBS and OCBC have increased.
- **Fattycat · 2026-08-06T04:23:16.000Z · 👍 2**: Yes, DBS did an excellent job.It is truly an exemplary blue-chip! SK Hynix and Samsung for Korean. We have 3 big banks for singaporean 😁.Now I am looking forward to UOB and OCBC’s results. These three big banks are the pillars of Singapore and the foundation of our SGD $ too.
- **relf · 2026-08-06T04:13:37.000Z · 👍 1**: Looks like DBS continues to dominate the SG banks and SG stock market. Stable dividends too. Good for passive STI ETF holders as well!
  - **Fattycat** (2026-08-06T04:28:02.000Z): And many insurance investment linked products that tied to Singapore equity market, especially the banks😁


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**