☕️ [Task Coins Giveaway] Daily Market Talk — AI Slowdown Fears Crash Chips, Ignite Cybersecurity

Anthropic, OpenAI and xAI's CEOs called for slower AI development this weekend — Trump dismissed it as a "hoax" live with Nvidia's Jensen Huang. Chip stocks crashed while cybersecurity surged as the "safer AI trade." Let's dig in 👇

💬 The same AI-slowdown headline crashed chip stocks and sent cybersecurity stocks soaring 14%+ — which side of that trade do you believe?

📊 Quick Recap — What Moved & Why

🇺🇸 US — AI Slowdown Fears Crash Chips, Ignite Cybersecurity

🔑 Key Event: Anthropic, OpenAI and xAI's CEOs called for slower AI development over the weekend — Trump dismissed it as a "hoax" on a call with Nvidia's Jensen Huang. Chips sold off hard (Philadelphia Semiconductor Index -5.9%, $NVIDIA(NVDA.US) -3.36%), while cybersecurity surged as the "safer AI trade" — $CrowdStrike(CRWD.US)+13.85% to a record high.

@Vt3 : Just before I write about risks, I spent some time on X — the [industry] leaders were talking about reducing AI speed to curb risks.

👀 Other to Watch

Chips

• Memory led the slide: $SK Hynix(SKHY.US)-7.60%, $Micron Tech(MU.US)-5.25%. $Corning(GLW.US)-13.70% was the S&P's worst performer, on its own $2B dilutive offering, unrelated to the AI-slowdown story.

Macro

• 10-year Treasury yield broke 5% intraday, first time since Oct 2023; Fed hike odds now ~92% (CME).
• US diesel hit a record $6.23/gallon as the Saudi pipeline shutdown looks set to last weeks.

Company news

• $Oracle(ORCL.US) → -3.65% — cut ~21,000 jobs (-13%), and Ellison canceled his $7.5B stock sale a day after announcing it.
• Apple's new Siri AI launched in public beta with iOS 27; $Apple(AAPL.US)+0.24%.

🇸🇬 Singapore — STI Slides as Regional Tech Selloff Spreads

🔑 Key Event:$FTSE Straits Times Index(STI.SG) closed Monday at 5,718.02, then fell -1.07% to around 5,657 this morning as the overnight tech selloff spilled into the region.

@TheInvestingIguana : The STI dropping for the week isn't really a story about Singapore companies losing their footing... the date that matters more than any single stock is the Fed meeting on 15 and 16 September.

👀 Other to Watch

• All three local banks fell alongside the index: $DBS(D05.SG) -0.98% to S$76.9, $OCBC Bank(O39.SG) -2.04% to S$31.2, $UOB(U11.SG) -1.98% to S$41.49.

🇭🇰 HK/China — HSI Eases, Z.AI Falls on Its Own Dilutive Raise

🔑 Key Event:$Hang Seng Index(00HSI.HK) closed Monday at 24,917.60, then eased -0.24% to around 24,846 this morning.

👀 Other to Watch

• $Z.AI(02513.HK) → -1.66% to HK$709, after launching a ~$5B raise (new shares + convertible bonds) priced at a 9.96% discount to Friday's close — an HK echo of Corning's own dilutive-offering hit in the US.

🌍 Other

• Samsung and SK Hynix rejected KEPCO's ~$18.6B prepaid-electricity proposal for new fab construction.
• Kioxia is reportedly weighing a US ADR listing to raise at least $10B.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Sept 15, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏