--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — OpenAI's $20B Gap Hits AI Stocks" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000930453.md" description: "The FT reported OpenAI's annualized revenue is about $20B lower than thought, and the AI chain sold off: Oracle -5.5%, CoreWeave -7.8%, Nvidia -2.9%. At home, the STI closed -3.5% Thursday as all thre..." datetime: "2026-10-09T02:43:57.000Z" locales: - [en](https://longbridge.com/en/topics/100000000930453.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000930453.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000930453.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — OpenAI's $20B Gap Hits AI Stocks The FT reported OpenAI's annualized revenue is about **$20B** lower than thought, and the AI chain sold off: Oracle **-5.5%**, CoreWeave **-7.8%**, Nvidia **-2.9%**. At home, the STI closed **-3.5%** Thursday as all three banks fell 4% to 5%. Let's dig in 👇 **💬 AI names and SG banks both just got hit: which dip are you buying first, Nvidia or DBS?** ## 📊 Quick Recap — What Moved & Why ### 🇺🇸 US — OpenAI's Revenue Gap Hits the AI Trade **🔑 Key Event:** OpenAI's annualized revenue was about $50B at end-September, the FT reported, not the $68B cited last month; the higher figure had included partners' gross revenue. **AI infrastructure took the hit:** $Oracle(ORCL.US) **-5.5%**, $Coreweave(CRWV.US) **-7.8%**, $NVIDIA(NVDA.US) **-2.9%**, $Broadcom(AVGO.US) **-4.4%**. > @CP : Memory can't go up forever after a 224% run; SpaceX borrowing $40B to buy Nvidia chips is bullish Nvidia but bearish for leverage. **👀 Other to Watch** - $NASDAQ Composite Index(.IXIC.US) → **-1.25%**, $S&P 500(.SPX.US) **-0.47%**, $Dow Jones Industrial Average(.DJI.US) **+0.10%**; the 30-year auction cleared at 5.618%, highest since 2000. - $Oracle(ORCL.US) is trucking natural gas to its AI data centers at four times pipeline cost, per Bloomberg. - $Micron Tech(MU.US) **-4.8%**, $Sandisk(SNDK.US) **-4.9%**, $SK Hynix(SKHY.US) **-4.4%** as Samsung's record quarter missed on revenue. ### 🇸🇬 Singapore — Banks Drag the STI to a 3-Month Low **🔑 Key Event:** $FTSE Straits Times Index(STI.SG) closed **-3.49%** Thursday at 5,413 as $DBS(D05.SG) fell **-4.7%**, $UOB(U11.SG) **-5.2%** and $OCBC Bank(O39.SG) **-4.3%**. **JPMorgan told clients to trim all three on surging long yields and funding costs.** This morning the STI is down about **-0.6%** near 5,382, with DBS about **-1.4%**, UOB **-1.8%** and OCBC **-0.5%**. > @LazyCat : Citi's Sell call is a prediction of where the stock could trade down to if their concerns of slowing growth and shrinking margins play out; do note that this is a prediction and not a fact. **👀 Other to Watch** - **S-REITs** → the REIT index fell **-1.0%** Thursday, milder than the STI; $Lion-phillip S-Reit(CLR.SG) sits near its 52-week low. > @Pingu : I saw the S-REIT drop as an opportunity to increase my exposure at a lower price, but I did not want to assume that a lower price automatically meant better value. ### 🇭🇰 HK/China — Bouncing Off a 3-Month Low **🔑 Key Event:** $Hang Seng Index(00HSI.HK) is up about **+1%** this morning near 24,020 after Thursday's **-1.43%** drop to a three-month low, with $XIAOMI-W(01810.HK) about **+6.8%**, $TENCENT(00700.HK) **+1.8%** and $HSBC HOLDINGS(00005.HK) **+1.5%**. > @Fattycat : The Hang Seng Tech Index has dropped around 27%. It looks far more attractive now; big names like Alibaba, Tencent and BYD are trading at discounts. ### 🌍 Other to Watch - 🛢️ Brent is easing toward $103 this morning after Trump ruled out an Iran strike before the midterms; it settled **+4.1%** Thursday as a hurricane shut 63% of US Gulf output. - 📉 Fed's Waller sees no need for back-to-back hikes; Musalem disagrees. - 🪙 Gold is bouncing toward $4,170 as oil cools. > @EdmundK : Nvidia and Nasdaq records on the same day as 10Y and 30Y yields at 24-year highs is a divergence that never ends well. ## 📅 Upcoming Key Events | **When (SGT)** | **What** | | --------------------- | ------------------------------------------------------------------------------- | | **Fri 9 Oct (today)** | 🇺🇸 $Delta Air Lines(DAL.US) results, 6:30pm 🇺🇸 UMich consumer sentiment, 10pm | | **Watching** | 🌍 Hormuz attacks and Gulf hurricane shut-ins | 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: Oct 9, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [81211.HK](https://longbridge.com/en/quote/81211.HK.md) - [BYDDY.US](https://longbridge.com/en/quote/BYDDY.US.md) - [BYDDF.US](https://longbridge.com/en/quote/BYDDF.US.md) - [002594.CN](https://longbridge.com/en/quote/002594.CN.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) ## Comments (56) - **NewUser_zS0M8w · 2026-10-09T14:29:58.000Z**: SG Reits dropped slightly today along with DBS & UOB while OCBC seemed to settle down. I expect a tiny rise in the US markets after the drawdown yesterday but shouldn't be any huge surprises heading into the weekend. Trump's claims to not attack Iran during the midterms is one to monitor closely - **NewUser_oPJWOU · 2026-10-09T14:24:15.000Z**: It's the final Trading day of the week and our local market has stabilised a bit by the close. Much remains to be seen though for the banks as pressure on margins could show in upcoming earnings next month. Moreover, we could potentially see more partial sells with the reduced board lots. - **win win · 2026-10-09T12:12:56.000Z**: DBS OCBC UOB, the three giant STI components index stock. Which bank you want to pick ? if Monday opens lower, are you intend to buy more ? - **Tiffany lover · 2026-10-09T11:20:47.000Z**: The three major Singaporean bank stocks plunged, following JPMorgan's recommendation for clients to reduce their holdings amid soaring long-term yields and financing costs.This is a multi-layered consideration; however, one must also assess whether local economic development and future prospects pro - **melph · 2026-10-09T10:22:09.000Z**: Singapore bank stocks have pulled back sharply over the past few days amid concerns about interest rates, earnings growth and profit-taking after their strong run. I see this as a potential buying opportunity but would wait for valuations to become more attractive before adding, rather than rushing - **optionspuppy · 2026-10-09T08:52:13.000Z**: 📈 🐶 My Market Take: Don’t Ignore the Bigger Picture!💰 For me, the interesting part of today’s market is not just whether stocks go up or down, but what investors are expecting next. Delta Air Lines’ earnings could tell us whether people are still spending on travel despite economic uncertainty. If i - **The · 2026-10-09T08:29:14.000Z**: Dow Jones Industrial Average stock increases compared to other US stocks.The usual local stock and banks’ stocks decrease. Hong Kong stocks for Hang Seng Index, Xiaomi, Tencent and HSBC Holdings rise. Oil price rises is a good news. However, it will increase the operating expenses for companies and - **LazyCat · 2026-10-09T07:45:50.000Z**: What is certain now is that uncertainty rules. Even the "safe haven" Singapore is zapped by the banks sell off. What I see is the rapid sector rotation of funds, triggered by news that are not new but suitable as a trigger for rotation. We have seen DeepSeek, SaaSpocalypse, Citi OCBC downgra - **LazyCat** (2026-10-09T07:54:44.000Z): Aiyo, getting old. I mean OpenAI mentioned by Captain and not anthropic. - **FaithAnchor · 2026-10-09T06:51:47.000Z · 👍 2**: $Lion-phillip S-Reit(CLR.SG)S-REITs slipped 1%, a smaller hit than the STI. Perhaps investors are still holding on for those dividends while the broader market takes a beating. The question is whether that resilience will last if sentiment worsens. - **LazyCat** (2026-10-09T07:34:53.000Z): S- REITs have already been hit and have fore ran this bank selloff for quite some time. Their down side is lesser than the banks. If we check the SGX short sell reports, some favourite S-REITs are amo - **LazyCat** (2026-10-09T07:36:11.000Z): what I meant is that sreits are still targeted but the banks have a better risk to reward for shorting. - **koolgal · 2026-10-09T06:13:44.000Z · 👍 1**: The Dividend Snowball: How To Own Singapore's Banking Giants Without the Heartache🌟🌟🌟Compounding is like the financial equivalent of rolling a tiny snowball down Bukit Timah Hill. At first, it looks insignificant. But as it rolls, the snow picks up more snow. In the investing world, your money m - **Fattycat** (2026-10-09T06:17:38.000Z): In my view, I wait till US elections. More turbulence ahead . The full tsunami has not arrived yet.Gold is better 🤣 - **LazyCat** (2026-10-09T07:40:32.000Z): actually we'll never know if there will be a tsunami. Once something reach out comfortable buy zone, just do what you have to do based on the exposure and risk you are ok to take. - **koolgal** (2026-10-09T22:34:16.000Z): Yes that is a good advice.👍👍👍 - **Fattycat · 2026-10-09T05:58:36.000Z · 👍 2**: 30 min chart- spot Gold is pumping again. Long top wick for last candle. Another 2 min to go for the candle to close below the previous candle else gold is bullish. - **dingdongbell · 2026-10-09T05:57:55.000Z · 👍 2**: The market retreated and it’s about time. Healthy too! The OpenAI thingie? It will be forgotten again much like all the AI FUDs before. Remember the recent ‘Anthropic’ one? There will be an ‘AI bubble’ one when tech rallies again. People love stories! - **Heroic Lifesaver · 2026-10-09T05:52:19.000Z · 👍 1**: Haha….The market especially tech was about to sell off regardless. I kept mentioning that the past few days. The OpenAI narrative was just an explanation that is redundant. 😂 - **Fattycat** (2026-10-09T05:54:32.000Z): The narrative started to change now and analysts just let the market to interpret ☺️. - **Heroic Lifesaver** (2026-10-09T06:07:39.000Z): Haha….They will try to explain the market and when they cannot, they say market don’t make sense. 😂 - **Shyon · 2026-10-09T05:33:07.000Z · 👍 2**: I would lean towards $NVIDIA(NVDA.US) first, as I still believe in the long-term AI growth story despite the recent revenue concerns surrounding OpenAI. However, this sell-off reminds me that expectations can get ahead of reality, so I would rather accumulate gradually than rush in. Strong AI demand - **Fattycat** (2026-10-09T05:36:03.000Z): Cheers and happy F1 weekend to you. 🤣 - **Shyon** (2026-10-09T08:35:28.000Z): Haha Singapore Grand Prix! Enjoy the race too - **Fattycat · 2026-10-09T04:51:41.000Z**: Xiaomi jumped 7.19% this morning. Is this a good opportunity to buy or value trap? I feel that the selling is overdone. I pray for the stock to rally toward HKD 30 by end of this year. - **Shyon** (2026-10-09T08:35:05.000Z): I have been trapped by Xiaomi for years haha! All the Hong Kong and Chinese stocks are really tricky. - **Fattycat · 2026-10-09T04:47:05.000Z · 👍 1**: Higher timeframe , Daily chart:Hang Seng and Hang Seng Tech look attractive and oversold now. Looking at the bigger picture makes me wonder if this is just a dead cat bounce before more downside. I see more room to go down to 2200🥹Fingers crossed I may be incorrect 😔 What do you think about it ? - **Fattycat** (2026-10-09T05:36:40.000Z): Should be 22500. Typo error. - **0wMYbg** (2026-10-09T06:07:15.000Z): Hang Seng index has been selling off so much 😞. Haha any gains intra day is always erased off by the end of the day - **Fattycat** (2026-10-09T06:09:26.000Z): I think next wave coming soon. It can happen when US market sneezes🫢. Next support level 22.5K . - **relf · 2026-10-09T04:42:49.000Z · 👍 1**: Party day for the doom and gloom group. Though am curious why all of them come out on the same day? And then they go into hiding when markets are up. Haha. Trust your own conviction. - **Fattycat · 2026-10-09T04:30:18.000Z · 👍 1**: Has anyone been watching defensive stock Sheng Siong? It just dropped 4.1% this morning .My own view, it is still expensive.PB ratio at 7.27 forward PE at 26.54. Not attractive to me. What is your thought ? - **LazyCat** (2026-10-09T07:38:36.000Z): eagerly waiting for it to turn back into a defensive dividend stock. I'd gave it a pass after missing it when it was much lower but didn't think it was worth to chase it as this is clearly not a growt - **Fattycat** (2026-10-09T07:43:43.000Z): Wait for Nasdaq and S&P to 🤧 . - **Fattycat · 2026-10-09T04:23:33.000Z · 👍 3**: Captain question: AI names and SG banks both just got hit: which dip are you buying first, Nvidia or DBS?If I am given to choice to choose Nvidia and DBS : I will actually buy both and in different sizes. DBS first for stability and dividends. As for Nvidia in smaller tranches if it dips meaningfull - **TheRaccoonAnalysis · 2026-10-09T04:11:46.000Z · 👍 1**: OpenAI’s reported $50 billion annualized revenue remains substantial, but the gap versus the previously cited $68 billion highlights how accounting differences can distort comparisons and investor expectations. The sell-off in Oracle, CoreWeave, Nvidia and Broadcom reflects concerns about AI infrast - **Fattycat** (2026-10-09T04:33:13.000Z): OpenAI's revised revenue shows accounting differences can really skew expectations. The power of ACCOUNTANT 😆The sell-off across AI infrastructure stocks reflects valid concerns about demand and valua - **LazyCat** (2026-10-09T07:07:07.000Z): ha ha, some program managers are even more creative than accountants. - **Fattycat** (2026-10-09T07:13:48.000Z): Most American companies are good at window dressing at the end of each quarter. They managed both share price (PR) and company well. --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**