☕️ [Task Coins Giveaway] Daily Market Talk — AMD Revives the Chip Trade

AMD beat forecasts and rose after hours on surging AI chip demand, after chipmakers snapped a three-day slide. At home, UOB's profit missed forecasts and the STI is sliding again, now nearly 10% off its peak. Let's dig in 👇

💬 AMD just answered the AI doubters. Is the chip selloff over, or is this only a relief rally?

📊 Quick Recap — What Moved & Why

🇺🇸 US — AMD Revives the Chip Trade

🔑 Key Event: $AMD(AMD.US) closed +3.65% before its results, then rose after hours as revenue jumped 45% to $13.4 billion. Its $17 billion forecast for this quarter beat estimates, easing fears the AI boom is fading.

👀 Other to Watch

• $Dow Jones Industrial Average(.DJI.US) -0.38%, $S&P 500(.SPX.US) +0.36%, $NASDAQ Composite Index(.IXIC.US) +0.83%, as tech rebounded but Apple dragged the Dow.
• Chips → $NVIDIA(NVDA.US) +2.29% overtook Apple as the most valuable company, as $Micron Tech(MU.US) +2.58% and $Sandisk(SNDK.US) +4.78% rebounded.
• AI hardware → $Arista Networks(ANET.US) +3.52% and $Super Micro Computer(SMCI.US) +3.12% before beating forecasts, then jumped after hours.
• $Apple(AAPL.US) → -1.90%, extending its post-earnings slide as memory costs squeeze its margins.
• Midterms → Nasdaq futures sank about -2.0% this morning as early Democratic wins fuel bets on a congressional sweep.

@dhighstakes : AMD's earnings call shows that the chips sector has yet to peak! Sales remain healthy.

@Heroic Lifesaver : The midterm elections will be something the market will want to get out of the way. Seasonally, it has been good for the markets.

🇸🇬 Singapore — UOB Misses as the STI Slides

🔑 Key Event: $UOB(U11.SG) is down about 5% after its S$1.25 billion profit missed forecasts. The $FTSE Straits Times Index(STI.SG) is down about -1.1% near 5,210 this morning after Tuesday's -0.65% close at 5,269.29, nearly 10% off September's peak.

👀 Other to Watch

• Banks → $DBS(D05.SG) and $OCBC Bank(O39.SG) also fall this morning before results on Thursday and Friday.
• $Grab(GRAB.US) → +9.09% on Tuesday, up about 15% in two days after raising its full-year outlook.

@TheInvestingIguana : Profit almost trebled and still missed forecasts off a low base, so the S$1.25 billion deserves more attention than the word "trebled".

@ynwa : I'm still not too concerned just yet, as the broader banking story remains intact.

🇭🇰 HK/China — Three-Day Run Snaps

🔑 Key Event: The $Hang Seng Index(00HSI.HK) is down about -0.3% near 23,455 this morning after Tuesday's +0.57% close at 23,525.97, its third straight gain. $BABA-W(09988.HK) is down about 2% and $TENCENT(00700.HK) about 1%.

@Fattycat : The current short-term dip did not change my view. I still believe Tencent's AI investment push and long-term growth story remain intact.

🌎 Other to Watch

• 🛢️ Oil → Brent settled at $103.60 on Tuesday, its lowest since 7 October, and slips further this morning amid mixed US-Iran signals.
• 🪙 Gold → edged up to about $3,935 this morning, still below $4,000, as traders price about a 79% chance of a December Fed hike.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Nov 4, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏