---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — AMD Revives the Chip Trade"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000969028.md"
description: "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 i..."
datetime: "2026-11-04T02:54:29.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000969028.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000969028.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000969028.md)
author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [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

| When (SGT) | What |
| ---------- | ---- |

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨  
🚫 No duplicates · ⏰ Deadline: Nov 4, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏

### Related Stocks

- [AMD.US](https://longbridge.com/en/quote/AMD.US.md)
- [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)
- [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md)
- [ANET.US](https://longbridge.com/en/quote/ANET.US.md)
- [SMCI.US](https://longbridge.com/en/quote/SMCI.US.md)
- [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md)

## Comments (38)

- **supershao · 2026-11-04T16:11:28.000Z**: 🎉
- **NewUser_zS0M8w  · 2026-11-04T14:55:30.000Z**: Chips company are mixed right now, with AMD, SMCI up in share price after beating earnings while others like Nvidia and TSM are down slightly. Most of the other names are also rebounding after Midterms results are officially out. Let's see if this upwards momentum can last
- **NewUser_hCn26 · 2026-11-04T13:43:54.000Z**: AMD’s blowout 97% Data Center revenue surge and strong Q4 guidance signal a structural recovery rather than a temporary relief rally. The beat confirms enterprise AI accelerator demand remains robust, clearing overhangs and signaling the chip selloff is bottoming.
- **NewUser_CkrdqW  · 2026-11-04T11:25:37.000Z**: The tables have turned quickly after US confirms its midterms results. As expected, Democrats won comfortably and the markets were down temporarily as fears for future policies holding back on spending on AI/data centres. However, pre-market currently shows a different picture. Most of the stocks ar
- **supershao · 2026-11-04T10:59:58.000Z**: 👍👍👍
- **Shyon · 2026-11-04T10:31:14.000Z**: I see $AMD(AMD.US) strong results as a positive sign that AI demand remains healthy, especially with revenue growth and forward guidance beating expectations. However, I would not rush to declare the semiconductor selloff over just yet. The recent rebound could still be a relief rally, with valuatio
- **Ally · 2026-11-04T09:47:57.000Z**: Good to see the chips and AI stocks rebounding slightly. Looking forward to the upcoming bank results, as I hold both DBS and OCBC
- **Vt3 · 2026-11-04T09:45:16.000Z**: 📌🇺🇸 Democrats won House 🇺🇸
- **User12200 · 2026-11-04T08:53:45.000Z**: 👍
- **Vt3 · 2026-11-04T08:14:30.000Z · 👍 1**: 📌🇺🇸🇸🇬 last session beat up sg beat down, later just merely watch and no action is really needed this stage ! As said up and down they simply take turn!
  - **Vt3** (2026-11-04T08:16:09.000Z): Pull back and push back later
- **Valenxis · 2026-11-04T07:42:25.000Z · 👍 1**: Democrat flipped and won both House and Senate, uncertainty over mid term election is over. market seems recovering but is it a dead cat bounce? going forward democrats has many things to do to scrutinise DT's govt and power. more uncertainty ahead?
- **Fattycat · 2026-11-04T07:05:20.000Z · 👍 1**: 3 white soldiers ( bullish reversal, 3 green bullish candles in a row). Strong buy momentum now ☺️☺️
  - **The** (2026-11-04T07:08:58.000Z): Strong buy for AMD?
  - **Fattycat** (2026-11-04T07:16:39.000Z): Not financial advice, my own opinions, based on HTF, it is very bearish. Unless it close above 520 this week. Difficult to tell now as better than expected results and US midterm elections fever may h
  - **The** (2026-11-04T07:18:57.000Z): Currently, I have other stocks to hold. And for this news, I am trying to understand when to buy. So, cannot buy yet.
- **The · 2026-11-04T06:40:03.000Z · 👍 1**: AMD, S&P 500, Nasdaq Composite Index, Nvidia, Micron Texh, Sandisk, Arista Networks, Super Micro Computer, and Grab US stocks increase.However, local stocks fall. Hang Seng Index Hong Kong stocks slightly rise. Oil and gold prices decrease due to mixed US-Iran signals.Will the lower oil price im
- **Skywind · 2026-11-04T06:32:03.000Z · 👍 1**: Hopefully DBS earnings report tomorrow will be good!
- **NewUser_ThinkSwim · 2026-11-04T06:30:11.000Z · 👍 1**: Both DBS and OCBC shares have dropped from high and are going into the demand zone. For those interested it might be a good time to DCA slowly into the stocks and have a long term duration of owning the stocks (5 to 10 years+). Not financial advice
- **TheRaccoonAnalysis · 2026-11-04T06:19:52.000Z · 👍 1**: Gold’s rebound reflects a different market dynamic. Early Democratic gains in the midterm elections coincided with a weaker US dollar and declining Treasury yields, supporting demand for the non-yielding metal. Political uncertainty and ongoing US–Iran tensions also provided a safe-haven incentive. 
  - **Fattycat** (2026-11-04T06:40:39.000Z): Yes. Gold is above $4k now. Good sign 👍😁
- **TheRaccoonAnalysis · 2026-11-04T06:18:50.000Z · 👍 1**: AMD’s strong results reinforce the resilience of AI-related semiconductor demand. Revenue growth of 45% and a $17 billion quarterly forecast above expectations suggest that hyperscaler and data-centre spending remains supportive, easing concerns about an imminent slowdown in AI investment. The posit
- **Nineteen · 2026-11-04T06:17:05.000Z**: AMD!
- **ShortWalk · 2026-11-04T06:10:24.000Z · 👍 1**: I think SG market will dip further as the Banks dips after Q3 earnings.
- **shibatoshi · 2026-11-04T06:01:22.000Z**: Wew


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