☕️ [Task Coins Giveaway] Daily Market Talk — Nvidia Sinks After Hours on Report Board May Oust CEO

$NVIDIA(NVDA.US) closed +2.87% but sank after hours on a report its board may oust its CEO. Chips ripped, with $Micron Tech(MU.US) up 12%. At home, SIA paid a special dividend. Let's dig in 👇

💬 Nvidia: buy the dip or wait for the board's decision?

📊 Quick Recap — What Moved & Why

🇺🇸 US: Nvidia's Board Weighs a CEO Change

🔑 Key Event: Nvidia closed +2.87%, then sank after hours when the Wall Street Journal reported its board is preparing to replace CEO Jensen Huang. The stock's next move rests with the board.

@Gene Munster : AI infrastructure customers will act in their best interest… they’ll keep buying just as many NVDA chips with or without Jensen.

👀 Other to Watch

• $Dow Jones Industrial Average(.DJI.US) +0.49%, $S&P 500(.SPX.US) +1.31%, $NASDAQ Composite Index(.IXIC.US) +1.60%, all before the Nvidia report.
• Chips → $Micron Tech(MU.US) +11.89%, $Sandisk(SNDK.US) +13.69%, $AMD(AMD.US) +7.32% as CoreWeave revived the AI trade.

@NewUser_OLAl4 : The rebound is a reminder that sentiment around AI remains a major market driver.

• $Coreweave(CRWV.US) → +24.71% after raising guidance; it plans at least $4B in investment-grade loans.
• $Sea(SE.US) → -3.66%, extending its post-results slide as margin worries outweighed 43% sales growth.

@FaithAnchor : Can SEA keep growing without hurting its margins?

🇸🇬 Singapore: SIA Pays Up Despite a Fuel-Hit Half

🔑 Key Event: $SIA(C6L.SG) posted record first-half revenue of S$11.3B, but net profit fell 43.9% on fuel costs, though Q2 profit rebounded to about S$210M. It still declared 7 cents in dividends, including a 5-cent special.

@Fattycat : Do you think SIA can maintain this strong Q2 recovery?

👀 Other to Watch

• $FTSE Straits Times Index(STI.SG) closed +0.59% at 5,289.66 Wednesday, a second straight gain, and is edging lower near 5,280 this morning.
• Banks → $UOB(U11.SG) about +0.7% and $DBS(D05.SG) +0.2%, but $OCBC Bank(O39.SG) -1.1% this morning as the STI dips.

@JPJP : I think I will just hold onto my existing position and wait for next opportunity.

• $SGX(S68.SG) → about -0.6% this morning even as October turnover rose 32% from a year ago.
• REITs → $Lion-phillip S-Reit(CLR.SG) is steady this morning after Wednesday's -1.16%, its second straight decline.

🇭🇰 HK/China: Hang Seng Extends Its Slide

🔑 Key Event: The $Hang Seng Index(00HSI.HK) is down about -1.1% near 24,050 this morning, with tech leading losses, after Wednesday's -0.98% close at 24,315.92. $BABA-W(09988.HK) slipped back below HK$100, about -2.6%.

👀 Other to Watch

• $TENCENT(00700.HK) → about -1.2% this morning, extending Wednesday's -1.96% drop.
• AI models → $Z.AI(02513.HK) about -2.2% and $MINIMAX-W(00100.HK) -1.6% this morning, giving back recent gains.

🌍 Global/Macro

• 🇺🇸 Fed → Goldman, Nomura and Deutsche Bank raised their Fed hike forecasts; markets fully price a December hike.
• 🪙 Gold → slipped below $4,000 as hike bets lifted the dollar, and sits near it this morning.
• 🇺🇸 Anthropic → its IPO is reportedly oversubscribed several times, though reports differ on valuation.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Nov 12, 11:59 PM SGT

Not investment advice, just market talk 🙏