☕️ [Task Coins Giveaway] Daily Market Talk — Jensen Huang Resigns as Nvidia CEO

Jensen Huang resigned as $NVIDIA(NVDA.US) CEO, and the stock closed down 4% while $AMD(AMD.US) rallied. At home, Singtel's core profit rose 10% and DBS trades ex-dividend. Let's dig in 👇

💬 Nvidia without Jensen Huang: buying the dip, or switching to AMD and Broadcom?

📊 Quick Recap — What Moved & Why

🇺🇸 US: Jensen Huang Steps Down at Nvidia

🔑 Key Event: Nvidia closed -4.34%, after a 14% intraday drop, as CEO Jensen Huang resigned; CFO Colette Kress is interim CEO while the board seeks a successor. Retail investors bought the dip at a record pace.

@ShortWalk : There are certain risks if Jensen is taken out of the leadership. However, with existing business, they may still thrive.

👀 Other to Watch

• $Dow Jones Industrial Average(.DJI.US) -0.36%, $S&P 500(.SPX.US) -0.35%, $NASDAQ Composite Index(.IXIC.US) -0.39% as the Nvidia exit and rising yields weighed.
• Rivals → AMD +5.86% and $Broadcom(AVGO.US) +5.54% as investors rotated away from Nvidia.

@dhighstakes : Chips demand is not receding in the next 1-2 years. Demand is still strong amid shortages.

• $Nebius(NBIS.US) → -16.84% despite a Q3 beat, as it trimmed its 2026 revenue outlook and lifted capex to $27B.
• $Tesla(TSLA.US) → +1.69% after Bloomberg reported a SpaceX merger could come as soon as December.

@Tesla bot bot : Will we get a TSLA and SpaceX merger announcement before the Dec 3 Tesla shareholder meeting? My odds: 35%.

🇸🇬 Singapore: Singtel Core Profit Climbs 10%

🔑 Key Event: $Singtel(Z74.SG) said first-half core net profit rose 10% to S$1.49B on Optus and regional associates, though reported profit fell 55% on fewer one-offs. Shares are up about +0.7% this morning.

👀 Other to Watch

• $FTSE Straits Times Index(STI.SG) closed -0.13% at 5,282.70 Thursday and is down about -0.9% this morning as DBS goes ex-dividend.
• Banks → $DBS(D05.SG) trades ex-dividend today for its S$0.81 payout, while $OCBC Bank(O39.SG) slips about -1.0%.

@Gweet : Holding steady for dividends and I will keep holding till price is above my initial buying cost!

• REITs → The FTSE ST REIT index fell -0.20% Thursday as industrial and logistics REITs led losses.

🇭🇰 HK/China: Alibaba Drags the Hang Seng

🔑 Key Event: $BABA-W(09988.HK) sank -6.76% Thursday as it pushed a chip-unit spinoff and Singles' Day sales grew 4.8%, dragging the $Hang Seng Index(00HSI.HK) -1.26% to 24,008.55. The index is down about -0.6% this morning.

👀 Other to Watch

• $TENCENT(00700.HK) → about -2.2% this morning, extending Thursday's -2.64% slide ahead of next week's results.

🌍 Global/Macro

• 📉 Yields → The 10-year Treasury yield hit about 5.14%, a three-week high, as bets on a 50bp December hike rose to about 15%.

@Fattycat : Honestly, the market has already priced in the upcoming rate hike. Gold, cryptocurrencies and REITs are taking the brunt of this rate‑hike cycle.

• 🪙 Gold → fell about 3% Thursday to below $3,900 as the dollar rallied, and is steadier this morning.
• 🛢️ Oil → crude jumped about 3% after Trump said the US doesn't need a deal with Iran.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Nov 13, 11:59 PM SGT

Not investment advice, just market talk 🙏