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$Oracle(ORCL.US) The biggest bull case for Oracle is also the same reason many investors are skeptical. The company has a $638 billion remaining performance obligation, which represents the contracted future revenue its customers have committed to. For FY2027, Oracle is guiding for $90 billion in revenue, which is significantly higher than FY2026 $67 billion. However, many investors are also worried about the massive backlog. Half of the backlog comes from a single customer - OpenAI. That company recently delayed its IPO, which added to major concerns about its ability to meet its obligations. In addition, Oracle is not only spending all of its income to set itself up to fulfill its backlog but is also taking on debt. @Captain's Treasure

STI's winning streak is over (for now) as our local market reacts to overall broad selling of chips and other overvalued momentum stocks. Bank stocks are still on the high side following the run up over the past weeks. Meanwhile, Netflix's earnings call showed us that having solid result is never enough, Wall Street wants exceptional guidance.

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🥉 France

$Netflix(NFLX.US) Netflix dropped by 10% following mixed Q2 financial results, reporting earnings per share of $0.80, surpassing the $0.79 forecast, but missing revenue expectations at $12.56 billion. The company lowered its 2026 revenue guidance to between $51 billion and $51.4 billion, from previous estimates, while anticipating a 12% revenue growth for Q3. Netflix plans to reduce reporting of its engagement metrics, now offering viewership data once annually starting in 2027, while still aiming to double advertising revenue to $3 billion this year. The earnings call highlights potential to reel in more subscribers while expanding its ad revenue throughout the rest of the year heading into 2027. I do think the drop is an overreaction fuelled by overly inflated expectations. @Captain's Treasure

$Apple(AAPL.US) Apple is seeking to acquire semiconductor startups to enhance its AI server capabilities, as it aims to compete more effectively with other tech giants. The company has been in discussions with investment bankers regarding potential acquisitions to address performance limitations with its in-house M2 microchips. This shift marks a change in Apple's historical reluctance toward large buyouts, demonstrated by its recent $2 billion acquisition of Q.ai, underscoring its urgent need for advanced technologies. Besides, this strategic move also proves that Apple is trying to reduce its reliance on powerhouse Nvidia, targeting long term chips self sustainability. @Captain's Treasure

Bank stocks continue the rally without any signs of stopping. Even when market opened lower yesterday, our 3 local banks managed to turn the tide and lead the reversal to eventually close higher for the day. I believe this is great for long term investors, but at the same time also expect the prices to drop back down in October when the trading board size decreases to increase trading volume.

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$Palantir Tech(PLTR.US) Palantir Technologies has recently garnered attention following strategic partnerships with NVIDIA and Surf Air, focusing on enhancing AI capabilities for U.S. government applications and expanding SurfOS products. Analysts maintain a positive outlook for Palantir, with a consensus Buy rating and an average price target of $187.42, reflecting recent upgrades from multiple firms. However, bar any magnificent breakthrough or partnerships, I don't think Palantir will spike back to its ATHs of $190 anytime soon. The best case scenario is for it to consolidate and edge higher slowly, I personally targeting a $150 in the next 3 months. @Captain's Treasure

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What a wild swing in Asia markets as majority opened lower this morning before reversing towards the end of the session. STI surprisingly managed to edge even higher despite being down 0.9% at the open, with local banks heading the swing. Even memory and chip stocks look to have rebounded pre market.

$Oracle(ORCL.US) Oracle stock has dropped approximately 33% since its June earnings report, despite strong revenue and earnings figures driven by AI cloud demand. The decline is attributed to a projected $95 billion in capital expenditures for fiscal 2027 and concerns about rising debt and profitability pressures. Investor Steven Fiorillo argues that this selloff overlooks long-term earnings potential from Oracle's AI investments, predicting a significant upside as new infrastructure starts generating revenue. The drop continues further with the escalation of US-Iran war, though I see this as an opportunity to lower my cost. @Captain's Treasure

SG stocks held up pretty well despite the closure of Hormuz, with the STI only retracing by about 0.1%. Despite analysts stating that a FED pause could help stabilise Singapore reits as the market prices in the hawkish position, I do think that these reits would still slide more when the FED does announce a rate hike eventually. In fact, dividend distribution for some reits has already been falling ever so slightly.

$NVIDIA(NVDA.US)Nvidia executives, including CEO Jensen Huang, recently addressed investor concerns at a non-deal roadshow hosted by Morgan Stanley, confirming that growth is accelerating as revenue nears $100 billion. The company firmly denied rumors regarding delays in its Rubin Ultra architecture and emphasized that both Nvidia and cloud providers' self-developed ASICs can coexist and grow together.

Nvidia detailed its diversified growth strategies across three major tracks: AI laboratories, traditional cloud providers, and emerging AI infrastructures, while announcing plans to allocate over 50% of future cash flow to share buybacks and dividends. With a forward P/E ratio of only 18, perhaps this is one of the undervalued stocks that people are passing up to chase after hype.@Captain's Treasure

$Apple(AAPL.US) Apple has filed a lawsuit against two former employees and OpenAI for trade secret misappropriation and breach of contract. The complaint alleges that the former employees exploited confidential information to benefit OpenAI’s hardware ambitions, including accessing Apple’s systems and using proprietary information to recruit workers. Apple seeks to halt the misuse of its trade secrets and recover damages, claiming OpenAI's hardware operations rely on stolen information. Reports suggest that OpenAI instructed former Apple employees to bring trade secrets to interviews to secure job positions. If true, this would not be the first time OpenAI is facing backlash for unethical operations. @Captain's Treasure

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$Netflix(NFLX.US) There are reports coming out to say that Netflix is interested and sizing up a bid to purchase Letterboxd. Letterboxd, founded in 2011, has been shopping itself to interested parties in recent months. The app and website (which also recently launched an online video-rental service) is majority-owned by Canadian holding company Tiny, which acquired a 60% stake in Letterboxd in 2023 at a valuation of $50 million-$60 million. If true, I won't be surprise as Netflix has been trying to complete a M&A for months now. With the earnings coming up in 2 weeks, I would be interested to hear more about their long term planning. @Captain's Treasure