Shyon

I see Nvidia’s move as a major evolution. It’s no longer just selling GPUs — it’s helping build the financing ecosystem behind AI infrastructure. The $500B target is ambitious, but Wall Street’s involvement shows how seriously the market views AI capex.

For me, the bigger picture remains bullish. TSMC’s 44.7% July revenue growth confirms strong AI chip demand, while Singapore’s GDP upgrade shows the impact spreading globally. I’m also watching COHR and LITE closely after their recent pullbacks.

I remain constructive on AI infrastructure, but more selective after the huge rally. Nvidia remains a high-conviction name for me, while LITE, CRWV and SMCI earnings could provide useful confirmation. I’d rather build on pullbacks than chase momentum.

The weak US jobs report is probably the biggest thing I’m watching. Payrolls unexpectedly fell by 23,000, yet the S&P 500 and Nasdaq both hit record highs as investors bet weaker employment gives the Fed more room to cut rates. For now, “bad news is good news” seems to be back, but upcoming CPI and PPI data will be key to confirming the story.

In Singapore, I’m impressed by the STI’s 9th straight weekly gain, with DBS continuing its post-earnings rally. I’m paying less attention to headline profit beats and more to guidance, fee growth and management’s outlook. With the market closed today for National Day observed, I’ll be watching how banks and the STI perform when trading resumes tomorrow.

Looking ahead, CoreWeave, Tencent, CPI, JD.com and SMIC are high on my watchlist. After the big AI rally, I think the market will demand more than strong headline numbers — orders, customer demand, capacity and forward guidance will matter even more. I’ll be watching for the companies that can genuinely beat elevated expectations.

I agree with the first point — the infrastructure buildout clearly hasn’t disappeared; if anything, we’re still in the middle of a massive AI infrastructure cycle. The key bottleneck is increasingly shifting toward essential components like memory, where demand from AI servers, data centers and accelerated computing remains strong while supply takes time to catch up. That’s also why I’m still constructive on the memory theme despite the recent pullback. On the 2x SNDK point, I completely agree that leveraged products require extra caution around earnings because the daily reset and volatility drag can work against you, especially during big price swings. Personally, I’d rather manage the position size and avoid getting overly aggressive into earnings than rely purely on getting the direction right.

I remain more confident in Singapore's banking sector than the recent retail-driven rally in SpaceX. I currently hold a 5x leveraged long position on SGX-listed bank exposure, and the strong earnings from DBS, OCBC, and UOB reinforce my bullish view. The STI's gains are supported by solid fundamentals, healthy profits, and consistent shareholder returns.

SpaceX's rally despite its massive lock-up expiry was impressive and reflects strong long-term investor confidence. However, I expect it to remain much more volatile than Singapore banks, so I prefer treating it as a long-term investment instead of chasing short-term momentum.

The recent selloff in Micron, Western Digital, and SanDisk hasn't changed my outlook. I see this pullback as an opportunity to accumulate quality semiconductor names at better valuations while staying patient and focused on long-term fundamentals.

This week, I'm focusing more on SpaceX than DBS. DBS posted record profit and crossed S$6 billion in total income, confirming the strength of its business. But SpaceX's earnings gave investors a clearer picture of where the AI investment cycle is heading.

The market punished SpaceX for its huge AI capex, but I see it as a long-term investment. With Elon Musk doubling down on Nvidia-powered AI infrastructure, it reinforces my view that AI spending is far from over, even if near-term profits come under pressure.

That's why I remain positive on the semiconductor and AI infrastructure theme. The recent pullback hasn't changed my conviction—I see it as an opportunity to continue building positions while sentiment stays cautious.

When I was young, one of my earliest National Day memories was decorating my bicycle with two small Singapore flags—one tied to the front and another at the back. I would happily ride around the neighbourhood feeling incredibly proud, as if I was part of the National Day Parade myself. 😄

I still remember how the flags fluttered in the wind as I cycled. It was such a simple thing, but back then it made National Day feel so special. I didn't think much about what it meant at the time—I just knew I loved seeing the red and white everywhere and wanted to show my excitement too.

Looking back now, it's funny how those small moments stay with us more than the fireworks or performances. Every time National Day comes around, that childhood memory of riding my bicycle with those little flags still brings a smile to my face. Happy National Day, Singapore! 🇸🇬

I think the market's reaction to SpaceX $SpaceX(SPCX.US) is understandable, but I see the massive capex as the cost of building long-term competitive advantages rather than a red flag. Launch capacity, Starlink expansion, and next-generation infrastructure all require enormous upfront investment before they translate into stronger cash flow.

To me, this earnings season is sending a consistent message. Companies that can prove AI and infrastructure spending will generate future returns will continue to attract capital, while investors are becoming much more sensitive to execution and profitability. Short-term volatility is likely to remain high as expectations rise.

I remain constructive on the long-term outlook for SpaceX. If management can demonstrate that today's heavy investment leads to faster revenue growth, improving margins, and stronger free cash flow over the next few years, I believe the current pullback could eventually look more like an opportunity than a warning sign.

I picked DBS. In my view, it still has the strongest combination of earnings resilience, capital return potential, and investor confidence among the three local banks. While lower interest rates may put some pressure on net interest margins, I believe DBS's diversified income streams and disciplined execution will help it deliver the strongest share price performance this week. I'm staying with DBS as my pick.

The market is rewarding companies that can turn AI spending into real revenue and cash flow. That's why I'm continuing to build positions in names like ARM, ServiceNow, Nvidia and Palantir. While valuations remain elevated, I believe earnings growth will continue to justify the premium.

The recent pullback in memory stocks looks more like profit-taking than a deterioration in fundamentals. AI demand remains strong, supply is still tight, and new technologies like High Bandwidth Flash strengthen my long-term conviction. I'm happy to keep accumulating quality memory names on weakness.

As for Singapore, DBS will be closely watched this week. I expect solid results, but with valuations already rich, I'd rather deploy fresh capital into AI infrastructure and semiconductor stocks that have corrected and offer better long-term upside.

The market has become much more selective. It is no longer rewarding AI spending alone—it wants clear evidence that AI investment is translating into revenue, margins and cash flow. That's why I think Friday's payroll report will be just as important as earnings, because it could shape expectations for the Fed and overall market sentiment.

Personally, I'm not rushing to add aggressively before the jobs report. I prefer to stay patient and keep some cash available in case volatility creates better entry points. If payrolls come in weaker than expected without triggering recession fears, I think it could support growth stocks and provide another opportunity to add to quality AI names through DCA.

I'm also watching SpaceX's first earnings closely. The stock has already corrected sharply, so expectations are much lower than at its IPO. If management delivers solid execution and gives investors confidence in future growth, I believe sentiment could improve quickly. For now, I'm staying disciplined, focusing on long-term fundamentals instead of short-term market swings.