swq-HengOngHuat

Honestly I'm going with UOB for this one, it just feels like it has the best setup because it reports first on Wednesday so it actually gets the whole week to move unlike OCBC which only gets Friday, and it's also the cheapest of the three right now so people aren't expecting much whereas DBS is the opposite where everyone already expects a great result from wealth and fees so even a good number might not move it much, and after the selloff this week UOB just needs a normal no-drama result where margins hold up, fees are okay and there's no big bad loan surprise, and I think it bounces the hardest, not saying it'll be huge but for a 3-day race UOB makes the most sense to me.

Apple reclaiming the $5T spot while spending less on AI is the story here. Market is rewarding efficiency over brute-force capex. I'll wait for tonight's guidance before buying — if iPhone + Services hold, the chip selloff might be overdone.

US bounce led by $NASDAQ Composite Index(.IXIC.US)$S&P 500(.SPX.US) but Asia not following, $FTSE Straits Times Index(STI.SG) $Hang Seng Index(00HSI.HK) both red shows caution. Fed hike odds <20% helps small caps near term. Focus this week on $NVIDIA(NVDA.US) GTC Berlin + Jensen keynote Wed, China LPR Tue 9am, and $Tesla(TSLA.US) $Netflix(NFLX.US) $Western Digital(WDC.US)earnings. I stay selective, not chasing $Direxion Semicon Bull 3X(SOXL.US).

Memory stocks were the hottest AI trade — Micron up over 200% this year. Yesterday all fell, $108B gone.

Reason is China. Their top memory company CXMT said they made a breakthrough — can make memory cheaper and smaller. If China can make same thing cheaper, prices will fall. That's why Micron, SanDisk, SK Hynix, Samsung all dropped 4-10%.

But this is still early. China not shipping yet, and these stocks already ran a lot so people taking profit. Also Samsung stopped buying its own shares this month, so less support.

For me not end of boom, just a scare. Looks like a chance to buy on dip, but don't go all in at once. For community discussion only, not financial advice.