---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — Meta Enters the Cloud War"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000772249.md"
description: "Q3 opened with a split screen. Meta popped as much as +10% on a plan to sell its excess AI compute, basically declaring war on AWS and Azure, while memory chips got torched: Micron -8%, SanDisk -10% o..."
datetime: "2026-07-02T03:08:57.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000772249.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000772249.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000772249.md)
author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [Task Coins Giveaway] Daily Market Talk — Meta Enters the Cloud War

Q3 opened with a split screen. Meta popped as much as **+10%** on a plan to sell its excess AI compute, basically declaring war on AWS and Azure, while memory chips got torched: **Micron -8%, SanDisk -10%** on a DRAM price-fixing suit and a hawkish Warsh. Alibaba settled its US probe for $600M, and the June jobs report drops tonight. Let's dig in 👇

## 📊 Quick Recap — What Moved & Why

### 🇺🇸 US — Meta's Cloud Bomb vs a Memory Meltdown

**🔑 Key Event:** Indexes slipped to open Q3 after the best quarter since 2020. 📉 **Dow 52,305 -0.03%, S&P 500 -0.22%, Nasdaq -0.66%.** The story was **Meta (META) +8.8%** (close, ~$613; intraday as high as +10%) on a Bloomberg report it's building a cloud business to rent out spare AI compute, going head-to-head with Microsoft, Amazon and Google. That one mega-cap pop is why the Nasdaq only slipped even as chips got crushed. The read-through cut both ways: the neocloud names cratered on fear Meta turns from customer into rival.

**👀 Other to Watch**

-   **Micron (MU)** -8% & **SanDisk (SNDK)** -10% → memory reversed hard on a **DRAM price-fixing class action** (Micron/Samsung/SK Hynix) plus Warsh offering zero dovish relief. Semis ETF (SMH) -4.7%.
-   **CoreWeave (CRWV)** -10.8% & **Nebius (NBIS)** -12.4% → collateral damage from Meta's cloud news, since Meta is a key neocloud customer.
-   **Super Micro (SMCI)** -5.73% → slid with the hardware names, then ticked **+1.9% after hours** on a customer letter.
-   **Caterpillar (CAT)** -6.9% → the market finally reacted to Michael Burry's short from earlier this week, its biggest drop since last April.

### 🇸🇬 Singapore — Money's Coming Back In

**🔑 Key Event:** The comeback is real. June drew **\~S$611M in net institutional inflows** (financials led with ~S$683M per SGX Research), reversing over 40% of the prior five months of outflows. STI is up 2.6% on the month and sits just off its 23 Jun record of **5,241.80**, with an H1 total return around **13.7%**.

**👀 Other to Watch**

-   **Singtel (Z74)** → CEO pay cut **16.9% to S$6.8M** over the Optus outage, even as net profit jumped **40% to S$5.6B**. Accountability optics in action.
-   **DBS (D05)** → rolling out agentic AI that cuts wealth-advisory prep from 2-3 hours to 10-15 minutes, expanding adviser capacity rather than replacing them.
-   **UOB (U11)** → teaming with NUS on quantum computing to price complex derivatives faster than Monte Carlo methods.
-   **Grab (GRAB)** → completed its acquisition of Stash, another bolt-on for the fintech stack.
-   🏠 Q2 flash: private home prices +0.5%, HDB resale -0.3% (second straight dip, first back-to-back in ~7 years). Office rents still climbing on AI-firm demand.

### 🇭🇰 HK/China — Reopens Today After the Holiday

**🔑 Key Event:** HK cash market was **shut July 1** for SAR Establishment Day and reopens today, but US-listed China names ran overnight, with the ADR complex reportedly up ~2.9% and PDD around +8%. **Alibaba (BABA)** agreed to a **$600M US settlement** with the DOJ over illegal-product sales, finally clearing a long-running overhang.

**👀 Other to Watch**

-   **Anker Innovations (0668.HK)** → makes its **HKEX debut today** at HK$99.32, raising ~HK$4.63B, with the HK tranche oversubscribed ~27.6x. A-to-H demand stays hot.

### 🌍 Other

-   🏦 **Fed:** Warsh said inflation is still "too high" but has cooled over the past four weeks; no forward guidance, QT unchanged. Rate-cut odds stay slim.
-   📅 **Jobs night:** June nonfarm payrolls land tonight (cons. ~110-130k; May was +172K, unemployment 4.3%), setting the tone into the long US July 4 weekend.

## 📅 Key Events Tonight / This Week

-   🇺🇸 June Nonfarm Payrolls · tonight ~20:30 SGT (Jul 2)
-   🇺🇸 Weekly Jobless Claims · tonight (Jul 2)
-   🇭🇰 Anker Innovations HKEX trading debut · today (Jul 2)
-   🇺🇸 US stock and bond markets closed for Independence Day · Fri Jul 3
-   🇸🇬 Watch for more S-REIT distribution updates into mid-July

**💬 Memory chips just reversed hard, Micron -8% and SanDisk -10% on a DRAM price-fixing suit, while Meta's cloud pivot ran +10%. Is this a semis dip worth buying, or the first real crack in the AI trade?**

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨  
🚫 No duplicates · ⏰ Deadline: July 2, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏

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## Comments (16)

- **Dacai · 2026-07-02T15:14:29.000Z**: The market is so volatile right now. Yesterday, my local tech stocks were still doing fine. Today they plunged again. Is it because of the DRAM price fixing class action suit or just a response to the likelihood of interest rate hikes?
- **Tiffany lover · 2026-07-02T11:16:25.000Z**: Singapore stocks rose on Thursday, despite mixed regional performance; the FTSE Singapore Straits Times Index gained 1.1%.The rise of the STI has become a stable trend, which is undoubtedly a healthy and stable development process for the Singapore stock market.People impacted in the US stock market
- **Fattycat · 2026-07-02T07:59:33.000Z**: Oh my god. Usdjpy dropping now and before June non‑farm payrolls and weekly jobless claims. 🤭…..
- **NewUser_oPJWOU · 2026-07-02T07:20:37.000Z**: The STI remains in consolidation territory as it withstood the support levels pretty well. Local bank stocks are still on the rise slowly, while other blue chip companies like SIA & Singtel are also recovering. The returns for local market is worth noting for its great performance in the last fe
- **TheRaccoonAnalysis · 2026-07-02T06:57:07.000Z**: Markets started Q3 slightly lower after their strongest quarterly performance since 2020, with broad indexes retreating modestly. Meta stood out, surging on reports it may enter the AI cloud infrastructure market by renting excess computing capacity. While the move supported sentiment around large-c
- **dingdongbell · 2026-07-02T06:53:48.000Z · 👍 1**: The market is so indecisive and the short term money is just chasing momentum looking at how capital keeps rotating around. Once these ‘traders’ are shaken out, then will the market go higher.
- **Heroic Lifesaver · 2026-07-02T06:50:00.000Z**: Imagine A buying coffee beans from B and C for itself and then decide to sell the same coffee beans to others when it realised it actually can make money from the beans that it does not need (for now). Suddenly A is worth more than B and C? Haha….the market is irrational.
- **Victor y · 2026-07-02T05:38:58.000Z · 👍 1**: Recent pullback in memory chip stocks appears to be more of a healthy correction than an indication that the AI boom is losing momentum. While legal concerns and profit taking have pressured semiconductor names, Meta's continued expansion into AI cloud services reinforces the view that demand for AI
- **NewUser_CkrdqW  · 2026-07-02T04:55:54.000Z · 👍 1**: The memory hype would more likely than not continue for a period of time. Supply bottleneck is not something that can be easily solved within weeks, especially with more demand coming in. However, I believe the memory companies have been overhyped, with traders trying to capture the best selling poi
- **Fattycat · 2026-07-02T04:47:22.000Z · 👍 3**: Fed Chair Warsh is advising Wall Street to stop looking to the Fed for interest rate clues and focus instead on real economic data.As a result, tonight June non‑farm payrolls and weekly jobless claims will carry extra weight. Trade wisely as I expect markets to react closely. Keep a close watch! Che
- **win win · 2026-07-02T04:03:23.000Z · 👍 2**: META, last night META up 8.8%, when it share price dropped below $600, a lot of market noise out there, now the price went up in just one night, don't know how to invest
  - **Nicky ** (2026-07-02T04:20:10.000Z): honestly nobody can trade moves like that, dont sweat it. i just hold what i believe in n ignore the daily swings.
- **Crazy rich · 2026-07-02T03:49:06.000Z · 👍 2**: S$611m back into SGX in June and financials leading the buying, no wonder STI holding near the record. DBS still my biggest position. anyone adding banks up here or waiting for a pullback after this run?
- **Bluegate1104 · 2026-07-02T03:38:54.000Z · 👍 2**: i'm not chasing anything into tonight's jobs print. Warsh made it pretty clear rates aren't coming down, and a hot number could hit the whole AI-infra trade again. keeping powder dry, the memory dip can wait.
- **Fair_Lemon5303 · 2026-07-02T03:28:18.000Z · 👍 1**: memory getting smoked again but a price-fixing lawsuit doesn't kill HBM demand lah. added a bit of MU under 1080, this is the kind of dip i been waiting for. risk is if warsh really goes higher for longer 😅
- **LazyCat · 2026-07-02T03:26:37.000Z · 👍 3**: with regards to memory getting torches, I have written 6 days earlier that the "piranhas will have a good time feasting till the next deep seek moment".... now we get to see the robustness and steadfastness of the memory trade.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**