☕️ [Task Coins Giveaway] Daily Market Talk

Midday update: AMD just blew the doors off — beat AND raised, stock rocketed +15.24% after-hours. The AI capex narrative got nuclear-level reinforcement: OpenAI plans US$50B in 2026 compute and Anthropic committed US$200B to Google Cloud for chips/services. Apple is reportedly considering Intel + Samsung for chip manufacturing, sending Intel +10%. HSBC missed Q1 and dropped −5%, dragging HK financials. Hormuz tensions plus a US "Freedom Initiative" pause whip-sawed Brent (down >$2 after spiking).

💬 Today's 3 Big Questions

AMD +15.24% after-hours, OpenAI committing US$50B to compute, Anthropic locking in US$200B with Google Cloud, SanDisk locked-up >1/3 of FY27 shipments. The AI capex super-cycle is being underwritten in real CONTRACTS now, not just guidance. Is this the inflection where the AI trade re-rates upward another 20%, or peak euphoria signalling the exit? Make the call.
Apple reportedly considering Intel + Samsung for chip manufacturing — Intel rocketed +10%. If INTC actually wins meaningful Apple foundry business, this could be the most asymmetric large-cap turnaround of 2026. Long INTC on the rumor, short TSMC on margin compression risk, or stay sidelined until officially confirmed?
HSBC missed Q1 (−1% YoY pre-tax) and the stock dumped −5%, dragging HK financials. UOB reports tomorrow (May 7), OCBC Thursday. Does HSBC's miss read across to SG banks (NIM compression worse than priced), or idiosyncratic to HSBC's UK retail / Asia mortgage mix? How are you positioning into the SG bank prints?

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📊 Quick Market Recap

🌍 Global Macro & Markets

Brent volatile: spiked on Strait of Hormuz disruption then dropped >US$2 after the US announced a pause to its "Freedom Initiative" operation; oil-market vol widening.
AI capex tape just got concrete: OpenAI plans US$50B for 2026 compute infrastructure; Anthropic committed US$200B to Google Cloud for chip + service procurement.
April US Non-Farm Payrolls Friday (May 8 SGT evening) — biggest macro print of the week.

🇺🇸 US Markets: AMD Blowout + Apple-Intel Rumor Light Up Tech

AMD — Beat top and bottom; raised guidance; stock surged +15.24% after-hours. MI400 ramp commentary plus data-centre share gains delivered. The AI accelerator duopoly narrative is intact.
Intel — Up +10% on reports Apple is exploring Intel and Samsung as additional chip manufacturing partners. Potentially the cleanest large-cap turnaround setup if confirmed.
Apple — Reportedly diversifying chip foundry partners away from sole-TSMC dependence; watch for incremental supply-chain disclosures.
SanDisk — Long-term contract scale keeps expanding: company has locked >1/3 of FY27 shipments, targeting 50%. The clearest signal yet that NAND ASPs and demand visibility have structurally improved.
Palantir — Still digesting yesterday's blowout (revenue +84.7%, NDR 150%, FY26 guide raised to ~US$7.65bn).
OpenAI / Anthropic capex — OpenAI US$50B 2026 compute plan + Anthropic US$200B Google Cloud commitment underwrite hyperscaler revenue visibility through 2027.

🇸🇬 Singapore Markets

📈 STI hovering near 5,000; OCBC Research base-case target 5,250.
Securities and Futures (Amendment) Bill 2026 had First Reading in Parliament — formally enabling the SGX-Nasdaq Global Listing Board (GLB). Framework is now legislation.
HDB Lakeview + Shunfu BTO to launch from June 2026 — first new public housing in these areas in 40+ years; ~1,600 new units total. HFE letter deadline May 15.
March retail sales +4.8% YoY on recreational goods (+13.1%), motor vehicles (+12.9%), tech (+11.9%); food/alcohol (−6%) and department stores (−5.7%) lagged.
Frasers Logistics & Commercial Trust 1H FY26 underlying DPU +11.9% to 2.82 cents on positive AU/EU rental reversions.
Singtel — STT GDC deal (>US$3.9bn for 80%+) advancing; OCBC's S$5.10 fair value remains.
City Developments — strategic review details expected end-June.

🇭🇰 Hong Kong Markets

HSBC — Q1 pre-tax profit −1% YoY, missed expectations; stock dropped −5%, dragging HK financials. Watch the read-across to other HK-listed banks.
Tencent / Alibaba — Reportedly in talks to invest in DeepSeek at >US$20bn (still in play).
SMIC — Q1 earnings due this week.
Watch HK weighted-index banks (HSBC, Standard Chartered) at the open for the contagion read.

📅 Key Events Tonight / This Week

🇺🇸 Disney / CVS / Kraft Heinz / Marriott / Uber earnings — Tonight
🇸🇬 UOB Q1 results — May 7
🇸🇬 OCBC Q1 results — May 8
🇺🇸 April Non-Farm Payrolls — May 8 (SGT evening)
🇸🇬 HDB BTO HFE letter deadline — May 15
🇺🇸 EU auto/truck 25% tariffs effective — Next week
🇸🇬 DBS dividend payment — ~May 20

Disclaimer: For reference only, not investment advice.