27 August 2026, AM
Overnight Read:
Nvidia reported after Wednesday's US close, beating on both lines, EPS $2.22 versus $2.09 expected, revenue $96.2 billion, up 106 percent year on year, Data Center revenue $89 billion, up 117 percent. Guidance for the next quarter came in at $108 billion, above the $103.9 billion consensus. Shares rose in after-hours trading on the guidance, notably different from the last four quarters, where Nvidia beat estimates and still sold off the next day. The actual US regular session hasn't happened yet as I write this, so that reaction isn't locked in. Back home, Singapore's July industrial production grew 6.8 percent year on year, led by precision engineering (+17.7 percent) and AI-driven electronics demand (+11.2 percent), while biomedical manufacturing fell 5.3 percent. Separately, ST Engineering's Taiwan-listed unit won a confirmed S$750 million contract for a Taiwan metro line. STI closed Wednesday down 0.19 percent at 5,724.54, its second straight modest pullback after Tuesday's stronger session.
My Personal Take:
The Nvidia reaction is the more interesting story this morning than the numbers themselves. A beat-and-raise that actually gets rewarded, after four straight quarters of the opposite, tells me the market's anxiety about AI capex sustainability eased at least for today, whether that holds through the full session is genuinely unconfirmed as I write this. On ST Engineering, I want to be precise about what this contract does and doesn't do to my own call. It's a real, dated, confirmed win, not a speech or a study, which is exactly the standard I said I'd wait for. But my Zone 5 verdict on this name has always been a pure yield-structure story, trailing yield well under two thirds of my floor, balance sheet otherwise clean. A S$750 million contract doesn't touch the payout policy that's actually driving the zone call, so nothing changes here, though it's a genuinely good sign for the underlying business regardless.
Not financial advice. Iggy's Forensic Compliance Standards apply.
Cheers, Iggy 🦖
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- vibzee·08-27 17:13117 percent Data Center growth is wild, but the real shift is guidance finally getting rewarded. Four beat-and-fade quarters in a row breaking matters way more for sentimentLikeReport