☕️ [Task Coins Giveaway] Daily Market Talk — AI-Infra Stocks Explode as CoreWeave Surges 19%

AI-infrastructure stocks went vertical Wednesday: $Coreweave(CRWV.US) surged 19.5%, $Super Micro Computer(SMCI.US) jumped about 20%, $Nebius(NBIS.US) soared over 30%, and $Lumentum(LITE.US) climbed 14%, all on earnings that cleared an already-high bar. Elsewhere, US July CPI cooled to 3.4%, but the 10-year Treasury yield still hit its highest level since 2007 on a soft note auction, and Cisco beat on every metric yet still sold off after hours. In Hong Kong, Tencent's own AI-capex surge spooked Chinese ADRs even as US AI-infra names soared on the same theme. Let's dig in 👇

💬 CoreWeave and Super Micro just delivered the earnings beat that AI skeptics said couldn't happen: is the AI-infra trade vindicated, or is this exactly what a bubble top looks like?

📊 Quick Recap — What Moved & Why

🇺🇸 US — AI-Infra Stocks Explode as CoreWeave Surges 19%

🔑 Key Event: AI-infrastructure names extended Tuesday's earnings beats into a full-blown rally Wednesday: $Coreweave(CRWV.US) surged 19.5% after its CEO said the company had reached "an important inflection point," with Oppenheimer reiterating a $150 price target; $Super Micro Computer(SMCI.US) jumped about 20%, $Nebius(NBIS.US) soared around 30% on a revenue surge and a new multi-year compute deal, and $Lumentum(LITE.US) climbed 14% on strong AI-driven demand. $S&P 500(.SPX.US) rose 0.3% to 7,748.50, $NASDAQ Composite Index(.IXIC.US) gained 0.5% to 26,588.49, while $Dow Jones Industrial Average(.DJI.US) slipped 0.04% to 53,770.27.

👀 Other to Watch

• $SK Hynix(SKHY.US) → its US-listed shares rose 9%, riding the same memory and AI-compute wave lifting the rest of the sector.
• $Cisco(CSCO.US) → posted record FY26 revenue of $63.3B and AI infrastructure orders of $9.3B, beating FY27 guidance; shares rose in the regular session but fell about 4.7% after hours, a "sell the news" reaction after a 57%+ year-to-date run.
• $Coherent Corp.(COHR.US) → Q4 revenue rose 34% to $2.05B, beating estimates, with next-quarter guidance implying 45% growth as the company called AI-driven demand "exceptionally strong."
• $Cerebras(CBRS.US) → revenue roughly doubled, but the company's loss badly missed estimates; shares fell 14-16% after hours.
• $WeRide(WRD.US) → Q2 revenue rose 82% to RMB232M, beating estimates, with its net loss roughly flat year-on-year at about RMB400M.
• $Goldman Sachs(GS.US) → agreed to acquire ETF provider Neos Investments for up to $2.25B, adding roughly $32B in options-income ETF assets; the deal is expected to close in early 2027.

🇸🇬 Singapore — STI Snaps Its Record-Setting Streak

🔑 Key Event: $FTSE Straits Times Index(STI.SG) fell about 0.6% to around 5,720 on Wednesday, snapping the rally that had carried it to Tuesday's record close. The index drifted further, down about 0.5%, in early Thursday trade.

@CP : Weak US jobs data is giving the Fed room to cut faster, and that same capital rotation into stable, high-dividend markets is what's carrying Singapore's STI, with DBS as the clearest proxy.

👀 Other to Watch

• $UOL(U14.SG) → H1 2026 net profit rose 23% to S$252.2M, even as revenue fell 7% on lower property-development income; shares rose 2.4% to S$10.17, the STI's top blue-chip gainer Wednesday.

🇭🇰 HK/China — Tencent's AI Capex Spooks Chinese Tech

🔑 Key Event: $TENCENT(00700.HK) Q2 results, released after Wednesday's HK close, showed AI capex surging to RMB51.8B while free cash flow turned negative, and the reaction spread to Chinese tech stocks trading in the US, where the Nasdaq Golden Dragon China Index fell 2.4%, even as the broader Nasdaq rose on the very same AI-infrastructure theme. $Hang Seng Index(00HSI.HK) closed Wednesday down 0.83% at 25,440.17, with $Hang Seng China Enterprises Index(HSCEI.HK) down 0.96%; the index extended losses into Thursday morning.

👀 Other to Watch

• Optical-communication names bucked the tape Wednesday, with HK-listed players rallying 7-9% on the same AI-infrastructure demand lifting their US peers.
• MSCI China Index → added 33 new constituents in its August review, including Zhipu and Buildtop Group, effective after the close of Aug 31; only 2 of the 33 additions are Hong Kong-listed, with the rest onshore A-shares.

🌍 Other

• 🇺🇸 US July CPI cooled to 3.4% year-on-year, a benign print that eased near-term rate-hike fears, but the 10-year Treasury yield still hit its highest level since 2007 after a $42B note auction, reflecting separate concerns about heavy government debt issuance, not the inflation data itself.
• 🇰🇷 Samsung Electronics said it's using Anthropic's Claude to verify chip designs, cutting certain verification tasks from over a month to about two days.
• 🌍 Oil stayed roughly flat, with WTI little changed near $83, as a large US inventory build offset ongoing Middle East supply concerns.

📅 Key Events Tonight / This Week

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🚫 No duplicates · ⏰ Deadline: Aug 13, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏