Jointly developed by Nvidia and MediaTek, exclusively fabbed by TSMC on 3N: a 20-core CPU + 6144-core Blackwell GPU, the two sharing memory via NVLink, running Microsoft Windows for Arm. Launching this fall, with Dell, Lenovo, HP, Asus, Acer, and Microsoft all on board; initially positioned at the high end, aimed at AI developers, creators, and gamers.

The CPU-to-GPU ratio has shifted from ~1:2 to near 1:1 — a completely different standing. Market-size forecasts have doubled in six months: NVIDIA sees a $200B TAM by 2030; AMD pegs the server CPU market at $120B with its own share above 50%.

The S&P hit new highs but only 4% (21 names) made new highs alongside it. Meanwhile 222 stocks are down more than 20% from their highs, and 109 are down more than 40%. BofA's Bull & Bear Indicator spiked to 8.5, entering extreme-bullish territory and triggering a strong contrarian "sell" signal. Money is pouring into high-yield (HY) and emerging-market (EM) debt, with global equity breadth approaching overbought. The new highs are being carried by a handful of leaders.

1. $Roundhill Memory ETF(DRAM)$ Listed: 2026.4.2 | Today: $60.73 (+0.36%) | Since listing: +119% Theme: AI Memory / HBM / Storage Chips Buying the "current highest-alpha node" of the AI industry chain. Core logic: compute demand from companies like Anthropic is growing 5x faster than storage, making storage the most certain bottleneck right now. Premium HBM capacity is monopolized by three companies — China cannot replicate this.

$NVIDIA(NVDA)$ + $Advanced Micro Devices(AMD)$. Where the AI wave started, where capital concentrated first. Valuations are high. Most retail investors entered late here.

Today welcomes Hari Raya Haji (May 27), and the weekend will also welcome Vesak Day (May 31 - June 1). One side delivers gratitude and sharing, while the other side symbolizes compassion and peace. Different beliefs gather into the same warmth on the island of Singapore.

SpaceX's S-1 discloses that retail brokerage channels will receive a meaningful allocation in the IPO, open to qualified investors. For investors in Singapore, participation in U.S. IPO subscriptions is generally only available to accredited investors, or to non-accredited investors who meet the minimum investment amount requirement of SGD 200,000.

Musk's compensation vesting condition is: "Establish a permanent human colony on Mars with at least 1 million residents." For each tranche, both market cap milestones and the Mars colony milestone must be satisfied simultaneously.

A macro narrative centered around rate cuts suddenly flipping into rate hikes is not a small shift. Hike odds were 18% last week, 36% yesterday, and now effectively 100%. The $US30Y(US30Y.BOND)$ just hit 5.2%, the highest level in 20 years. $XAU/USD(XAUUSD.FOREX)$ are down 4% over the past week, while silver has dropped 14% from recent highs.

The read: Starlink makes money (38.8% op margin). Launch loses money (-16.1%). AI burns the most cash (-198.5% op margin + $12.7B CapEx). Launch revenue barely grew. The growth engine is Starlink.

This Thursday, Starship V3 is expected to launch from Boca Chica, Texas. In the same week, SpaceX’s IPO filing will go public — roadshow on June 4, pricing on June 11, and official Nasdaq listing on June 12 under ticker $SpaceX(IPO001)$ . Meanwhile, $Rocket Lab USA, Inc.(RKLB)$, $Firefly Aerospace Inc.(FLY)$ and $Voyager Technologies, Inc.(VOYG)$ all rallied Monday before pulling back Tuesday.

May is structurally a high-pressure month — end-of-quarter repositioning, late earnings season, summer liquidity compression. The "Sell in May" narrative tends to self-fulfill. But index-level support remains intact — Morgan Stanley just raised its 12-month SPX target to 8,300 (bull case 9,400). The selling is in high-beta names, not the broader fundamental picture.

Large-scale sells ($5M–$25M per trade): $Microsoft(MSFT)$ , $Amazon.com(AMZN)$ , $Meta Platforms, Inc.(META)$ Large-scale buys ($1M–$5M per trade): $NVIDIA(NVDA)$ , $Apple(AAPL)$ , $S&P 500(.SPX)$ index funds New positions: $Broadcom(AVGO)$ , $Oracle(ORCL)$ , $Synopsys(SNPS)$, $Cadence Design(CDNS)$, $Texas Instruments(TXN)$ Financial exposure includes: $Goldman Sachs(GS)$ , $Bank of America(BAC)$, $Citigroup(C)$, $Morgan Stanley(MS)$, $Wells Fargo(WFC)$, as well as multiple municipal bonds.

Plz invest in TSLA as Elon has gained trust!!

My logic today is to wait and see, no rush

1. Fuel: 29% of costs, and oil just gained another 20% Fuel represents approximately 29% of SIA's total expenditure — the largest single cost line. The conversation in early April was about US$100 oil threatening aviation recovery. By late April, $Brent Last Day Financial - main 2607(BZmain)$ hit US$120+, the highest level since 2022. Even with hedging, rolling exposure will show up in the numbers. The full-year picture absorbs a cost base that shifted materially in the back half.

Revenue $200.3M (+63.4% YoY), exceeding Goldman Sachs' expectations by +11.8%; Order backlog $2.22B, single-quarter QoQ +20%, YoY +108%, a doubling; Space Systems revenue +57% YoY, the core engine contributing to the beat. Q2 guidance midpoint $232.5M, exceeding Street estimates by approximately +16%. Neutron maiden flight maintains the 4Q26 schedule. Goldman Sachs maintains Neutral, price target $73 → $76, but the current $117 is 54% higher than the target—whether the valuation is reasonable is the biggest disagreement this quarter.

The Wall Street Journal confirmed the latest additions to Trump's business delegation for the China visit. $Tesla Motors(TSLA)$ CEO Musk, $Apple(AAPL)$ CEO Cook, $GE Aerospace(GE)$ CEO Larry Culp, and $Boeing(BA)$ CEO Kelly Ortberg are all attending.

OUE: Wholly owned subsidiary OUE Treasury on Tuesday proposed to issue S$150 million worth of 3.25 per cent green notes due in 2033. The notes will be issued at an issue price of 100 per cent of their principal amount, and will be payable semi-annually. Net proceeds from the issuance will go towards financing or re-financing eligible green projects. OUE shares closed Monday flat at S$1.10 before the news.

$NVDA$'s current NTM P/E trades at roughly a 10x discount to its 3-year median of 32x. Its premium vs. peers like $AVGO$, $AMD$, $MRVL$ is near historical lows. Goldman's take: the market is still valuing NVIDIA as a semiconductor cyclical, not as an AI infrastructure platform. The multiple hasn't caught up to the story.