To The Moon

October was a difficult month for technology investors. Concerns about excessive AI spending, stretched valuations and weaker confidence in the returns from data centre investments put pressure on technology shares. However, November is bringing a different set of opportunities and risks for both US and Hong Kong markets. I believe investors should pay particular attention to three developments: the US midterm elections, the Ant Group IPO story and NVIDIA’s performance. Each represents a different part of the investment landscape, from political uncertainty and China’s financial technology sector to the global AI infrastructure boom. 1. US Midterm Elections: Could Political Uncertainty Become a Market Headwind? The US midterm election results have delivered a significant political developm

The US stock market is entering another important trading session, but investors have more than corporate earnings to consider. Tuesday’s session ended with the Nasdaq gaining 0.83% and the S&P 500 rising 0.36%, while the Dow slipped 0.38%. Technology and semiconductor stocks provided some support, although market participation remained uneven.  The latest US midterm election results have introduced another source of uncertainty. Democrats have secured control of both chambers of Congress, raising questions about potential changes to technology regulation, AI policy and government spending. Markets will need time to assess the implications.  Here are five stocks I would put on my watchlist today. 1. $Advanced Micro Devices(AMD)$ - Can Ea

$Advanced Micro Devices(AMD)$ latest earnings have strengthened the argument that the AI semiconductor market still has considerable room to grow. Revenue reached $13.38 billion, adjusted EPS came in at $2.09, and data centre revenue climbed 97% year over year to a record $8.5 billion. The market clearly liked the results, with AMD shares gaining 3.68% during Tuesday’s session and another 5.02% after hours. But I believe there is a bigger investment opportunity worth examining. AMD does not necessarily need to defeat NVIDIA to become a major winner in the AI infrastructure market. It needs to convince large customers that having another reliable supplier is worth the investment. 1. Customer Diversification Could Be AMD’s Biggest Advantage Larg

The latest rebound in $Invesco QQQ(QQQ)$  offers some encouragement for technology investors, but I don’t think the market has fully moved past its biggest uncertainties. QQQ gained 0.61% on Tuesday, while the S&P 500 advanced 0.35%. Technology stocks showed renewed strength, suggesting investors are still willing to buy into the growth story. However, the unresolved US midterm election outcome and ongoing tensions between the US and Iran mean that confidence could remain fragile. 1. Earnings Growth Is the Most Important Bullish Signal For QQQ, I believe earnings performance matters more than short-term political headlines. The technology sector has benefited significantly from AI investment, semiconductor demand and expanding data ce

US markets are entering another important trading session, with investors balancing AI spending concerns, earnings announcements and uncertainty surrounding the US midterm elections. Monday’s session ended with mixed results. The S&P 500 slipped 0.52%, while the Nasdaq fell 1.1%. Technology and AI-related shares remained under pressure, suggesting investors are becoming more selective about companies exposed to the AI investment cycle. Here are five stocks I am watching today. 1. $Advanced Micro Devices(AMD)$  – The Biggest Earnings Test AMD is at the top of my watchlist ahead of its earnings announcement after today’s market close. The company has guided for approximately $13 billion in quarterly revenue and a non-GAAP gross margin o

The AI investment boom is creating enormous opportunities for semiconductor manufacturers, cloud providers and data-centre operators. But there is another side to this expansion that deserves more attention: how are these companies financing it, and what happens if the expected returns take longer to arrive? On Monday, Oracle led a group of 18 companies issuing bonds in the US high-grade corporate bond market. This was the largest number of issuers entering the market in a single day since September 8. Dealers also expected total US investment-grade bond issuance to reach approximately $45 billion for the week. The timing, ahead of the US midterm elections and Friday’s non-farm payrolls report, is notable. Companies may be taking advantage of a favourable financing window before potential

Technology stocks are facing pressure at a time when investors have several reasons to reassess their exposure. On Monday, the Nasdaq-100 tracking ETF QQQ fell 1.37%, while the S&P 500 declined 0.52%, reflecting continued weakness in parts of the technology sector. The upcoming US midterm elections add another layer of uncertainty. All 435 House seats and 35 Senate seats are being contested, and the results could influence expectations around corporate taxes, technology regulation, AI data-centre permits and government spending. However, I don’t think the election itself is the only issue investors should be watching. The bigger concern is how political uncertainty interacts with already elevated expectations for technology earnings and AI infrastructure investment. 1. Elections create

$Apple(AAPL)$ delivered a strong headline result, but the share-price reaction suggests investors wanted more. Revenue reached $114.5 billion, up 12% year over year, while EPS of $2.10 exceeded expectations. Despite the beat, shares fell 1.88% on Monday and another 2.78% after the earnings announcement. This highlights an important issue for Apple investors: beating quarterly estimates is not necessarily enough when expectations and valuation are already high. The market is looking beyond the latest numbers. It wants evidence that Apple can maintain its growth rate, protect profitability and create new sources of demand. 1. Look beyond the headline earnings beat The $2.10 EPS result included a $0.05 benefit from a tariff refund. Although this

$Advanced Micro Devices(AMD)$ 7.59% share-price decline on Monday, ahead of Tuesday’s earnings announcement, puts the spotlight on a familiar problem in the semiconductor sector: even strong business performance may not be enough when expectations are already high. AMD has guided for approximately $13 billion in Q3 revenue, plus or minus $300 million, and a non-GAAP gross margin of 54.5%. With analyst consensus now at $13.22 billion in revenue and $1.97 EPS, investors are looking beyond whether the company meets its guidance. They want to know what comes next. 1. The gap between guidance and expectations The revenue consensus is already slightly above AMD’s midpoint guidance. That means simply delivering the expected result may not create much

$Palantir(PLTR)$ Q3 Earnings Mark a Major Turning Point: AI Commercial Demand Is Changing the Business Palantir Technologies has delivered another exceptional quarterly performance, reinforcing its position as one of the major beneficiaries of the AI adoption cycle. But there is something particularly important about this latest report that deserves more attention than simply looking at the headline revenue growth. For the first time in the company’s history, US commercial revenue has surpassed US government revenue. This is significant because Palantir was traditionally known for providing data analytics and software solutions to government agencies, intelligence organisations and the military. Its commercial business is now becoming an incr