Singapore is ‘well positioned’ for the AI boom .....in SEP2023...Now u-turning, Boss John?

[k1976]

https://www.digitimes.com/news/a20240718PD214/singapore-ic-manufacturing-wafer-production-ai.html

 

[k1976]

Big Tech Stock Slump Amps Up Pressure to Deliver on Earnings​

• Alphabet kicks off earnings for the cohort on Tuesday
• Nasdaq 100 is coming off biggest weekly decline since April

Tech company displays at the HPE Discover event in Las Vegas.
Photographer: Ian Maule/Bloomberg
By Jeran Wittenstein
July 20, 2024 at 9:00 PM GMT+8
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The stakes were already elevated for technology giants heading into this earnings season. They just got a lot higher after the worst week for the Nasdaq 100 Index in three months.

After driving the rally in US stocks for most of the year, Big Tech slammed into a wall this week. Investors rotated from high-flying megacap shares to riskier, lagging parts of the market, spurred by bets on Federal Reserve interest-rate cuts, the threat of more trade restrictions on chipmakers and concern that the hype around artificial intelligence may be overblown.

AI darling Nvidia Corp. sank 8.8% this week, while Amazon.com Inc. dropped 5.8%.

 

[Eisenhut]

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SQUAWK BOX ASIA

Singapore is ‘well positioned’ for the AI boom, says Singapore Semiconductor Industry Association​

Ang Wee Seng, executive director of the Singapore Semiconductor Industry Association, says the country is one of the largest exporters of chips

TUE, SEP 26 202312:19 AM EDT

Singapore is well prepared for everything except PAP lose GE ...yawnzzzzz

 

[k1976]

Singapore is well prepared for everything except PAP lose GE ...yawnzzzzz

No wallorry, Good Hands will make sure all problems are carefully FIXed