Welcome to this week’s edition of top stock market highlights.
This week delivered significant developments across multiple sectors as Intel posted its best trading day in nearly four decades following Nvidia’s US$5 billion investment, whilst US and Chinese negotiators advanced towards a resolution on TikTok’s American operations.
In Singapore, the IPO market remained active with Centurion Accommodation REIT’s S$771 million listing and AvePoint’s secondary listing by introduction, as Hongkong Land continued its strategic transformation with the S$739 million divestment of MCL Land to Malaysia’s Sunway Group.
Intel shares posted their best trading day since October 1987, surging 22.8% to US$30.57 on 18 September following Nvidia’s announcement of a US$5 billion investment in the troubled chipmaker.
The investment, made at US$23.28 per share, forms part of a strategic collaboration to co-develop data centre and PC chips.
The partnership represents a significant vote of confidence in Intel’s turnaround efforts, with Nvidia joining Softbank and the US government as major investors.
The US government had previously invested US$8.9 billion for a 10% stake in August 2025, a position now valued at US$13.2 billion following the share price surge.
Under the agreement, Intel will manufacture x86 central processing units for Nvidia’s AI infrastructure platforms and develop x86 system-on-chips incorporating Nvidia’s RTX graphics processing units for personal computers.
White House deputy press secretary Kush Desai characterised the partnership as “a major milestone for American high-tech manufacturing,” underscoring the strategic importance of strengthening domestic semiconductor capabilities.
Nvidia shares also responded positively, closing 3.54% higher on the day.
Major progress emerged in the long-running saga over TikTok’s US operations as negotiators from Washington and Beijing finalised a framework agreement that could reshape the social media giant’s American presence.
The deal, discussed during trade talks in Madrid this week, would create a new US entity with American investors holding approximately 80% and Chinese shareholders retaining the remaining 20%.
The investor consortium includes technology giants Oracle, which fell 1.59% on the news, alongside private equity firm Silver Lake and venture capital firm Andreessen Horowitz.
Existing ByteDance investors including Susquehanna International, KKR and General Atlantic would also participate in the new ownership structure.
