In this week’s edition of top stock market highlights, AI giant Nvidia delivered blockbuster earnings that exceeded Wall Street expectations, providing reassurance to investors worried about an artificial intelligence bubble.
Meanwhile, Singapore’s equities market received a significant boost with multiple initiatives announced to enhance market liquidity and attract global investors.
The Monetary Authority of Singapore revealed its second batch of asset managers under a multi-billion-dollar programme whilst unveiling a revolutionary partnership between SGX and Nasdaq to streamline dual listings.
Nvidia (NASDAQ: NVDA) delivered stellar third-quarter results that exceeded Wall Street expectations, helping counter growing concerns about an artificial intelligence bubble.
The AI chipmaker reported revenue of US$57.01 billion, beating estimates of US$54.92 billion, with adjusted earnings per share of US$1.30 versus expectations of US$1.25.
The company’s crucial data centre division generated US$51.2 billion in sales, surpassing the US$49.09 billion forecast and demonstrating continued robust demand for AI infrastructure.
Nvidia also provided stronger-than-expected guidance for the fourth quarter, projecting revenue of approximately US$65 billion compared to analyst expectations of US$61.66 billion.
CEO Jensen Huang revealed the company holds roughly US$500 billion in orders for 2025 and 2026 combined, with CFO Colette Kress noting “the number will grow.”
The results show Nvidia maintaining its dominant position in AI chips despite concerns about valuations and competition, with its next-generation Blackwell chips already generating strong demand that’s expected to exceed supply for several quarters.
The Monetary Authority of Singapore (MAS) has placed S$2.85 billion with six asset managers under the second batch of its Equity Market Development Programme (EQDP), bringing total allocations to S$3.95 billion across nine managers.
The selected managers include global powerhouses BlackRock and Lion Global Investors, alongside Amova Asset Management (formerly Nikko Asset Management).
The EQDP aims to develop Singapore’s fund management industry and increase investor participation in local equities by leveraging diverse expertise, investment strategies and distribution networks.
Additionally, MAS launched a S$30 million “Value Unlock” programme to help listed firms improve investor engagement and shareholder returns.
This initiative provides companies with resources to build competencies in corporate strategy, capital optimisation, and investor relations whilst offering regulatory clarity on forward-looking communications.
