See the full story in the original article.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/12/2026 | 226.32 |
| Change that session | -1.29% |
MSFT
▲ Likely positiveMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/12/2026 | 541.15 |
| Change that session | +1.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Nvidia Stock Hasn’t Been This Cheap in 7 Years. Only 1 Explanation Makes Sense.
Nvidia's trailing P/E ratio is about 27, its lowest since June 2019 and less than half its 10-year average of 61.3, even though the share price has nearly tripled since Aswath Damodaran called the stock a bridge too far in early 2024. The article argues the only mathematical explanation is that earnings are growing faster than the share price, with second quarter fiscal 2027 revenue up 106% to $92.6 billion and earnings up 126%. Damodaran's 2024 valuation model assumed revenue growth of around 32% a year over five years, a pace Nvidia is now far exceeding. Risks noted include doubts about returns on huge AI infrastructure spending, local opposition to data centers, and rising competition from AMD and customers such as Amazon, Google and Microsoft. The author says Damodaran was badly wrong about Nvidia and suggests the trend could continue.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares were mostly lower on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 fell 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq composite gained 1.1%, while the Dow Jones dipped 0.1% as most stocks outside AI and tech fell. The 10-year Treasury yield climbed to 5.14% from 5.09%, and U.S. crude rose 0.15% to $103.50 a barrel, with Brent at $109.47, as uncertainty over the war with Iran kept oil prices elevated.
- Tech companies need more data centers . So why are nearly half of all planned projects delayed or canceled ?
Global hyperscale spending on AI infrastructure is projected at about $700 billion, yet the article says 30% to 50% of the 16 GW of U.S. data center capacity scheduled to come online faces severe delays or cancellation. Causes include lengthy permitting, a shortage of roughly 439,000 skilled construction workers, electrical equipment deficits, and grid interconnection queues that stretch four to seven years in markets like Northern Virginia, Phoenix and Dallas. Sandstone Group reports that nearly half of planned U.S. data centers are behind schedule. As an example, Oracle and OpenAI shelved plans to expand the Abilene, Texas campus developed by Crusoe Energy from 1.2 GW to 2.0 GW after prolonged negotiations over financing and utility timelines stalled. A typical AI data center can consume as much electricity as 100,000 households, and the largest campuses under construction will use 20 times that.
- SOXX, SOXL Retreat To Red Premarket, But Retail Is 'Extremely Bullish' Ahead Of Tech Earnings
Technology and AI ETFs slipped back into negative territory in premarket trading Tuesday, after closing higher Monday following a sharp selloff last week. SOXX was down more than 1% and SOXL lost over 4% premarket, after SOXX fell nearly 12% and SOXL closed the previous week nearly 33% lower on concerns over AI buildout and debt. Retail investors remain 'extremely bullish' ahead of earnings from Meta, Tesla, IBM, Lam Research, Texas Instruments and other companies this week. Year to date, SOXX is up nearly 67% and SOXL has rallied over 134%.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Most Asian shares fell on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed weak and oil prices remained high. Japan's Nikkei 225 dropped 1.3% to 64,075.42 and South Korea's Kospi plunged 4% to 5,539.05, while Australia's S&P/ASX 200, Hong Kong's Hang Seng and the Shanghai Composite also slipped. On Wall Street, the S&P 500 gained 0.4% to 7,690.73 and the Nasdaq rallied 1.1% to 26,430.89, but most stocks outside AI and tech fell and the Dow lost 0.1%. The 10-year Treasury yield rose to 5.14% from 5.09%, while U.S. crude climbed to $104.03 a barrel and Brent to $110.32, with the article saying oil is unlikely to ease soon.
- Nvidia chief makes surprising prediction about AI replacing human industry
Nvidia CEO Jensen Huang spoke at an investment conference in Berlin alongside German Chancellor Friedrich Merz, urging German automakers and machinery makers to rapidly adopt AI to “re-engineer” the struggling economy using their manufacturing data and engineering expertise. He argued AI will augment rather than replace physical industries such as robotics, manufacturing, cars and heavy industry, saying “electrons will never replace atoms.” Huang warned Germany must act now and urged it to import foreign technology while keeping data and assets at home. The article notes Germany faces weak growth, high energy prices after losing cheap Russian gas, competition from China and excessive bureaucracy, while Europe lags the U.S. in building data centers.
Related markets
Latest news
- Internet down: Google Cloud outage leaves websites including Lloyds Bank, Rightmove and DPD not working
A major internet outage appears to have taken down many websites and apps, including Lloyds Bank, HSBC, Screwfix, DPD and internet bank Revolut, according to Down Detector. At least some of the problems seem linked to Google Cloud, where Google confirmed issues with multiple services at its west Europe facilities and said there was no workaround. The article notes it is unclear whether all the disruptions are related. It also points out that cloud infrastructure providers such as Google Cloud, Cloudflare and Amazon Web Services are largely invisible yet support much of the internet, so an outage at one can knock out many seemingly unrelated services.
- BlackRock Files for 'Buffer' Bitcoin ETF as IBIT Draws $665M in a Day
BlackRock has filed with the SEC for the iShares Bitcoin Managed Protection ETF (ticker PBIT), a 'buffer' fund that would limit initial losses to about 10% in exchange for capping gains. Instead of holding Bitcoin directly, it would buy call options on IBIT or similar exposure, sell higher-priced calls to offset costs, use three overlapping monthly tranches, and hold fixed-income investments. The management fee has not been set. On the same day, IBIT was the only one of 12 U.S. spot Bitcoin ETFs to post net inflows, at $665.2 million, while the group's total net inflows were $526.6 million. The funds had shed about $910 million over the previous two weeks as hotter-than-expected inflation data revived bets on another Federal Reserve rate hike.
- The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street
According to the article, 13 U.S.-listed stocks have a market capitalization of at least $1 trillion, and analysts are most bullish on Micron, with a median target price of $1,575 per share, implying 70% upside from the current $925. Micron's results have surged amid a memory chip shortage driven by AI infrastructure demand: revenue in the September quarter rose 379% to $54 billion, and non-GAAP earnings reached $33.42 per diluted share, up from $3.03 a year earlier. The CEO expects tighter supply-demand conditions in fiscal 2027 and 2028. However, new capacity from Micron, Samsung, SK Hynix and others could lead to oversupply by 2029, and memory prices have historically fallen sharply in such periods. Some investors believe AI demand and longer contracts could weaken the boom-and-bust pattern, while others remain cautious.
- PNJ Shares 'Surge' Ahead of Extraordinary Shareholders' Meeting
PNJ shares hit the daily ceiling of 19,750 dong ahead of an extraordinary shareholders' meeting, with more than 4 million shares in unfilled buy orders at the ceiling price and matched volume above 16 million shares, worth over 315 billion dong. Foreign investors returned as net buyers of over 3.5 million shares after heavy selling. At the meeting, the company will present a restructuring plan following the diamond incident, including cutting this year's revenue target by about 20% to around 39,000 billion dong and setting aside over 7,071 billion dong in provisions, which would swing projected after-tax profit from 3,400 billion dong to a loss of 6,271 billion dong. It also proposes lowering last year's dividend payout from 20% to 10% and issuing up to 550 million shares privately. The stock has lost about 70% of its value since early July.
- Coteccons shifts growth focus as construction sector gains major rivals
Coteccons (CTD) views the entry of VinCons (Vingroup) and Tân Minh Nhân (Sun Group) as a force raising industry standards, and its chairman Bolat Duisenov prefers not to compare the company with other contractors. Instead, management focuses on three questions: how to become investors' first choice, how to attract and retain talent, and how to diversify revenue. In fiscal 2026, net revenue rose 38% to VND 34,340 billion and after-tax profit rose 73% to VND 788 billion, while backlog reached a record VND 70,000 billion. The company targets revenue of VND 42,000 billion and profit of VND 1,050 billion for fiscal 2027, although new contracts signed in Q1 of fiscal 2027 totaled VND 14,519 billion, down year on year, as it tightens client and project selection. Bolat said the company can sustain 20-30% growth in the coming years and is shifting its focus from volume to efficiency.
- Indonesian stocks rebound from six - year low ; Taiwan dollar slips
Indonesian stocks rebounded from a six-year closing low after a nearly 15% loss over two sessions triggered by MSCI's warnings, with shares rising as much as 3.8% intraday as the exchange moved to ease concerns. Regional markets fell, with MSCI's emerging Asia gauge down 1.3% and South Korean equities sliding 4.2% as investors dumped chipmakers over heavy AI spending without clear returns. The Taiwan dollar weakened to 32.616 per dollar, near an 18-month low, as foreign investors pulled record sums from local equities. The rupiah edged up to 17,995 per dollar, snapping a four-day losing streak. An analyst called the rebound a short-term improvement in sentiment rather than a sign that the outlook had fundamentally improved.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.