See the full story in the original article.
Read the original on MarketWatch ↗
Keywords
NVDAAI investmentretail investorsHSBC
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.97 |
| Change that session | +2.54% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.20 |
| Change that session | +1.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- HSBC CEO warns the AI boom won’t make every data center a good bet
HSBC CEO Georges Elhedery says AI is transformational and will help re-engineer the bank, but investors must be selective about data center investments. He advised examining the quality of tenancy agreements and contract pricing, as some data center deals may be more challenging than others. HSBC, headquartered in London, was ranked by S&P Global as the seventh-largest bank in the world last year with assets close to $3 trillion, and it acts as both a financier and an operator of data centers. McKinsey estimates global data center spending could reach $7 trillion by 2030, while Big Tech increasingly relies on private credit and debt to fund the build-out. JPMorgan Chase estimates $4.1 trillion in AI-related debt will be issued by the end of the decade, and Mohamed El-Erian warned that competition for financing between governments and AI companies is pressuring bond markets.
- What Are Reddit Investors Betting On?
Reddit trades at 26.5 times adjusted earnings for the twelve months to June 30, 2026, falling to 22.3 times on analyst forecasts for fiscal 2027. That valuation assumes rapid growth: consensus sees fiscal 2026 sales of $3.39 billion and a further 32.5% rise in fiscal 2027, with net income up 22.8%. Sales grew 66.6% over the past twelve months, mostly from advertising, but growth is slowing and management expects 47% to 49% in fiscal Q3 2026. The article warns the forecast could slip if the net margin falls from the 32.3% projected for fiscal 2026 (reported 31.3%) or if weaker search traffic reduces ad impressions. If forecasts are met, the $155.65 stock price looks fairly priced, but a shortfall would make it a riskier bet.
- Trade on iKIS for a chance to win an iPhone 18 Pro Max
KIS Securities is running the “Tích lệnh hái lộc” promotion from 15 October to 30 November 2026, with total prizes worth VND 251 million for individual investors trading through the iKIS app. Each day, investors whose successfully matched trades total at least VND 100 million get one spin for cash prizes, with up to 200 eligible investors per day able to join, and spins accumulate throughout the program. The final prizes, worth VND 83 million in total, include an iPhone 18 Pro Max, an iPhone 18 Pro and other gifts, going to the investors with the highest trading value. To qualify, investors need at least 15 trading days and total trading value of VND 30 billion; KIS will review results from 1 to 9 December 2026 and notify winners by email from 10 December 2026.
- Gold is no silver bullet and isn't hedging against equity drawdowns, but 'debasement trade' should continue – HSBC
HSBC strategists say gold can keep benefiting from the 'debasement trade' of shifting into hard assets as debt and inflation concerns linger, even after its recent weakness from above USD5,000 per ounce. But gold has not protected investors against recent stock pullbacks, largely moving in tandem with equities, as margin calls can force leveraged holders to sell. HSBC expects gold to stay rangebound near term amid high real yields and a strong dollar, though diversification demand, central bank buying and ETF inflows should support prices over the medium term. HSBC's James Steel cited strong institutional demand in China, with the Shanghai Gold Exchange premium around $20, and said the late-January peak near $5,400 per ounce came after a run-up he called 'a little robust'. The strategists conclude investors should diversify, since no single asset can weather every type of market stress.
- Foreign outflows , rising yields weigh on Indian markets ; earnings to drive recovery : HSBC
HSBC Mutual Fund said foreign outflows and rising global bond yields are likely to remain key headwinds for Indian markets, while corporate earnings growth is expected to drive equity returns in the near term. The Nifty 50 fell 6 per cent in September, with the Nifty Midcap 150 down 7.1 per cent and the Nifty Smallcap 250 down 3.1 per cent; IT and auto were the worst-performing sectors, falling 11 per cent and 9 per cent. Foreign institutional investors pulled USD 4.1 billion in September, taking their 2026 net selling to USD 28.3 billion, while domestic institutions bought a net USD 8.1 billion. The RBI raised its repo rate to 5.50 per cent on October 7, and HSBC expects a further rise to 6 per cent if inflation worsens or global rates stay elevated. The Nifty 50 trades at 17 times one-year forward earnings, about 13 per cent below its five-year average valuation.
- HSBC and NatWest confirm major change to mortgages for customers
NatWest has cut some fixed-rate mortgage deals, including a two-year fix at 5.04% and a five-year fix at 4.98%, while HSBC, which currently offers a 5.01% two-year and 5.03% five-year fix, looks set to start offering sub-5% fixes. NatWest's largest reductions, up to 0.17 percentage points, are on five-year remortgage deals at 85% and 90% LTV, and HSBC has cut across its purchase and remortgage ranges from 60% to 90% LTV. Industry commentators said the cuts reflect lenders competing for business rather than cheaper funding, as five-year swap rates rose from 4.619% to 4.723% over the past month. Other lenders could come under pressure to review their own pricing.
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
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.