To The Moon

$SanDisk Corp.(SNDK)$ has already been one of 2026’s biggest semiconductor winners. Yet after the stock jumped 13.6% on Aug. 13 to US$1,528.11, Goldman Sachs reiterated its Buy rating and US$2,200 price target, implying roughly 44% further upside. That may sound aggressive after a roughly 467% year-to-date rally, but Goldman’s thesis is no longer just about rising NAND prices. The bigger argument is that Sandisk may be evolving from a highly cyclical flash-memory producer into a business with longer earnings visibility, higher margins, stronger shareholder returns, and a new AI-inference opportunity through High Bandwidth Flash (HBF). The key question for traders is simple: Does Sandisk still deserve to be valued like a traditional

A few years ago, putting $Micron Technology(MU)$ and $Berkshire Hathaway(BRK.A)$ in the same market-cap conversation would have sounded almost absurd. Micron was known as a highly cyclical memory-chip manufacturer, while Berkshire became one of the world’s largest conglomerates through insurance, railroads, energy, industrial businesses and decades of capital allocation. AI has almost erased that valuation gap. Micron crossed US$1 trillion in market value for the first time in May, then briefly reached around US$1.4 trillion in June, overtaking Meta and trading above Berkshire at the time. After a volatile summer, Micron closed Aug. 12 at US$911.29, valuing the company at ro

1. Executive Summary The S&P 500 is already up ~20 record closes this year — and $Goldman Sachs(GS)$thinks it isn't done climbing. The bank's U.S. equity strategy team just raised its year-end target from 7,600 to 8,000, betting that earnings growth (not a richer multiple) carries the index the rest of the way. Deutsche Bank and Morgan Stanley have landed on the same 8,000 target, while Yardeni Research is even more aggressive at 8,300. 📌 Key Insight: When four major shops converge on the same target, the interesting question isn't if stocks go higher — it's what's actually driving the call, and what could break it. 2. The Run So Far $SPDR S&P 500 ETF Trust(SPY)$ has a

Ahead of the US CPI release, a potentially overlooked technical risk is escalating in the bond market. A recent report from Bank of America Securities points out that trend-following CTAs are maintaining significant short positions in US Treasury futures despite unexpectedly weak US non-farm payroll data. US Treasury futures approached short-covering levels last week, but as yields rebounded from their lows, models indicate these short positions have not yet been forced to close. CTAs typically refer to systematic trend-following funds. These funds do not primarily focus on inflation, fiscal policy, or Federal Reserve policy itself, but rather trade assets such as stock indices, US Treasuries, foreign exchange, gold, and crude oil based on price trends, volatility, and stop-loss thresholds

1. Executive Summary $SPDR Gold ETF(GLD)$ Gold has already delivered one of its strongest runs in decades — and $JPMorgan Chase(JPM)$ believes it isn't done. The bank's Private Bank and Global Research desks both point to continued strength, with a full-year 2026 forecast of $6,000/oz, potentially reaching $6,300/oz into 2027. Even CEO Jamie Dimon has weighed in, flagging macro risk in the same breath as the bank projects gold near $5,000/oz by Q4. 📌 Key Insight: When a bank's CEO, private wealth arm, and research desk all point the same direction, it's worth understanding why. 2. The Run So Far $SPDR Gold ETF(GLD)$has

1. Live Review Introduction Live Review>> Tiger Brokers livestream hosted by Vyann, featuring Kenny Loh, Wealth Advisory Director, S-REIT specialist and SGX Academy trainer, and Edward Pye, Intermediary Distribution Director at Amova Asset Management. Together, they marked Singapore's Straits Times Index crossing the 5,000-point milestone, unpacking what's driving the rally, how far it could still run, and how to actually build it into a portfolio. Disclaimer: This session has not been reviewed by the Monetary Authority of Singapore. All views expressed are those of the speakers and not of Tiger Brokers or its affiliates. Tod

1. Live Review Introduction Live Review>> Tiger Brokers livestream hosted by Vyann, featuring Kenny Loh, Wealth Advisory Director, S-REIT specialist and SGX Academy trainer, and Edward Pye, Intermediary Distribution Director at Amova Asset Management. Together, they marked Singapore's Straits Times Index crossing the 5,000-point milestone, unpacking what's driving the rally, how far it could still run, and how to actually build it into a portfolio. Disclaimer: This session has not been reviewed by the Monetary Authority of Singapore. All views expressed are those of the speakers and not of Tiger Brokers or its affiliates. Tod

[Smile]Hi Tigers, The calm surface of the S&P 500 masks one of the largest rotations in years—funds are flowing from crowded AI trading to cyclical sectors. JPMorgan Private Bank characterizes this shift as a repricing of "AI economics," not a liquidation. Kriti Gupta, global investment strategist at $JPMorgan Chase(JPM)$ Private Bank, says the path change is not a market crash, but a leadership reshuffle. She characterizes this shift as "a move from pricing potential to demanding proof of earnings." Evidence is evident in the index divergence: the market capitalization-weighted $S&P 500(.SPX)$ is hovering near all-time highs (around 7,490 points, still below the record of 7,616 points) after a tw

1. Executive Summary $Microsoft(MSFT)$ delivered one of the most consequential earnings reports of the year — landing right as tech markets were reeling from their worst session since April 2025. Azure growth accelerated to 43%, capital expenditures came in below elevated analyst expectations, and overall revenue rose 18% year-over-year. The market's reaction was swift: the largest single-day market-cap expansion by any U.S.-listed stock in history (~$450B). Overall Revenue Growth: +18% YoY ($90B for the quarter) Azure Growth: +43% YoY (Azure topped $100B for full fiscal year 2026, up 41% for the year) Capital Expenditures: $41B (below elevated analyst consensus) Single-Day Market Cap Added: ~$450B 📌 Key Insight: Wall Street isn't

1.Live Review Introduction Insert Live>> Tiger Brokers livestream hosted by Esther, featuring Kenny Tay, CEO of the Singapore AI Association (SAIA) and Founder of AI49 International Group, and Kenny Loh, Wealth Advisory Director, S-REIT specialist and SGX Academy trainer. Together, they bridged the gap between AI hype and AI impact — what AI really means for business and careers, and how to invest in the AI theme through SGX. Disclaimer: This session has not been reviewed by the Monetary Authority of Singapore. All views expressed are those of the speakers and not of Tiger Brokers or its affiliates. Today's session is strictl