US bourse reverted down on Monday, dampened by downswing in techs. The S&P 500, which had just hit a record high last week, adjusted downward, dropping 24 points or 0.4% to 6,905. The Nasdaq also lost 118 points or 0.5%, closing at 23,474. The DJIA slid 249 points or 0.5% to 48,461.
AI-related stocks were under pressure on Monday. NVIDIA (NVDA.US) joined stake in Intel (INTC.US) with US$5 billion according to a September agreement, with NVIDIA sagging 1.2%, giving back part of last week's over 5% gain, and Intel rising against the market by 1.3%.
Tesla (TSLA.US) dived 3.3%. AI defense stock Palantir (PLTR.US) sank over 2%. Oracle (ORCL.US) faded 1.3%. Meta Platforms (META.US) also declined.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10055 |
230 (-) |
0.126 |
6.7 X |
| Nvidia (C) |
11007 |
205 (-) |
0.345 |
4.3 X |
| Nvidia (P) |
10057 |
165 (-) |
0.155 |
4.9 X |
| TSLA (C) |
11036 |
590 (-) |
0.710 |
4.0 X |
| TSLA (C) |
10010 |
530 (-) |
0.440 |
6.0 X |
| TSLA (P) |
11037 |
435 (-) |
0.940 |
2.6 X |
| TSLA (P) |
10011 |
370 (-) |
0.233 |
5.5 X |
| META (C) |
10003 |
900 (-) |
0.126 |
9.6 X |
| META (P) |
10757 |
700 (-) |
1.230 |
4.5 X |
