OECD Secretary-General Mathias Cormann stated that a spike in AI investment that juices global growth is expected to continue, entailing long-term benefits.

In an interview with Bloomberg TV, Cormann anticipates persistent growth in AI-related investments in the near future. In the medium to long term, he expects enormous benefits from increased productivity given the accelerated diffusion and adoption of AI across all levels of the economy.

The OECD projects global economic growth to slow to 2.9% in 2026, down from the 3.5% as projected in 2025, and estimates potentially exacerbating trade headwinds. Cormann noted downside risks, including the unfulfilled impact of tariffs, trade uncertainty, and other structural pressures facing the economy.
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Tesla (TSLA.US) CEO Elon Musk confirmed that the company's autonomous taxi, Robotaxi, is undergoing testing in Austin.

Following this announcement, Tesla's stock price surged by nearly 5% at one point on Monday, eventually closing up 3.6% at USD475.31, just a step away from its historical high.
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US bourse settled lower on Monday, with upswing propelled by multiple sectors as traders wagered that upcoming US inflation data would be moderate and economic activity would remain strong.

The DJIA dipped 41 points or less than 0.1% to 48,416; the S&P 500 dropped 10 points or 0.2% to 6,816; and the Nasdaq fell 137 points or 0.6% to 23,057.

NVIDIA (NVDA.US) added 0.7%, whereas Tesla (TSLA.US) was also in good shape, soaring 3.6%. Oracle (ORCL.US) and Broadcom (AVGO.US), which had plummeted last week, remained weak, sagging 2.7% and 5.6% respectively for the day. Microsoft (MSFT.US) lost 0.8%.
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Tesla (TSLA.US) founder Elon Musk has become the first person in history to possess a net worth of US$600 billion, according to Forbes.

His startup SpaceX, based on previous rumor, might go public with an US$800 billion valuation. Tesla's stock price spiked over 3% on Monday.
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The US government announced on Monday a new initiative called "U.S. Tech Force", which will hire approximately 1,000 engineers and other experts. They will work on AI infrastructure and other technology projects across federal government agencies.

The team will report directly to agency leaders and collaborate with tech companies such as Amazon (AMZN.US) Web Services, Apple (AAPL.US), and Microsoft (MSFT.US).
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NVIDIA (NVDA.US) announced on Monday the acquisition of an AI software company SchedMD. The former is committed to investing in open-source technology and magnifying its investments in the AI ecosystem, although no details of the transaction have been disclosed.

NVIDIA stated that SchedMD's system, Slurm, supports the latest NVIDIA hardware and is part of the critical infrastructure required for generative AI. Foundation model developers and AI builders use it to manage model training and inference needs.
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SoftBank (9984.JP) closed today (15th) at JPY16,830, down 5.95% for the day.

Widespread selling of US AI-related stocks led to a plunge of over 5% in the Philadelphia Semiconductor Index, heightening market concerns about overheating in the AI and semiconductor sectors.

Following Oracle (ORCL.US) and Broadcom (AVGO.US) stock slides after their earnings release, SoftBank, as an AI concept stock, was also subdued, with domestic market AI and semiconductor stocks seeing selling pressure.
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Nvidia (NVDA.US) CEO Jensen Huang was named Person of the Year by the Financial Times.

The media outlet stated that the decision was based on Huang's role in driving the AI boom across the business and financial sectors. This year, Huang led Nvidia to become the world's first company with a market cap exceeding US$4 trillion.
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LENS (06613.HK) announced plans to acquire over 95% of Yuans Technology, a supplier to Nvidia (NVDA.US) engaged in the production and sales of server cabinets, structural components, and server liquid-cooling modules, according to a CLSA report.

CLSA expects the deal to be completed next year, which would help LENS break into Nvidia's AI server supply chain and drive rapid growth in its AI server business.

LENS' rating was reiterated as Outperform, with a target price remaining unchanged at HKD38.
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The AI gold rush driven by abundant liquidity has dominated this year's investment landscape, CLSA released a research report saying. Looking ahead to 2026, the broker saw substantial evidence that AI trade is nearing the end of its momentum.

Although the core assumption is that the momentum and profits will continue into 1H26 before reaching a tipping point, tCLSA set a mid-2026 target of 7,200 for the S&P 500.

CLSA currently rated South Korea at Overweight, considering it the most preferred investment target for AI momentum, meanwhile considering India and, to a lesser extent, Indonesia as primary rotation destinations for 1H26 if the tech rally subsides.
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