Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Thematic (Sector/Industry)

<ul>
<li>Anthropic launched Claude Haiku 5.5 at up to 90% lower prices, Reflection AI unveiled its Beam open-weight model, and OpenAI's annualized revenue was below recent estimates.</li>
<li>OpenAI rolled GPT-6 out across ChatGPT, AWS added Zhipu's GLM-5.3 to Bedrock, TSMC's third-quarter revenue rose 50.9% YoY and Samsung guided record operating profit.</li>
<li>DeepSeek neared USD 12bn of new funding, Moonshot closed at about USD 50bn, Firmus withdrew its ASX IPO and SpaceX sought about USD 40bn of debt for Nvidia chips.</li>
</ul>


Anthropic launched Claude Haiku 5.5 at up to 90% lower prices, Reflection AI unveiled its Beam open-weight model, and OpenAI's annualized revenue was below recent estimates.
OpenAI rolled GPT-6 out across ChatGPT, AWS added Zhipu's GLM-5.3 to Bedrock, TSMC's third-quarter revenue rose 50.9% YoY and Samsung guided record operating profit.
DeepSeek neared USD 12bn of new funding, Moonshot closed at about USD 50bn, Firmus withdrew its ASX IPO and SpaceX sought about USD 40bn of debt for Nvidia chips.


This Week in AI (Oct 4-10): Haiku 5.5's Throat-Cutting Prices; OpenAI Revenue Trails Expectation

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Commodities

<ul>
<li>A review of recent events/data impacting our investment themes and outlook.</li>
<li>No sign yet of a reversal in US government bonds and the dollar.</li>
<li>Brent Oil still above $100 despite exports moving back to pre-war levels</li>
</ul>


A review of recent events/data impacting our investment themes and outlook.
No sign yet of a reversal in US government bonds and the dollar.
Brent Oil still above $100 despite exports moving back to pre-war levels


Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Equity Bottom-Up

<ul>
<li>
Frontier AI Labs: Pausing, pacing, those are all the voluntary things that they could do if they feel that their company is out of control.</li>
<li>
President Trump: And I’m telling you, it’s all a hoax. The data centers are great and they make people wealthy and they make states wealthy</li>
<li>
Jensen Huang: I’d rather help everybody succeed instead of taking a slice out. And so we would go up as far as we need to but as low as possible.</li>
</ul>



Frontier AI Labs: Pausing, pacing, those are all the voluntary things that they could do if they feel that their company is out of control.

President Trump: And I’m telling you, it’s all a hoax. The data centers are great and they make people wealthy and they make states wealthy

Jensen Huang: I’d rather help everybody succeed instead of taking a slice out. And so we would go up as far as we need to but as low as possible.


Jensen Huang Chats With President Trump @ The All In Summit. Key Takeaways & Full Transcript

<ul>
<li>NVIDIA reaffirmed its confidence in delivering 70% year-over-year revenue growth for the coming year, noting unconstrained demand exceeds 100%.</li>
<li>While software coding remains primary high-ROI use case, Huang highlighted cybersecurity as the next massive application, with NVIDIA deploying swarms of Nemotron models for red-teaming (bug finding) and blue-teaming (patching) </li>
<li>NVIDIA is actively working with the financial sector to position its high-utility GPU platforms as durable, asset-backed collateral for institutional financing. Seem like the strategy is working well, for now...</li>
</ul>


NVIDIA reaffirmed its confidence in delivering 70% year-over-year revenue growth for the coming year, noting unconstrained demand exceeds 100%.
While software coding remains primary high-ROI use case, Huang highlighted cybersecurity as the next massive application, with NVIDIA deploying swarms of Nemotron models for red-teaming (bug finding) and blue-teaming (patching) 
NVIDIA is actively working with the financial sector to position its high-utility GPU platforms as durable, asset-backed collateral for institutional financing. Seem like the strategy is working well, for now...


NVIDIA @ Goldman Sachs Communacopia + Technology Conference 2026. Key Takeaways & Full Transcript

<ul>
<li>NVIDIA reported second-quarter fiscal 2027 results, details here. Revenue was $96.2 billion, up 18% sequentially and up 106% year over year, also blowing past the $91.0 billion guided midpoint.</li>
<li>Q327 revenue forecast  $108.0 billion, plus or minus 2%,  +12% QoQ, +89% YoY. The company also threw in forecast for fiscal 2028 growth of 70% YoY.</li>
<li>Recent announcements by NVIDIA, built around guaranteeing and backstopping investment in data centres that exclusively use their compute, suggest that much of their future demand is actually being self funded. </li>
</ul>


NVIDIA reported second-quarter fiscal 2027 results, details here. Revenue was $96.2 billion, up 18% sequentially and up 106% year over year, also blowing past the $91.0 billion guided midpoint.
Q327 revenue forecast  $108.0 billion, plus or minus 2%,  +12% QoQ, +89% YoY. The company also threw in forecast for fiscal 2028 growth of 70% YoY.
Recent announcements by NVIDIA, built around guaranteeing and backstopping investment in data centres that exclusively use their compute, suggest that much of their future demand is actually being self funded. 


NVIDIA Q2 2027. 2028 Supply Cannot Meet The Demand Jensen Is Paying To Create

United States

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software.  The Company's products provide interactive 3D graphics to the mainstream personal computer market.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

NVIDIA Corp (NVDA US)

This Week in AI (Oct 4-10): Haiku 5.5's Throat-Cutting Prices; OpenAI Revenue Trails Expectation

This week in AI: Anthropic cut prices by up to 90% with Claude Haiku 5.5, OpenAI's annualized revenue reached about USD 50bn, and Moonshot closed...

Ke Yan, CFA, FRM

Overview #81 — More of the Same

A review of recent events/data impacting our investment themes and outlook. Current trends have shown no sign yet of reversal. OIl is flowing...

Rikki Malik

Jensen Huang Chats With President Trump @ The All In Summit. Key Takeaways & Full Transcript

Jensen Huang: I’d rather help everybody succeed instead of taking a slice out. And so we would go up as far as we need to but as low as possible.

William Keating

NVIDIA @ Goldman Sachs Communacopia + Technology Conference 2026. Key Takeaways & Full Transcript

NVIDIA is actively working with the financial sector to position its high-utility GPU platforms as durable, asset-backed collateral for...

William Keating

NVIDIA Q2 2027. 2028 Supply Cannot Meet The Demand Jensen Is Paying To Create

Recent announcements by NVIDIA, built around guaranteeing and backstopping investment in data centres that exclusively use their compute, suggest...

William Keating

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)