Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>There were no name changes but here we take a look at capping flows for the MV US Semiconductor 25 index and the MV US  Semiconductor 10% capped ESG-screened index.</li>
<li>We expect MVSemi25 to trade US$6.7bn and MVSemi10% to trade US$970mm one-way for June 2026. The event is on the 18th at the close.</li>
<li>
<a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel Corp (INTC US)</a> and <a href="https://www.smartkarma.com/entities/micron-technology-inc" target="_blank" data-smartkarma-citation="entities:13382:1" rel="noopener">Micron Technology (MU US)</a><em>each</em> have sell flows of US$2.2bn. There is US$4bn of <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> to buy.</li>
</ul>


There were no name changes but here we take a look at capping flows for the MV US Semiconductor 25 index and the MV US  Semiconductor 10% capped ESG-screened index.
We expect MVSemi25 to trade US$6.7bn and MVSemi10% to trade US$970mm one-way for June 2026. The event is on the 18th at the close.

Intel Corp (INTC US) and Micron Technology (MU US)each have sell flows of US$2.2bn. There is US$4bn of NVIDIA Corp (NVDA US) to buy.


[Quiddity Index] MV Semiconductor Indices Jun26 Rebal Results: US$7.7bn One-Way With Capping

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>OpenAI's private funding and burn disclosures reset IPO timing, while Anthropic added Nasdaq, profitability and revenue markers ahead of listing.</li>
<li>China labs shipped faster domestic-chip inference, cheaper multimodal pricing, coding-agent tools and Kimi distribution on AWS Bedrock.</li>
<li>AI infrastructure financing stayed active across data centers, power equipment, custom chips, memory and startup funding.</li>
</ul>


OpenAI's private funding and burn disclosures reset IPO timing, while Anthropic added Nasdaq, profitability and revenue markers ahead of listing.
China labs shipped faster domestic-chip inference, cheaper multimodal pricing, coding-agent tools and Kimi distribution on AWS Bedrock.
AI infrastructure financing stayed active across data centers, power equipment, custom chips, memory and startup funding.


This Week in AI (Sep 13-19): OpenAI Delays IPO Hopes; AI Slowdown Debate Hits Markets

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>Accelerated Vera Rubin Timeline: NVIDIA confirmed its next-generation Vera Rubin architecture is in full production and scheduled to stand up ahead of schedule in Q3 2026</li>
<li>Standalone Vera CPU Strategy: The proprietary, custom-core Vera CPU delivers 2x the performance of competitors and will be sold standalone to direct distributed agentic workflows</li>
<li>Massive Supply Chain Commitments: To secure future growth through 2027, NVIDIA has locked in $124 billion in long-term purchase commitments with its manufacturing ecosystem</li>
</ul>


Accelerated Vera Rubin Timeline: NVIDIA confirmed its next-generation Vera Rubin architecture is in full production and scheduled to stand up ahead of schedule in Q3 2026
Standalone Vera CPU Strategy: The proprietary, custom-core Vera CPU delivers 2x the performance of competitors and will be sold standalone to direct distributed agentic workflows
Massive Supply Chain Commitments: To secure future growth through 2027, NVIDIA has locked in $124 billion in long-term purchase commitments with its manufacturing ecosystem


NVIDIA @ BofA Global Technology Conference 2026. Key Takeaways & Full Transcript

<ul>
<li>Strategic Shift to Agentic Computing: NVIDIA announced a major transition from legacy applications to distributed AI agents that autonomously perceive, reason, plan, and act across data center nodes.</li>
<li>Next-Generation Vera Rubin Architecture: With the Vera CPU built on a custom 10-IPC ARM core, the new Vera Rubin platform is engineered specifically to run massive, disaggregated multi-agent workloads efficiently.</li>
<li>Robust Capital Return Commitment: Jensen Huang formalized a framework to return 50% or more of free cash flow to shareholders via buybacks and dividends indefinitely.</li>
</ul>


Strategic Shift to Agentic Computing: NVIDIA announced a major transition from legacy applications to distributed AI agents that autonomously perceive, reason, plan, and act across data center nodes.
Next-Generation Vera Rubin Architecture: With the Vera CPU built on a custom 10-IPC ARM core, the new Vera Rubin platform is engineered specifically to run massive, disaggregated multi-agent workloads efficiently.
Robust Capital Return Commitment: Jensen Huang formalized a framework to return 50% or more of free cash flow to shareholders via buybacks and dividends indefinitely.


Nvidia GTC Taipei 2026 Financial Analyst Q&A. Executive Summary & Full Transcript.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Nvidia is trying to make the next phase of artificial intelligence feel less like a chatbot window and more like a digital workforce living inside personal computers.</li><li>The company recently unveiled prototypes for a new generation of AI-agent-focused PCs powered by its RTX Spark chip, with partners including Dell, Lenovo, Microsoft, HP, Asus, and MSI.</li><li>These systems are expected to target premium creators, AI developers, and gamers first, with dozens of laptop and desktop models planned.</li></ul>

Nvidia is trying to make the next phase of artificial intelligence feel less like a chatbot window and more like a digital workforce living inside personal computers.The company recently unveiled prototypes for a new generation of AI-agent-focused PCs powered by its RTX Spark chip, with partners including Dell, Lenovo, Microsoft, HP, Asus, and MSI.These systems are expected to target premium creators, AI developers, and gamers first, with dozens of laptop and desktop models planned.

Nvidia Wants To Put AI Employees Inside Your Laptop!

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.

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NVIDIA Corp (NVDA US)

[Quiddity Index] MV Semiconductor Indices Jun26 Rebal Results: US$7.7bn One-Way With Capping

The MV Semiconductor indices have semiannual name reviews (Mar/Sep) but see capping done quarterly. This quarter, the 2 major indices - with...

Travis Lundy

This Week in AI (Sep 13-19): OpenAI Delays IPO Hopes; AI Slowdown Debate Hits Markets

This week in AI: OpenAI pushed IPO expectations beyond 2026, the AI slowdown debate reached markets and policy, and Chinese labs kept shipping models.

Ke Yan, CFA, FRM

NVIDIA @ BofA Global Technology Conference 2026. Key Takeaways & Full Transcript

Massive Supply Chain Commitments: To secure future growth through 2027, NVIDIA has locked in $124 billion in long-term purchase commitments with...

William Keating

Nvidia GTC Taipei 2026 Financial Analyst Q&A. Executive Summary & Full Transcript.

Robust Capital Return Commitment: Jensen Huang formalized a framework to return 50% or more of free cash flow to shareholders via buybacks and...

William Keating

Nvidia Wants To Put AI Employees Inside Your Laptop!

Nvidia is trying to make the next phase of artificial intelligence feel less like a chatbot window and more like a digital workforce living inside...

Baptista Research

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