In today’s briefing:
- Ohayo Japan | Strong Jobs Data Cloud Rate-Cut Hopes
- SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #10 | 30 Aug–4 Sep 2026
- This Week in AI (Aug 30-Sep 5): GPT-6 Astra and Fable 5.1 in Same Week; Moonshot Files IPO
Ohayo Japan | Strong Jobs Data Cloud Rate-Cut Hopes
- US equities closed lower: S&P 500 fell 0.4% and Dow 272 points, while Nasdaq -0.3%.
- Payrolls rose 162,000 versus just over 50,000 expected, driving a hawkish repricing, higher Treasury yields and increased expectations of a September Fed hike.
- Semiconductors rallied on optimism around OpenAI’s new GPT model, led by Sandisk (+11.9%),
SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #10 | 30 Aug–4 Sep 2026
- SanDisk joins the S&P 100 effective 21 September — the first memory company ever admitted to the index. The stock surged +11.9% on Friday to $1,740 post-announcement; week-total +17.3%.
- Micron +9.3% WoW — the tariff footprint premium from Issue #9 is pricing in real time. The pair trade (long MU / short 285A JP) is working in week one.
- Taiwan’s MSCI unwind confirmed: Nanya −5.2% exactly as predicted. CXMT −6.5% post-results; our Reduce/FV RMB31.40 call is on track at 4.7x our TP.
This Week in AI (Aug 30-Sep 5): GPT-6 Astra and Fable 5.1 in Same Week; Moonshot Files IPO
- We tracked AI models, infrastructure, and M&A this week: OpenAI and Anthropic refreshed frontier models while Moonshot started its Hong Kong IPO process.
- MiniMax powered HUMAIN’s Arabic sovereign model, Alibaba refreshed Qwen, and Artificial Analysis kept new US frontier releases at the top of the ranking.
- Nvidia agreed to buy Hugging Face, Anthropic expanded compute financing, and AI infrastructure demand flowed through hyperscalers, hardware vendors, chips and memory.
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