In a week marked by significant developments in the stock market, NVIDIA has made headlines with its impressive earnings report, alleviating investor fears regarding an artificial intelligence bubble. The AI giant reported a remarkable third-quarter revenue of $57.01 billion, surpassing Wall Street’s expectations of $54.92 billion. Its adjusted earnings per share of $1.30 also exceeded the anticipated $1.25.
The robust performance was buoyed by the success of NVIDIA’s data center division, which brought in $51.2 billion, outperforming the forecast of $49.09 billion. The company’s optimistic fourth-quarter guidance of approximately $65 billion—well above the expected $61.66 billion—further solidified its standing. CEO Jensen Huang disclosed that NVIDIA currently holds around $500 billion in orders for the years 2025 and 2026, with CFO Colette Kress hinting that this number is likely to grow. With demand for its next-generation Blackwell chips expected to outstrip supply for several quarters, NVIDIA continues to assert its dominance in the AI chip market despite concerns about high valuations and competition.
On a global front, Singapore’s equities market has been energized by multiple initiatives aimed at enhancing market liquidity and attracting international investors. The Monetary Authority of Singapore (MAS) has recently allocated S$2.85 billion to six asset managers as part of its Equity Market Development Programme (EQDP). This brings the total investment under the program to S$3.95 billion across nine managers, including notable firms like BlackRock and Lion Global Investors. The EQDP is designed to bolster Singapore’s fund management industry and increase local equity market participation through diverse investment strategies and expert management.
In addition, MAS introduced a S$30 million “Value Unlock” programme aimed at helping listed companies enhance investor engagement and shareholder returns. This initiative provides firms with tools to improve their corporate strategies, optimize capital, and strengthen investor relations while also clarifying regulations concerning forward-looking communications.
Adding to Singapore’s competitive edge, SGX and Nasdaq have announced a transformative dual-listing partnership set to launch by mid-2026. This initiative intends to ease access to cross-border capital for growth-oriented companies with market capitalizations of at least S$2 billion, allowing them to target both North American and Asian capital markets simultaneously. Utilizing a harmonized framework, the arrangement will enable companies to use a single set of offering documents to navigate regulatory complexities effortlessly.
This announcement comes at a time when Singapore is leading the Southeast Asian IPO landscape, having raised over S$2 billion this year. Noteworthy debuts include UltraGreen.ai’s US$400 million listing, further positioning Singapore as a prime gateway for Asian companies aiming for global expansion while attracting international investor interest.
Furthermore, SGX unveiled plans to democratize equity investing by reducing its board lot size for stocks priced above S$10 from 100 to just 10 units. This tenfold decrease in the minimum investment requirement will allow retail investors to participate in blue-chip and index stocks with significantly lower capital outlays, aligning Singapore’s practices with global standards to broaden market participation.
SGX is also modernizing its post-trade custody model to facilitate the adoption of broker custody accounts, which will open up broader investment services such as portfolio management, fractional trading, and robo-investing.
These dynamic developments in both the tech sector through NVIDIA and the financial landscape in Singapore underline a period of opportunity and growth for investors, further enhancing the appeal of both markets as investment destinations.
