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Moving on, here are the news that shocked the world…

Nvidia $NVDA ( ▲ 0.86% ) : Nvidia’s 3Q result blew past expectations. Revenue and profit grew by 62.5% and 65.3% respectively as data centre demand drove much of its growth [Read More]

Alphabet $GOOGL ( ▲ 0.29% )  : Alphabet getting an A+ from Warren Buffett. Berkshire Hathaway bought about US$4.3 billion of its stocks [Read More]

Adobe $ADBE ( ▼ 0.01% )  : Adobe is purchasing Semrush for US$1.9 billion to take advantage of its AI capabilities in the marketing space [Read More]

Walmart $WMT ( ▲ 0.79% ) : Walmart raised its earnings forecast after revenue and profits grew by 5.8% and 29% on higher e-commerce sales [Read More]

Target $TGT ( ▼ 0.97% )  : Target is not on target this quarter. Profits dropped by 19% as it continues to face stiff competition within the industry. [Read More]

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Here are the news covering the Asia market…

PDD Holding: PDD Holding’s profits rose by 14%, boosted by heavy marketing and discount campaigns improved demand in China [Read More]

CSE Global: CSE Global’s 3Q revenue rose by 20.5% driven by its electrification business that rose by nearly 40%. [Read More]

Nam Cheong: Nam Cheong’s earnings were down by 3% for 3Q, while revenue declined by 15% as it comes off from a high base from last year’s strong performance [Read More]

Sanli Environmental: Profits were up by 32% as it disposed of a property at 28 Kian Teck Drive. However, revenue was down 3.3% on lower contribution from completed projects [Read More]

Hongkong Land: Hongkong Land reported lower profits by 13% as Hong Kong properties contributed less while it incurred more cost for prime properties investment in China [Read More]

See below for our handpicked analyst reports:

Interested in a billionaire story this week?

Alphabet is our stock of the week.

And for a simple reason.

Berkshire Hathaway has taken a US$4.3 billion in the tech company. And Warren Buffett has given his seal of approval.

Share price has risen by as much as 6% since the announcement.

• Year-to-date, it has risen by 51%, making it one of the stand-out performer of the Mag 7.

There are two important shifts happening to Alphabet.

• Scaling of its AI capabilities for commercial purposes. Gemini AI now has 650 million customers.

• Google Cloud segment’s revenue rose by 34%.

Furthermore, Alphabet is trading at a relatively cheaper valuation.

• Price-to-earnings ratio is at 28 times compared to other Mag 7 companies like Amazon (30.4x), Nvidia (44.2x), Tesla (258 times).

And Alphabet still has legs to run.

Hope the above is fruitful for you all..

Cheers,
James Yeo