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Nvidia’s 75% Margin Sets the AI Profitability Bar — But Rivals Are Closing In

Quick Summary Nvidia posted a 75.2% adjusted gross margin , among the highest in Big Tech AI hyperscalers plan  US$650B capex in 2026 , much flowing to Nvidia Rivals like  AMD, Alphabet and Amazon  are gaining traction Long-term margin sustainability remains the key investor question Margins Steal the Show While investors already expected strong demand,  NVIDIA Corp  surprised with something even more impressive: Adjusted gross margin of 75.2% , the highest since late 2024 — and management expects similar levels next quarter. For a nearly  US$5 trillion company , that margin signals extraordinary pricing power in AI hardware. AI Spending Wave Still Intact AI hyperscalers are forecasting  ~US$650 billion in capex for 2026 , up roughly 60% from 2025. Nvidia remains the primary beneficiary as demand for data centre GPUs continues to surge. But maintaining 75% margins depends on two big factors: 1️⃣  Supply Constraints Rising memory costs remain a ris...
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Seatrium Surges 3% as Property Stocks Sink on STI’s Mixed Session

Quick Summary

  • Seatrium jumped 3.17% to S$2.28, leading STI gainers

  • Offshore & marine stocks outperformed

  • UOL plunged 6.07%, biggest decliner

  • Mixed performance across Singapore REITs

STI Movers: Offshore Leads, Property Drags

On Thursday, the FTSE Singapore Straits Time Index (STI) saw selective strength, led by offshore and marine counters.

Top Gainers

  1. Seatrium Ltd

    • Close: S$2.28

    • +3.17%

  2. Yangzijiang Shipbuilding Holdings Ltd

    • Close: S$3.92

    • +1.82%

  3. Keppel DC REIT

    • +0.87%

  4. Mapletree Logistics Trust

    • +0.78%

  5. Frasers Centrepoint Trust

    • +0.44%

Key point: Offshore & marine stocks extended gains, suggesting renewed investor appetite in energy-linked plays.

Top Losers

  1. UOL Group Ltd

    • Close: S$10.68

    • -6.07%

  2. City Developments Ltd

    • -6.02%

  3. Wilmar International Ltd

    • -2.78%

  4. SATs Ltd

    • -2.27%

  5. Sembcorp Industries Ltd

    • -2.10%

Property counters were the biggest drag on the index.

REITs Movers

Top Gainers

  • Elite UK REIT +1.41%

  • Keppel DC REIT +0.87%

  • Centurion Accommodation REIT +0.87%

Top Losers

  • Lendlease Global Commercial REIT -4.17%

  • IREIT Global -1.61%

  • CapitaLand Integrated Commercial Trust -1.57%

REIT performance was mixed, with selective buying in data centre and UK-focused trusts.

Bottom Line

Seatrium led gains as offshore stocks outperformed, while property developers faced heavy selling pressure.

The divergence suggests investors are rotating into cyclical and energy-linked plays while trimming exposure to rate-sensitive property names.

Key Takeaways

  • Offshore & marine stocks led STI gainers

  • Property counters dragged index performance

  • REITs mixed, data centre names resilient

  • Market rotation theme continues

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