Commentary

Welcome to the Big Tech Week

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Technology stocks kickstart the week with a decent momentum despite swinging within gains throughout the session, only to see strength brewing in the afternoon session.

The Nasdaq rose 1.1%, while the S&P 500 jumped 0.7%. The Dow climbed 0.3%. Major technology countries like Amazon, Meta Platforms and Tesla led the gains.

Apple: New Products Launch

Yes, the excitement has been roaring back after reports on the Chinese government’s ban on its devices in government offices took centre stage last week. Today, the company will present to the world on its annual fall launch. You can expect New iPhones, Apple Watches and perhaps even AirPods.

There is no general consensus on a dramatic change in the iPhone. One key improvement may be changing the lightning connector to the general USB-C standard charging. There is also the likelihood of upgraded touches to the processors and, of course, the cameras. For the sleek look, a thinner bezel might be on the cards.

You can bet that higher prices could also be on the roll.

Alphabet: The grilling begins

Alphabet will be making a trial in Washington DC as the US Justice Department and numerous state attorneys are convinced that the company has an illegal monopoly within the internet search sphere.

Central to the argument is whether Google-parent has used its enormous market power to consolidate its dominance which could run contrary to the federal antitrust laws.

Arm Holdings: A new kid in town for the tech lover

Yes, the much-anticipated IPO of the arm is arriving on Thursday. Softbank is selling a stake in the chip design firm, which could value Arm Holdings at around $50 billion. The price setting is expected to be done on Wednesday night, and trading begins on Thursday.

We will see if this once privately held tech firm can boost the appetite of investors for technology stocks.

It is 12 Sept, 8.55 am in Singapore and 8.55 pm in New York. It has been a good first trading day of the week, and we hope all friends have a splendid day at work and in school!