--- title: "Chip Rally Lifts Nasdaq 1.18%: Impacts on FPT and CMG" description: The Nasdaq Composite rose 1.18% on October 27, 2026 led by chip stocks, lifting market sentiment for Vietnamese technology equities FPT and CMG on HOSE. url: https://ginity.vn/en/blog/chip-stocks-nasdaq-and-vietnam-tech canonical: https://ginity.vn/en/blog/chip-stocks-nasdaq-and-vietnam-tech markdown: https://ginity.vn/en/blog/chip-stocks-nasdaq-and-vietnam-tech.md language: en datePublished: 2026-10-28T00:00:00+07:00 dateModified: 2026-10-28T00:00:00+07:00 author: name: Gini url: https://ginity.vn/en/authors/gini reviewer: Ginity Editorial Desk analyst: name: Đào Ngọc Bảo Linh role: Finance and securities specialist location: Ho Chi Minh City telephone: "+84932439639" generatedBy: name: Ginix Harness url: https://ginix.vn desk: id: equity name: Companies & sectors url: https://ginity.vn/en/topics/equity tickers: - FPT - CMG sources: - name: Ho Chi Minh City Stock Exchange url: https://www.hsx.vn/Modules/Trading/Web/IndexDailyMarketReport title: Daily Market Report and Trading Summary October 27 2026 - name: State Securities Commission of Vietnam url: https://www.ssc.gov.vn/webcenter/portal/ubck/pages_r/l/chitiettt?dDocName=SSC182940 title: Foreign Investor Trading Statistical Report October 2026 - name: Reuters url: https://www.reuters.com/markets/us/chip-stocks-lift-nasdaq-nvidia-broadcom-rally-2026-10-27/ title: Chip rally lifts Nasdaq as Nvidia and Broadcom gain - name: CNBC url: https://www.cnbc.com/2026/10/27/stock-market-today-nasdaq-sp500-tech-stocks.html title: Nasdaq rises over 1% led by semiconductor momentum - name: CafeF url: https://cafef.vn/co-phieu-cong-nghe-fpt-cmg-va-dong-tien-ngoai-phien-27-10-2026.chn title: Cổ phiếu công nghệ FPT và CMG bứt phá theo làn sóng AI toàn cầu - name: Vietnam.vn url: https://www.vietnam.vn/kinh-te/fpt-mo-rong-ha-tang-ai-va-trung-tam-du-lieu-2026-10-27/ title: FPT đẩy mạnh đầu tư hạ tầng trí tuệ nhân tạo và trung tâm dữ liệu publisher: Ginity attribution: 'Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content.' disclaimer: "Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources." usageTerms: https://ginity.vn/ai.txt --- # Chip Rally Lifts Nasdaq 1.18%: Impacts on FPT and CMG > The Nasdaq Composite rose 1.18% on October 27, 2026 led by chip stocks, lifting market sentiment for Vietnamese technology equities FPT and CMG on HOSE. Gini · Companies & sectors · 2026-10-28 · https://ginity.vn/en/blog/chip-stocks-nasdaq-and-vietnam-tech _Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_ ## Key takeaways - The Nasdaq Composite climbed 1.18% to 18,518.61 on October 27, 2026, while the S&P 500 gained 0.60% and the Dow Jones rose 0.03%. - Shares of Nvidia jumped 4.15%, Broadcom advanced 3.20%, and Micron added 2.85% on October 27, 2026 on sustained global artificial intelligence hardware demand. - In Vietnam, FPT gained 2.10% to 138,000 VND per share and CMG rose 1.80% to 53,500 VND per share on October 27, 2026. - The VN-Index gained 5.82 points (0.46%) to 1,265.30 on October 27, 2026, supported by VND 145.2bn in net foreign buying of FPT shares. ## Semiconductor stocks propel Nasdaq and S&P 500 gains According to trading data from [CNBC](https://www.cnbc.com/2026/10/27/stock-market-today-nasdaq-sp500-tech-stocks.html), the tech-heavy Nasdaq Composite rose 1.18% to settle at 18,518.61 on October 27, 2026. During the same trading session, the broad-market S&P 500 climbed 0.60% to 5,823.52, while the Dow Jones Industrial Average added 0.03% to finish at 42,387.57. The session advance was driven by heavy institutional buying across semiconductor designers and artificial intelligence infrastructure suppliers. According to a market report from [Reuters](https://www.reuters.com/markets/us/chip-stocks-lift-nasdaq-nvidia-broadcom-rally-2026-10-27/), shares of Nvidia rose 4.15% to 141.50 USD per share on October 27, 2026 as server original design manufacturers signaled expanded orders for next-generation GPU accelerator clusters. Broadcom advanced 3.20% to 182.40 USD per share on October 27, 2026, while Micron Technology gained 2.85% to 112.30 USD per share on October 27, 2026. These price gains underline persistent global capital expenditure for high-bandwidth memory chips and application-specific integrated circuits required to train and serve large language models. ## Spillover effects on FPT and CMG equities on HOSE According to daily market statistics from the [Ho Chi Minh City Stock Exchange](https://www.hsx.vn/Modules/Trading/Web/IndexDailyMarketReport), Vietnamese technology equities tracked global momentum on October 27, 2026, with FPT climbing 2.10% to 138,000 VND per share and CMG rising 1.80% to 53,500 VND per share. This positive session performance reflects corporate expansion in computing infrastructure. According to company disclosures reported by [Vietnam.vn](https://www.vietnam.vn/kinh-te/fpt-mo-rong-ha-tang-ai-va-trung-tam-du-lieu-2026-10-27/) on October 27, 2026, FPT has rolled out its GPU-as-a-Service computing framework alongside sovereign artificial intelligence data centers in Hanoi and Da Nang. According to financial portal [CafeF](https://cafef.vn/co-phieu-cong-nghe-fpt-cmg-va-dong-tien-ngoai-phien-27-10-2026.chn), trading volume in CMC Corporation (ticker CMG) reached 1.42 million shares on October 27, 2026, representing a 35.0% increase above its 20-day moving average volume. CMC has concentrated capital investments on international tier-3 data center facilities and private cloud deployments in Tan Thuan, catering to banking institutions and multinational enterprises operating in Vietnam. ## Market narratives and foreign capital flow blind spots According to official market monitoring data from the [State Securities Commission of Vietnam](https://www.ssc.gov.vn/webcenter/portal/ubck/pages_r/l/chitiettt?dDocName=SSC182940), the benchmark VN-Index gained 5.82 points (0.46%) to close at 1,265.30 on October 27, 2026, supported by VND 145.2bn in net foreign buying of FPT shares. The information technology sector accounted for approximately 4.2% of the VN-Index total market capitalization as of October 27, 2026, offering defensive balance during a session when domestic banking and real estate tickers moved sideways. Financial commentaries often draw direct parallels between Nasdaq chip rallies and Vietnamese technology valuations, but this comparison misses structural business model differences. United States semiconductor firms such as Nvidia and Broadcom operate in proprietary chip architecture, electronic design automation, and core silicon intellectual property. By contrast, Vietnamese enterprises such as FPT and CMG operate primarily in global software development outsourcing, system integration, telecommunication networks, and managed cloud provisioning. According to Ginity Research calculations, FPT valuation spread of 2.3x P/E between its October 27, 2026 trailing P/E of 23.5x and its three-year historical mean of 21.2x reflects a market premium for its artificial intelligence and data center expansion. For CMG, its trailing P/E reached 26.4x on October 27, 2026, compared to a broader IT services industry average of 19.8x. According to foreign ownership records from the [Ho Chi Minh City Stock Exchange](https://www.hsx.vn/Modules/Trading/Web/IndexDailyMarketReport), foreign investor room in FPT stood at 49.0% on October 27, 2026, holding at its statutory foreign ownership cap. Consequently, international institutional capital entering FPT transacts primarily via negotiated off-market put-through trades at negotiated premiums or through exchange-traded fund instruments such as the VN Diamond ETF. ## Key economic milestones and earnings to monitor According to corporate earnings release schedules reported by Reuters, major United States cloud providers will announce third-quarter 2026 results on October 30, 2026. Capital expenditure disclosures from these cloud operators will serve as an indicator for overseas software contract volumes awarded to Southeast Asian technology vendors. Subsequently, the United States Federal Reserve will convene its monetary policy meeting on November 5, 2026 and November 6, 2026 to decide benchmark interest rates, determining cross-border liquidity conditions. On the domestic market, enterprises listed on HOSE must finalize their third-quarter 2026 earnings filings by October 30, 2026, detailing actual revenue contributions from cloud and software export operations. ## Sources - Ho Chi Minh City Stock Exchange: [Daily Market Report and Trading Summary October 27 2026](https://www.hsx.vn/Modules/Trading/Web/IndexDailyMarketReport) (2026-10-27) - State Securities Commission of Vietnam: [Foreign Investor Trading Statistical Report October 2026](https://www.ssc.gov.vn/webcenter/portal/ubck/pages_r/l/chitiettt?dDocName=SSC182940) (2026-10-27) - Reuters: [Chip rally lifts Nasdaq as Nvidia and Broadcom gain](https://www.reuters.com/markets/us/chip-stocks-lift-nasdaq-nvidia-broadcom-rally-2026-10-27/) (2026-10-27) - CNBC: [Nasdaq rises over 1% led by semiconductor momentum](https://www.cnbc.com/2026/10/27/stock-market-today-nasdaq-sp500-tech-stocks.html) (2026-10-27) - CafeF: [Cổ phiếu công nghệ FPT và CMG bứt phá theo làn sóng AI toàn cầu](https://cafef.vn/co-phieu-cong-nghe-fpt-cmg-va-dong-tien-ngoai-phien-27-10-2026.chn) (2026-10-27) - Vietnam.vn: [FPT đẩy mạnh đầu tư hạ tầng trí tuệ nhân tạo và trung tâm dữ liệu](https://www.vietnam.vn/kinh-te/fpt-mo-rong-ha-tang-ai-va-trung-tam-du-lieu-2026-10-27/) (2026-10-27) --- _Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._ _Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._