This Month
Meta stock bulls look for next rally catalyst
Meta’s annual Connect conference kicks off this week, with industry buzz around the latest technology reveal and updated by chief executive Mark Zuckerberg.
- Carmen Reinicke
Will AI be a bust? A Goldman Sachs sceptic rings the alarm
Jim Covello, the bank’s head of stock research, warns that building too much of what the world doesn’t need “typically ends badly”.
- Tripp Mickle
The five most powerful Australian tech leaders in 2024
The biggest deal of the year, the end of an era at Atlassian and the rising influence of super funds helped to shape the list of technology’s most powerful in 2024.
- Updated
- Paul Smith
ASX to drop from record as traders brace for more RBA hawkishness
Futures indicate the ASX 200 will drop 0.8 per cent at the opening bell on Monday after a week of optimism. Markets in the US closed slightly lower on Friday.
- Alex Gluyas
A $12.5b luxury fashion merger turns ugly
Michael Kors was among those called to testify as US regulators try to block a blockbuster deal between the owners of Coach and his brand.
- Amelia Pollard
It’s tough to make an outsize return in cybersecurity, big funds say
Hack ETF, an index that tracks the performance of the global cybersecurity sector, was up 72 per cent in five years. The S&P500 rose 87 per cent in that time.
- Updated
- Cecile Lefort
CBA explores replacing local call centre staff with AI
The bank has begun testing its Hey CommBank platform, which would significantly expand the use of artificial intelligence in customer interactions.
- Paul Smith
Oliver Curtis rides the AI wave to make a $447m fortune in Singapore
The former investment banker went down in a high-profile insider trading scandal. But with data centre cooling technology, he’s back and richer than ever.
- Jessica Sier
Investors have forgotten the lessons of the dotcom crash
MSCI’s head of research Ashley Lester has some thoughts on what many analysts have warned is the next bubble: the rapid rise in US tech valuations.
- Joshua Peach
Inside the high-tech sheds worth $24b to AirTrunk
From a single room holding a hard-working mainframe, data centres have evolved into major pieces of high-powered, high-tech infrastructure.
- Campbell Kwan
- Opinion
- Chanticleer
Why Nvidia’s plunge has global markets on edge
A historic fall in the chipmaker’s shares was followed by news it is in the sights of competition regulators. Nervous investors are looking over their shoulders.
- James Thomson
- Opinion
- Investing
How Australia’s ‘magnificent 10’ contributed to returns over 20 years
How costly was failing to pick the ASX’s 10 top performers over the past two decades? Vanguard did the sums
- Carole Okigbo
August
A trip to Europe tops a new fridge, says Harvey Norman chairman
Gerry Harvey says households without a mortgage would rather travel than upgrade kitchen appliances, with the retailer reporting a 35 per cent drop in profit.
- Simon Evans
- Analysis
- The Breakdown
Why Nvidia, Apple and OpenAI need to strike a big deal
Microsoft has long been a major investor in the ChatGPT maker, now the two biggest companies in the world look like jumping on board, and OpenAI needs them.
- Paul Smith
Star too big to fail; Harris’ GOP surprise; NAB bankers jump to CBA
Read everything that’s happened in the news so far today.
Apple, Nvidia in talks to invest in OpenAI valuing it at $147b
The technology giants would join a multibillion-dollar funding round alongside Microsoft and Thrive Capital that would value the start-up at $147 billion.
- Cade Metz, Michael J. de la Merced and Tripp Mickle
These early Nvidia backers are offloading their shares – for now
Some early Australian investors of the AI darling were positioned for a sharp sell-off in the shares this week, including Munro Partners, but a re-acceleration in the chipmaker’s earnings is also in their sights.
- Alex Gluyas
CBA’s Matt Comyn grilled; PM’s hot mic moment; Why doubts dog Nvidia
Read everything that’s happened in the news so far today.
- Analysis
- Earnings season
Nvidia’s fall shows ‘just great’ isn’t good enough any more
On the surface everything was rosy in Nvidia’s market-shifting earnings call, so why have investors headed for the door?
- Updated
- Paul Smith
- Opinion
- Chanticleer
Why Nvidia’s stunning quarter still leaves room for doubt
The debate about the AI market darling isn’t whether it is fabulously profitable or growing like a rocket ship, but whether its growth can keep going.
- James Thomson
