Sectors: Technology
Nvidia plunged ~17% overnight as the emergence of DeepSeek posed valuation concerns to the $US2.9 trillion Californian-based AI behemoth. The emergence of the Chinese start-up has possibly made a competitive AI model for a fraction of the billions Silicon Valley is spending, leading investors to adopt an “if in doubt, get out approach”
Hi Market Matters
Can I have your view on Life360. Currently around $25 -has been as high as $27. What price target do you have on it?
At what price would you lighten and take some profit? or would you continue to hold?
regards
Debbie
NFLX was the only major tech name managing to eke out strong gains overnight, adding to the previous sessions’ drive higher after the streaming business reported its fourth-quarter earnings on Tuesday.
NWL +1.67%: Ended higher though it was a volatile session with traders taking advantage of early strength following a good quarterly.
PPS +11.84%: A good session for the minor in the platform space today delivering a positive quarter for net inflows with: 1) SMA net inflows above our expectations, 2) Spectrum producing maiden quarterly net inflows of ~$70 million, and 3) Powerwrap returning to positive net inflows following five consecutive quarters of net outflows.
Oracle (ORCL US) surged overnight after Trumps Stargate announcement but the $US520bn tech giant was already enjoying a strong few years, with this week’s news just giving the stock another leg-up. ORCL shares jumped ~7% on news that the software maker is involved in a joint venture with OpenAI and SoftBank to build AI intelligence infrastructure in the U.S.
We touched on HUB earlier in the week after they delivered a strong second-quarter result, with total Funds Under Administration (FUA) reaching a record $120.9 billion.
Last week, we exited our long-held position in Apple (AAPL US), taking a ~380% profit for the International Equities Portfolio – a great result but as we said at the time, all good things come to an end.
HUB +11.04%: A strong second-quarter results with total Funds Under Administration (FUA) reaching a record $120.90 billion.
Moving into Christmas and after its +3.5% rally overnight, we thought it apt to revisit the AI sensation of recent years’ chip maker Nvidia, the “picks and shovels” start of this next industrial revolution.
