Kevin Smith

Cerebras stages spectacular stockmarket debut in Nvidia's shadow

Cerebras Systems delivered one of the most impressive IPOs of the year on Wall Street on Thursday. The California-based AI chipmaker shares opened at $350 on the Nasdaq, a staggering 89% premium over its IPO price of $185 per share. The transaction raised $5.55bn through the sale of 30 million shares, yielding an initial fully diluted valuation of $56.4bn.

15 May 2026 at 07:30 am AEST

OpenAI Criticizes Apple for Limiting ChatGPT's Reach on iPhone

OpenAI is preparing potential legal action against Apple, according to Bloomberg, as the partnership announced between the groups in 2024 has significantly deteriorated. The startup's lawyers are working with external counsel on several options, which could include sending a formal notice alleging breach of contract, without necessarily leading to an immediate formal lawsuit.

15 May 2026 at 05:54 am AEST

Finance: Why the rich get the best deals

One of the cornerstones of financial capitalism rests on a rather cruel rule: the less money you have, the more it costs you. In reality, lending is not restricted solely to the wealthy, but loans granted to the rich come with far more advantageous terms. Let us examine why.

15 May 2026 at 12:31 am AEST

Troubling Parallels at Cisco Systems

Exactly twenty-six years ago, just before the dot-com bubble burst, Cisco held the crown as the world's most highly valued company, accounting for 5% of the Nasdaq index on its own.

14 May 2026 at 11:35 pm AEST

In Argentina, Milei Accelerates the Great State Sell-Off

In Buenos Aires, the words echoing through the corridors of power are no longer just "inflation," "deficit," or "peso." They are "divestment," "concession," "tender," and "share package." After spending over two years compressing spending, breaking inflationary inertia, and attempting to reorder public accounts, Javier Milei's government is entering a new phase: selling.

14 May 2026 at 06:32 pm AEST

Nokia: The Cisco Effect

Already a favorite among investors as an "AI" play (+113% in 2026), Nokia is gaining further momentum this morning following Cisco's latest earnings release. The stock is up 9%, climbing back to levels not seen in 16 years!

14 May 2026 at 05:56 pm AEST

Fervo Energy makes strong Nasdaq debut riding the AI power wave

Fervo Energy successfully entered the Nasdaq on Wednesday, surging 33% in its market debut as AI-driven electricity demand continues to bolster investor appetite for energy infrastructure. The Texas-based group, trading under the ticker "FRVO", opened at $36, representing a 33% premium over its $27 IPO price. This rally brings its valuation to approximately $10.2bn.

14 May 2026 at 06:01 am AEST

Copper: The Drivers Behind the New Record Highs

Copper hit new record highs this week around $14,700 per tonne, extending its year-to-date rally to +17% and over 40% year-on-year. This surge is primarily fueled by three catalysts: robust Chinese demand, growing requirements for power grids and data centers, and mining supply that is struggling to keep pace.

14 May 2026 at 05:58 am AEST

Have the financial markets become too fast to be intelligent?

Modern markets react in milliseconds to data that few humans have the time even to read, let alone understand. Algorithms, high-frequency trading, ETFs, systematic flows: a growing share of trading is triggered by rules, signals and automated arbitrage. This speed has made markets more liquid, and at times more efficient, but also more jittery. What role remains for the human element in this situation?

13 May 2026 at 11:37 pm AEST

No miracles at Alstom

How can Alstom shake off the structural discount on its equity?

13 May 2026 at 09:46 pm AEST

Siemens AG misses expectations but reassures with strong order intake

The German industrial conglomerate has posted mixed quarterly results. While revenue and industrial profit fell short of expectations, a sharp rise in orders confirmed the strength of the backlog. The stock was trading slightly higher this morning.

13 May 2026 at 09:21 pm AEST

Adecco sinks to ten-year lows

This morning, quarterly results from the Swiss staffing giant were largely snubbed by investors.

13 May 2026 at 09:14 pm AEST

Holcim: Cement maker seeks new status

Holcim has long been perceived as a mere cyclical cement manufacturer, exposed to energy costs and carbon quotas. However, since the spin-off of its North American operations, the Swiss group has been striving to shift this narrative. It aims to convince the market that it deserves to be valued as a high-quality industrial stock.

13 May 2026 at 06:48 pm AEST

SAP invests in n8n to bolster Joule Studio in agentic AI

SAP is accelerating its enterprise AI strategy with a strategic investment in n8n, the Berlin-based startup specializing in workflow orchestration and AI agents. The deal values n8n at $5.2bn, more than doubling its valuation from less than a year ago, while accompanied by a multi-year commercial partnership.

13 May 2026 at 03:59 pm AEST

Nokia regains upper hand in video patent dispute against Acer and Asus

Nokia secured a significant legal victory in the UK on Tuesday in its ongoing conflict with Acer and Asus regarding patents related to video coding technologies.

13 May 2026 at 03:54 pm AEST

GLP-1: Winners and Losers in Shifting Consumer Habits

GLP-1 drugs are reshaping consumer habits, with an impact that is still unclear today, but which is poised to weigh more heavily on corporate earnings by 2030.

13 May 2026 at 03:48 pm AEST

Market Applauds Vodafone's Restructuring

The British telecom giant continues to overhaul its portfolio through a series of strategic divestments and acquisitions.

12 May 2026 at 09:43 pm AEST

Uniper richly valued on the eve of its reprivatization

Brought to its knees by the German-Russian divorce, then rescued in the midst of a collapse by the Federal State, the German energy giant has reached a new crossroads.

12 May 2026 at 06:49 pm AEST

S&P 500: Strongest Earnings Growth Since 2021, Fueled by AI

The Q1 earnings season is currently providing a solid case for investors defending the Wall Street rally. According to FactSet, 89% of S&P 500 companies have reported their results, with 84% beating EPS estimates and 80% exceeding revenue expectations - figures that sit well above historical averages.

12 May 2026 at 04:10 pm AEST

Is AI Inflationary or Deflationary?

Artificial intelligence promises a revolution in terms of productivity, leading to a wealthier, more efficient, and perhaps even more solvent economy. However, in the bond markets, this grand promise has yet to deliver the expected shock: announcements of increasingly efficient AI models have neither pushed down US yields nor visibly reduced the country's fiscal risk premium. In other words, while Wall Street admires the technology, the rates market is still waiting for proof.

11 May 2026 at 11:36 pm AEST

Pool Corp caught by the laws of gravity on the stock market

The American distributor of swimming pool equipment and supplies, which largely dominates its sector in terms of geographic footprint and market share, is suffering the knock-on effects of the real estate market downturn.

11 May 2026 at 08:43 pm AEST