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Episode 23: Nvidia becomes worlds most valuable... for a day
Equities saw mixed performance this week, with AI mega caps hitting record valuations, despite broader market weakness and a cautious outlook from the Federal Reserve.
Stock Highlights
Dexus (DXS): Dexus announced a valuation decrease of approximately $1.3 billion, or 9%, in its portfolio, driven by declines in office properties due to higher capitalisation and discount rates.
Guzman y Gomez (GYG): Shares surged 36% on the first trading day, reaching a market cap of $3 billion. This marks the largest local float in three years and has boosted optimism in the listings market.
Tabcorp (TAH): Gillon McLachlan, former AFL CEO, has been appointed as the new CEO of Tabcorp, starting August 5, pending regulatory approval.
Trade of the Week
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By MPC MarketsEquities saw mixed performance this week, with AI mega caps hitting record valuations, despite broader market weakness and a cautious outlook from the Federal Reserve.
Stock Highlights
Dexus (DXS): Dexus announced a valuation decrease of approximately $1.3 billion, or 9%, in its portfolio, driven by declines in office properties due to higher capitalisation and discount rates.
Guzman y Gomez (GYG): Shares surged 36% on the first trading day, reaching a market cap of $3 billion. This marks the largest local float in three years and has boosted optimism in the listings market.
Tabcorp (TAH): Gillon McLachlan, former AFL CEO, has been appointed as the new CEO of Tabcorp, starting August 5, pending regulatory approval.
Trade of the Week