As Nvidia cools, we’re looking to Aussie AI

The Market Herald09-06

NVIDIA’s remarkable rise on the US stock market has been nothing short of extraordinary. Originally known for its dominance in gaming graphics, the company’s evolved into a major force in artificial ...

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Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NVIDIA’s remarkable rise on the US stock market has been nothing short of extraordinary. \nOriginally known for its dominance in gaming graphics, the company’s evolved into a major force in artificial ...</p>\n\n<a href=\"https://themarketonline.com.au/as-nvidia-cools-were-looking-to-aussie-ai-2024-09-06/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B5949003.HKD","symbol_name":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","start_time":0,"source_url":"https://themarketonline.com.au/as-nvidia-cools-were-looking-to-aussie-ai-2024-09-06/","article_id":"2465464441","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465464441","pubTimestamp":1725590580,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"NVIDIA’s remarkable rise on the US stock market has been nothing short of extraordinary.Originally known for its dominance in gaming graphics, the company’s evolved into a major force in artificial intelligence and data processing.From AI-powered research to autonomous vehicles, NVIDIA’s graphics processing units  have become the foundation of AI and machine learning, cementing its place at the heart of the tech world.This transformation has catapulted the company’s market valuation, making it one of the most valuable players globally.However, after more than tripling in value over six months before reaching its peak in June, NVIDIA’s share price has started to cool, dropping more than 20 per cent.For investors who feel they’ve missed Nvidia, the question is: Could there be an Australian equivalent primed for a similar meteoric rise?While the ASX might not have a company of NVIDIA’s size, Australia’s technology sector is brimming with potential, particularly when it comes to AI, softwa","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","MGR.AU":"MIRVAC GROUP","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK7129":"钢铁","BK4529":"IDC概念","BRN":"Barnwell Industries Inc","L":"洛斯公司","BK4213":"石油与天然气的勘探与生产","3NVD.UK":"LS 3X NVIDIA","WBT":" Manitowoc Food Service","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","FMG.AU":"FORTESCUE LTD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK4592":"伊斯兰概念","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","AXE.AU":"ARCHER MATERIALS LTD","BK7007":"医疗保健设备","CHC.AU":"CHARTER HALL GROUP","BK4585":"ETF&股票定投概念","MIN.AU":"MINERAL RESOURCES LTD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP 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ETP","XKO.AU":"标普/澳交所 300指数"},"translate_title":"随着英伟达降温，我们正在关注澳大利亚人工智能","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRN.AU":1,"AXE":1,"AXE.AU":1,"BRN":1,"CHC.AU":1,"WBT.AU":1,"WBT":1,"MIN.AU":1,"MGR.AU":1,"FMG.AU":1,"FPH.AU":1,"XKO.AU":0.74,"XAO.AU":0.74,"XJO.AU":0.74,"L":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"NVIDIA’s remarkable rise on the US stock market has been nothing short of extraordinary. \nOriginally known for its dominance in gaming graphics, the company’s evolved into a major force in artificial intelligence and data processing. \nFrom AI-powered research to autonomous vehicles, NVIDIA’s graphics processing units (GPUs) have become the foundation of AI and machine learning, cementing its place at the heart of the tech world. \nThis transformation has catapulted the company’s market valuation, making it one of the most valuable players globally.\nHowever, after more than tripling in value over six months before reaching its peak in June, NVIDIA’s share price has started to cool, dropping more than 20 per cent. \nFor investors who feel they’ve missed Nvidia, the question is: Could there be an Australian equivalent primed for a similar meteoric rise?\nWhile the ASX might not have a company of NVIDIA’s size, Australia’s technology sector is brimming with potential, particularly when it comes to AI, software, and high-performance computing. Here are three ASX Listed companies that we believe could be the next big thing in tech.\nWeebit Nano (WBT)\nWBT has positioned itself as a significant player in the tech world with its next-generation semiconductor memory technology. \nAs demand for AI and data-intensive applications grows, Weebit Nano’s innovative technology could see it rise to prominence, much like NVIDIA’s GPUs have done in graphics and AI processing.\nWhile Weebit’s share price has experienced a significant decline since March 2023, it has fallen over 70 per cent to now be trading around the $2 mark. \nThe good news is that this is a strong support level that has historically served as a launching point for previous rallies. If price can stabilise and attract buying interest at this level, there’s potential for a rebound towards the $4.50 range.\nBrainChip Holdings (BRN)\nBRN is pioneering the development of neuromorphic computing, which mimics the human brain’s structure and function to process information. \nThis technology has the potential to revolutionise AI by making it faster and more energy efficient. \nIf this technology gains traction, BrainChip could be positioned as a global leader in next generation AI hardware.\nBrainChip’s share price saw an impressive surge of over 200 per cent in February this year, only to retrace back to its starting level of around $0.15, which is a crucial support level for the stock, serving as a key threshold for investors. \nIf the price breaks below this support level, it may signal further declines. However, if price holds, we could see a significant rally.\nArcher Materials (AXE)\nAXE is pioneering developments in quantum computing with its 12CQ chip project. \nThis cutting-edge technology aims to revolutionise computing power and efficiency. \nIf successful, Archer could become a major player in the quantum computing field. \nWhile this sounds exciting, the share price has been on a long-term downtrend since August 2021, losing over 90 per cent. \nEventually, the price will need to find a floor, and the $0.16 level appears to be a strong candidate. \nSince this level is still about 30 per cent away, it may be wise to watch and wait for a potential rebound.\nWhile Australia’s technology sector may still be in its early growth phase, companies like these demonstrate that the potential for a home grown tech giant is very real and very exciting. \nAs the world continues to embrace AI and advanced computing, these companies could very well be the ones to watch, offering investors a chance to get in on the ground floor of the next big tech wave.\nBest & worst performing sectors this week\nThe best-performing sectors include Information Technology and Financials, both up over one per cent, followed by Real Estate, up just under one per cent. \nThe worst-performing sectors include Energy, down more than 6 per cent, followed by Materials, down over 5 per cent and Utilities, down some 3 per cent.\nThe best performing stocks in the ASX top 100 include Charter Hall (ASX:CHC), up over 5 per cent, followed by Fisher and Paykel Healthcare (ASX:FPH), up more than 4 per cent, and Mirvac Group (ASX:MGR), up over 3 per cent. The worst-performing stocks include Minerals Resources (ASX:MIN), down more than 19 per cent, followed by Pilbara Minerals (ASX:PLS), down 13 per cent, and Fortescue (ASX:FMG), down 11 per cent.\nWhat’s next for the ASX?\nWith the All Ordinaries Index dropping more than 1.5 per cent so far this week – with the fall occurring on Wednesday – investors might be questioning our market. \nThe past week has seen a change in sentiment given that the All Ordinaries Index had closed higher on 12 out of 15 trading days from August 5 to now only be closing higher on 3 of the last 7 trading days. \nGiven the strong run…\nIt’s not surprising the market is taking a breather\nThe question that remains is whether we will see a push from the buyers in the short term to break to a new all-time high.\nIf we see our market close high on Friday and erase some of this week’s losses, it’s very possible we will see a move up to challenge the all-time high of 8375.80 points set in August. \nFor that to occur, the Materials sector needs to turn around, and the Financial sector needs to remain strong. \nI have mentioned many times that when Financials and Materials rise together, our market will be bullish, and there is no reason to suggest that if these two large sectors move, we will not see a break of the all-time high and a sustained bull market until November.\nAgain, regardless of the market’s broader direction, it’s essential to stay focused on individual stocks, as that is what you invest in. \nIt is also crucial to have a well-thought-out strategy rather than follow the herd. This means having rules for buying, selling and actively managing your trades.\nFor now, good luck and good trading.\nDale Gillham is the Chief Analyst at Wealth Within and the international bestselling author of How to Beat the Managed Funds by 20%. He is also the author of the bestselling and award-winning book Accelerate Your Wealth—It’s Your Money, Your Choice, which is available in all good bookstores and online at www.wealthwithin.com.au. \nDisclaimer: While Wealth Within holds an Australian Financial Services License (AFSL:226347) the information featured in this program is general in nature and therefore should not be relied upon. \nBefore making any investment decisions, you should consult a licensed professional who can advise whether your investment decisions are appropriate for you.\nThe material provided in this article is for information only and should not be treated as investment advice. \nViewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2465464441"}