BUSINESS

Kalshi traders have placed odds on Jensen Huang leaving Nvidia before 2027, as the company investigates an alleged foreign intelligence operation linked to his disclosed affair.

Monadelphous shares climbed nearly 14% after the company reaffirmed first-half revenue guidance, forecast higher profit and announced $830 million in new contracts since July.

SRG Global shares rose 5.9% as Australian mining services stocks rallied, despite no new market-sensitive announcement, following record results and upgraded FY27 guidance.

Nickel Industries shares rose 5.33% to 64.25 Australian cents amid a broad ASX rally, despite ongoing investor concerns over cash flow, nickel prices and ENC commissioning.

IMDEX shares rose 5.8% to A$3.47 as the broader Australian market rallied, extending the mining technology company's rebound after last week's sharp decline.

NRW Holdings shares rose more than 5% despite no market-sensitive announcement, tracking gains across mining services and engineering contractors after Monadelphous reaffirmed strong demand and guidance.

The ASX 200 climbed 1.31% to 9,148.1, buoyed by Wall Street gains and lower bond yields, while property stocks and small caps outperformed.

Qantas will cut about 850 Australian corporate jobs and outsource much of the work to Accenture, mainly in India, as part of a seven-year technology and AI partnership.

Apple shares gained more than 2% as analysts turned more optimistic about its AI strategy and China approved Apple Intelligence for use on additional devices.

Amazon shares gained 3.5% after JPMorgan named the company a top artificial intelligence pick, citing expected AWS growth and improving returns on cloud and AI investment.

ImmunityBio shares fell 20% after third-quarter revenue missed forecasts, despite positive Anktiva bladder cancer trial results and regulatory approval in Israel.

Arrowhead Pharmaceuticals shares dropped 15.4% after rival Ionis sharply reduced its Tryngolza sales forecast, raising concerns about demand and the pace of growth in the severe hypertriglyceridaemia market.

Ionis Pharmaceuticals shares fell 28% after the company cut its 2026 Tryngolza sales forecast, despite beating quarterly revenue and earnings expectations.

Tesla plans to wind down Cybertruck production at its Texas factory in mid-2027, redirecting capacity to the Cybercab after sales and output fell short of expectations.

Jensen Huang's admission of an affair has prompted comparisons with SK Group Chairman Chey Tae-won, but the cases differ in legal status, financial scale and corporate risks.

Singapore-based Megaspeed is facing ongoing investigations over alleged diversion of Nvidia AI chips to China, while its links to Nvidia and an executive connected to Jensen Huang draw renewed scrutiny.

CECO Environmental shares surged 33% after record third-quarter results, stronger orders and backlog, upgraded 2026 forecasts and an initial 2027 outlook following its Thermon acquisition.

Fervo Energy shares rose 15.85% ahead of its first quarterly report since Cape Station began commercial operations, while the company reported minimal revenue and continued heavy investment.

ACM Research shares rebounded 13% after a sharp post-earnings decline, as strong revenue and profit growth contrasted with margin pressure and concerns over future performance.

Cipher Digital shares rose 18% after a monthlong sell-off, despite a 63% drop in quarterly revenue, as investors focused on its growing AI data centre leasing business.

Semtech shares climbed 12.75% to $103.21 as semiconductor stocks rallied, rebounding from a steep decline while investors assessed AI data-centre demand and capacity constraints.

A divorce settlement involving Jensen Huang would be paid from his personal wealth, not Nvidia's funds, but investors could face indirect risks from share sales and leadership uncertainty.

Ventia shares fell 16.23% after new chief executive Mark Ralston announced a restructuring plan and warned that second-half fiscal 2026 revenue would decline year on year.

Dyno Nobel shares fell 11% after record explosives earnings were offset by weak cash conversion, higher net debt, a lower dividend and concerns over future risks.

Lendlease shares fell 5.4% after the termination of its Milan development sale, removing A$90 million in expected proceeds and potentially leaving A$160 million in project obligations.

Eagers Automotive shares fell nearly 5% to a fresh 52-week low, extending last week's sell-off as investors weighed thinner margins, rising costs and interest-rate pressure.

Scentre Group shares fell 4.43% as investors assessed the impact of David Jones entering administration, despite the retailer representing a limited share of the landlord's rental income.

South Korean shares recovered on Monday, led by Samsung Electronics and SK Hynix, after Friday's steep sell-off, though persistent foreign selling continued to cloud the market outlook.

Japanese stocks recovered on Monday as technology shares rebounded, lifting the Nikkei 225 by 2.19% after last week's sharp losses, while SoftBank continued to decline.