MARKETS

Forgent Power Solutions shares rose nearly 12% after the company reported record quarterly results, strong bookings and backlog growth, and raised its full-year earnings guidance.

AMD shares rose 4.15% in midmorning trading as semiconductor stocks recovered from recent losses linked to concerns that AI safety debates could slow infrastructure spending.

Intel shares climbed after reports that SK hynix is considering using Intel's US capacity and CEO Lip-Bu Tan said the company can meet only about half of customer CPU demand.

Riot Platforms shares gained as investors continued backing its shift into AI data centres, following a long-term Anthropic capacity agreement worth an estimated $9.1 billion.

Salesforce shares traded nearly flat after a global outage disrupted hundreds of customer instances during Dreamforce, as investors appeared to treat the technical failure as temporary.

Cipher Digital shares rose 11.25% as investors focused on its transition from bitcoin mining to AI data centres, a growing hyperscale backlog and upcoming facility launches.

South Korea's KOSPI rose 1.37% as Samsung Electronics and SK Hynix recovered, though investors remained cautious ahead of the Federal Reserve's interest rate decision and amid geopolitical tensions.

Codan shares climbed 7.5% to $48.94, extending a year-long rally fuelled by record fiscal 2026 results, defence communications demand and renewed growth in Metal Detection.

Beach Energy shares gained 3.45% as Brent crude remained above $107 a barrel, offering relief despite weaker production, operational challenges and a 26% year-to-date decline.

Infratil shares gained 5.5% on the ASX as AI-linked stocks rebounded, with rising CDC Data Centres valuations, contracted capacity and strong growth expectations supporting the investment case.

Australia's ASX 200 recovered modestly after reaching an 11-week low, but remains under pressure from rising global bond yields, expected rate increases, AI concerns and broader market weakness.

Advanced Micro Devices shares rose 3.48% as semiconductor stocks recovered from Monday's AI-driven sell-off, despite continued uncertainty over spending, interest rates and future demand.

Dell Technologies shares rose 4.68% in midmorning trading after a sell-off, as investors focused on record AI server orders, stronger guidance and a $95 billion backlog.

Bitcoin fell to $76,150 as markets priced in a likely Federal Reserve rate rise, while sustained US spot Bitcoin ETF outflows and selling by long-term holders pressured prices.

Forgent Power Solutions reported record fourth-quarter results, with revenue up 94%, bookings soaring 375% and backlog reaching $3 billion as shares gained 10.09%.

The Nasdaq fell for a second day as investors reassessed AI infrastructure spending following safety concerns and awaited the Federal Reserve's upcoming interest rate decision.

The FTSE 100 fell 0.81% as surging oil prices linked to Strait of Hormuz disruption and rising US Treasury yields pressured global markets ahead of central bank decisions.

Japan's Nikkei 225 rose 0.20% on Tuesday as technology shares recovered from a sharp sell-off, though concerns over AI spending, interest rates and oil prices kept investors cautious.

South Korea's KOSPI recovered modestly by midday Tuesday as domestic investors bought beaten-down shares, cushioning renewed losses in Samsung Electronics and SK Hynix amid broader AI market concerns.

Telix Pharmaceuticals shares rose 11.26% after the FDA approved Pixclara, its brain cancer imaging drug, extending a rally driven by the regulatory milestone.

The ASX 200 fell to its lowest level since July as Wall Street losses, rising oil prices, AI-related technology volatility and expectations of another RBA rate increase weighed on sentiment.

Salesforce shares gained 3.73% ahead of Dreamforce 2026, where the company is expected to showcase new Agentforce AI agents, its Anthropic partnership and long-term strategy.

Warren Buffett's warning about speculative markets is drawing renewed attention as high valuations, rising oil prices, bond yields, inflation concerns and AI uncertainty unsettle investors.

Yelp shares rose 2.68% to $21.87, but remained near a 52-week low as investors weighed mixed earnings, cautious guidance, AI investments and divided analyst views.

Elon Musk has endorsed Anthropic CEO Dario Amodei's warning about advanced AI risks, even as Musk, Anthropic and OpenAI face scrutiny over their technology investments and IPO plans.

Palantir shares advanced as investors shifted away from AI chipmakers after warnings about frontier model development, while strong commercial growth supported the enterprise software company's outlook.

SanDisk shares fell 5.18% as investors assessed DeepSeek's memory-efficient AI model, renewed calls to slow frontier AI development and the potential impact on future chip demand.

SK hynix ADRs fell 6.3% as investors feared slower frontier AI development could reduce demand for high-bandwidth memory, despite record results and upbeat shipment guidance.

Broadcom shares fell 4.45% as an AI safety debate added to concerns about margin pressure, valuation and the outlook for custom AI chip spending.