(RTTNews) - The Australian market is extending its early sharp gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,600 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks. The benchmark S&P/ASX 2...
(RTTNews) - The Australian market is extending its early sharp gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,600 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks. The benchmark S&P/ASX 200 Index is gaining 142.50 points or 1.68 percent to 8,639.10, after touching a high of 8,649.70 earlier. The broader All Ordinaries Index is up 142.60 points or 1.64 percent to 8,859.60. Australian stocks ended sharply lower on Wednesday. Among major miners, Rio Tinto is gaining more than 2 percent and Fortescue is edging up 0.5 percent, while BHP Group and Mineral Resources are advancing almost 3 percent each. Oil stocks are mostly lower. Beach energy is declining almost 3 percent, Woodside Energy is losing almost 2 percent, Santos is down almost 1 percent and Origin Energy is edging down 0.2 percent. In the tech space, Afterpay owner Block is gaining more than 2 percent, WiseTech Global is edging up 0.1 percent and Zip is advancing more than 4 percent, while Xero is losing more than 1 percent and Appen is down almost 1 percent. Among the big four banks, Commonwealth Bank is gaining almost 2 percent, while Westpac, ANZ Banking and National Australia Bank is advancing more than 2 percent each. Among gold miners, Evolution Mining is advancing almost 4 percent, Newmont is gaining more than 2 percent, Genesis Minerals is adding almost 2 percent and Resolute Mining is rising more than 3 percent, while Northern Star Resources is losing almost 1 percent. In economic news, the manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 50.2. That's down from 51.3 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contractio...
The Pentagon's Next Critical Minerals Source Is Already In Its Own Warehouses Authored by Matt Bedingfield via RealClearDefenseolitics , Last week, U.S. Navy destroyers began escorting commercial ships through the Strait of Hormuz under Project Freedom, the most aggressive American action in the strait since Iran shut it down in March. The naval blockade of Iranian ports is now in its fifth week. ...
The Pentagon's Next Critical Minerals Source Is Already In Its Own Warehouses Authored by Matt Bedingfield via RealClearDefenseolitics , Last week, U.S. Navy destroyers began escorting commercial ships through the Strait of Hormuz under Project Freedom, the most aggressive American action in the strait since Iran shut it down in March. The naval blockade of Iranian ports is now in its fifth week. U.S. warships are running mine-clearance operations, intercepting Iranian-flagged cargo, and absorbing drone threats daily. And the permanent magnets in those destroyers' guidance systems are still refined in China. So are the rare earths in their radar arrays and the cobalt in their battery backups. The war just proved what the 2027 DFARS deadline already assumed: we cannot fight a conflict while depending on an adversary for the materials inside our own weapons. And the Pentagon's largest untapped source of those materials is already sitting in its own warehouses. The Pentagon has a multi-year backlog of classified electronics it can't destroy fast enough. It also has a critical minerals shortage it can't solve fast enough. The copper, gold, palladium, silver, and tin locked inside those warehoused devices are exactly the metals it's spending billions to source elsewhere. That elsewhere, increasingly, can't be China. Beginning January 1, 2027, the Pentagon can no longer enter contracts for materials mined, refined, or separated in China, Russia, Iran, or North Korea. The Numbers Don’t Work The United States generates roughly eight million metric tons of e-waste every year, and the number is climbing. AI infrastructure is accelerating the cycle. Data centers replace server hardware every three to five years. Each generation of defense electronics contains more critical minerals than the last. Only about 15 percent of U.S. e-waste gets recycled. And that figure hides a deeper problem. The printed circuit boards inside those devices, the components richest in strategic metal...
Earnings Call Insights: NVIDIA (NVDA) Q1 fiscal 2027 Management view “This was an extraordinary quarter, demand has gone parabolic. The reason is simple, agentic AI has arrived. AI can now do productive and valuable work. Tokens are now profitable, so model makers are in a race to produce more. In the AI era, compute capacity is revenue and profits.” (Co-Founder, CEO & Director Jen-Hsun Huang) “To...
Earnings Call Insights: NVIDIA (NVDA) Q1 fiscal 2027 Management view “This was an extraordinary quarter, demand has gone parabolic. The reason is simple, agentic AI has arrived. AI can now do productive and valuable work. Tokens are now profitable, so model makers are in a race to produce more. In the AI era, compute capacity is revenue and profits.” (Co-Founder, CEO & Director Jen-Hsun Huang) “Total revenue of $82 billion was up 85% year-over-year and 20% sequentially.” (Executive VP & CFO Colette Kress) “Data Center revenue of $75 billion was up 92% year-over-year and 21% sequentially, driven by sustained strength in our Blackwell architecture and demand for GB300 NVL72 was particularly strong…” (Executive VP & CFO Kress) “We have 2 market platforms, Data Center and edge computing.” (Executive VP & CFO Kress) “We are increasing our quarterly dividend from $0.01 to $0.25… We are also announcing an $80 billion share repurchase authorization, which is in addition to the $39 billion remaining on our current plan.” (Executive VP & CFO Kress) “Vera CPU opens a brand-new $200 billion TAM for NVIDIA… We have visibility to nearly $20 billion in total CPU revenue this year, setting us up to become the world's leading CPU supplier.” (Co-Founder, CEO & Director Huang) Outlook “Total revenue is expected to be $91 billion, plus or minus 2%.” (Executive VP & CFO Kress) “Consistent with last quarter, we are not including any China data center compute revenue in our outlook.” (Co-Founder, CEO & Director Huang) “GAAP and non-GAAP gross margins are expected to be 74.9% and 75%, respectively, plus or minus 50 basis points. For the full year, we are still expecting to be in the mid-70s.” (Executive VP & CFO Kress) “For the full year, we now expect OpEx growth to grow somewhere in the upper 40s on a year-over-year basis…” (Executive VP & CFO Kress) “For the full year 2027, we expect GAAP and non-GAAP tax rates to be between 16% and 18%… This is lower than our prior expectation of 17% t...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Nike (NYSE:NKE) has rolled out an AI powered shopping experience in partnership with Google. Customers can explore and buy Nike products directly through Gemini and Google Search. The launch comes ahead of a major international football tournament, targeting g...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Nike (NYSE:NKE) has rolled out an AI powered shopping experience in partnership with Google. Customers can explore and buy Nike products directly through Gemini and Google Search. The launch comes ahead of a major international football tournament, targeting global fan interest. Nike is a global sportswear company that has been pushing deeper into digital commerce and direct to consumer channels. This new tie up with Google puts its products in front of shoppers where they already search, which may matter as competition in athletic apparel and footwear continues to be intense across both online and offline retailers. For investors, the key question is how effectively this AI driven experience can help Nike improve customer engagement and conversion without relying solely on its own apps and stores. The timing around a major tournament also puts a spotlight on how digital initiatives can support brand visibility when global sports attention is elevated. Stay updated on the most important news stories for NIKE by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on NIKE. NYSE:NKE Earnings & Revenue Growth as at May 2026 📰 Beyond the headline: 2 risks and 1 thing going right for NIKE that every investor should see. This partnership sits at the intersection of Nike’s push into digital and its effort to rebuild momentum after weaker sales and a sharp share price decline. By letting shoppers move from search or a Gemini chat directly into a purchase, Nike is trying to meet customers at the very top of the funnel instead of waiting for them to open the Nike app or visit a store. For a company working through excess inventory and pressure in China, any improvement in product discovery and conversion can matter for margins if it supports full price selling rather than discount dri...
In the first quarter of 2026, MP Materials reported US$90.65 million in sales and a net loss of US$7.97 million, while announcing major multi-year partnerships with Apple and the U.S. Department of Defense to expand rare earth magnet production and recycling in the United States. At the same time, expectations of a potential US–China rare earth agreement and significant insider selling by MP Mater...
In the first quarter of 2026, MP Materials reported US$90.65 million in sales and a net loss of US$7.97 million, while announcing major multi-year partnerships with Apple and the U.S. Department of Defense to expand rare earth magnet production and recycling in the United States. At the same time, expectations of a potential US–China rare earth agreement and significant insider selling by MP Materials’ leadership have shifted attention toward geopolitical and governance risks, even as the company’s role in domestic supply chain security becomes more central. Next, we’ll examine how the Apple and U.S. Department of Defense agreements might reshape MP Materials’ investment narrative and risk profile. This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality. MP Materials Investment Narrative Recap To own MP Materials, you need to believe in a long-term shift toward domestically sourced rare earth magnets and MP’s ability to move from miner to value-added manufacturer. The immediate catalyst is the ramp of U.S. magnet production backed by Apple and the U.S. Department of Defense, while the most pressing risk now includes governance concerns from insider selling and changing geopolitical assumptions around U.S.–China rare earth relations. The most relevant update here is the combined US$500 million Apple partnership and US$400 million U.S. Department of Defense package, including a 10 year magnet purchase agreement. These contracts sit at the heart of MP’s catalyst story by underpinning magnet demand for consumer electronics and defense, while the recent share price drop and insider selling highlight how quickly sentiment can swing around execution and concentration risks. Yet even with these long-term contracts, investors should be aware that insider selling and shifting U.S.–China rare earth politics could... Read the full narrative on MP Materials (it's free!) MP Materials’ narrative projects $1.0 billion revenue...
The UN has voted 141-8 to adopt a resolution backing a world court opinion that countries have a legal obligation to address climate change, with the US – which is the world’s biggest historical emitter – among the small group opposing it. The UN secretary general, António Guterres, said Wednesday’s general assembly vote, in which 28 countries abstained, underscored that governments are responsibl...
The UN has voted 141-8 to adopt a resolution backing a world court opinion that countries have a legal obligation to address climate change, with the US – which is the world’s biggest historical emitter – among the small group opposing it. The UN secretary general, António Guterres, said Wednesday’s general assembly vote, in which 28 countries abstained, underscored that governments are responsible for protecting citizens from the “escalating climate crisis”. “I welcome the adoption of the General Assembly resolution on the ICJ’s advisory opinion on climate change – a powerful affirmation of international law, climate justice, science + the responsibility of states to protect people from the escalating climate crisis,” Guterres said in a post on X. The resolution, brought by the Pacific island Vanuatu, affirms a July 2025 advisory opinion by the International Court of Justice (ICJ) that states are obligated to reduce fossil fuel use and tackle global warming. While not legally binding, the court’s advisory opinion is already being used in climate litigation around the world and judges are starting to reference it in their climate-related rulings. But it has proved more intractable as a diplomatic lever. It failed to make a mark at last year’s UNFCCC climate talks in Belem; Saudi Arabia called its inclusion in final texts a “red, red line”. The US joined Saudi Arabia, Russia, Israel, Iran, Yemen, Liberia and Belarus in opposing the resolution on Wednesday. Cop31 climate summit host Turkey, India, and oil producers Qatar and Nigeria were among those abstaining. Australia, Germany, France and the UK were among the 141 voting in favour of the resolution. The Trump administration has removed the US from the Paris climate agreement and other major environmental accords, and has pursued policies to boost fossil fuel production. “The resolution includes inappropriate political demands relating to fossil fuels,” the US deputy ambassador to the UN, Tammy Bruce, said. Washingt...
The following is Dolphin Research's transcript of$NVIDIA(NVDA.US) FY27 Q1 earnings call. For our take on the print, see 'NVIDIA: Rising rivals, shifting AI bottlenecks — can even a universe stock stumble?' I. Core takeaways from the results 1) Shareholder returns: A record $20bn was returned this quarter. The quarterly dividend was raised from $0.01 to $0.25 per share. A new $80bn buyback authoriz...
The following is Dolphin Research's transcript of$NVIDIA(NVDA.US) FY27 Q1 earnings call. For our take on the print, see 'NVIDIA: Rising rivals, shifting AI bottlenecks — can even a universe stock stumble?' I. Core takeaways from the results 1) Shareholder returns: A record $20bn was returned this quarter. The quarterly dividend was raised from $0.01 to $0.25 per share. A new $80bn buyback authorization was added, on top of $39bn remaining under the prior plan. The company plans to return Approx. 50% of FY free cash flow to shareholders. 2) Q2 guide: Total revenue is guided to $91bn (+/−2%), with QoQ growth driven mainly by Data Center. GAAP and non-GAAP GPM are 74.9% and 75% (+/−50bps). GAAP and non-GAAP OpEx are Approx. $8.5bn and $8.3bn, respectively. 3) FY guide: FY27 GPM is still expected to stay in the mid-70% range (Approx. 75%). OpEx YoY growth is raised to 45%+, driven by higher R&D and accelerated use of AI tools. GAAP/non-GAAP effective tax rate is guided to 16%–18% (down from 17%–19%) on mix shift by region. 4) Key metrics: Total revenue was $82bn (+85% YoY, +20% QoQ), with a QoQ absolute increase of $13.5bn, a record high. This marks three consecutive quarters of YoY acceleration and 14 straight quarters of QoQ growth. GAAP GPM was 74.9% and non-GAAP GPM 75%, both roughly flat QoQ. Non-GAAP OpEx rose 12% QoQ, and the non-GAAP effective tax rate was 16%, below prior guidance. DSO was 45 days (Q2 expected to normalize to ~55 days). FCF was $49bn (vs. $35bn in Q4), a record. 5) Supply chain and visibility: Supply commitments, including inventory purchase obligations and prepayments, rose to $145bn. The company reiterated revenue visibility of $1tn for Blackwell + Rubin over CY2025–CY2027 (unchanged). It also added visibility for Approx. $20bn of annual revenue from standalone Vera CPU, opening a new $200bn TAM. China Data Center compute revenue remains excluded from guidance (H200 export licenses were approved but no revenue yet, with entry into China still...