BUSINESS

Sandisk shares surged nearly 13% after CoreWeave's strong results and higher spending outlook renewed investor interest in memory and storage companies tied to AI data centres.

CECO Environmental shares rose 11.48% after record third-quarter results, a surge in orders and backlog, and higher 2026 forecasts fuelled investor optimism about future growth.

AXT shares rose more than 15% as investors returned to AI hardware stocks following strong CoreWeave results, while the company's profitability and valuation remained in focus.

Bloom Energy shares rose nearly 12% after strong CoreWeave results eased concerns about slowing AI infrastructure spending, extending the fuel-cell maker's sharp weekly rebound.

South Korean stocks rose for a second day as strong CoreWeave earnings renewed confidence in AI spending, driving semiconductor gains and renewed foreign buying.

The Nikkei 225 gained 1.31% to its highest close since last week's sell-off as strong CoreWeave earnings boosted AI and semiconductor shares despite renewed US rate concerns.

Nebius shares rose more than 15% after rival CoreWeave reported strong growth and raised its forecast, with investors now focused on Nebius' earnings, spending and financing plans.

Azenta shares climbed 18% after the life sciences company exceeded fiscal fourth-quarter earnings and revenue expectations, while its fiscal 2027 outlook surpassed analyst forecasts.

CoreWeave shares surged nearly 20% after third-quarter revenue beat expectations, forecasts were raised and executives pointed to strong demand, easing concerns about slowing AI infrastructure spending.

The Nasdaq rose 1.5% and the S&P 500 gained 0.9% after CoreWeave's strong results boosted AI stocks, while rate concerns kept the Dow near flat.

McDonald's customers across the US reported problems placing mobile orders on Veterans Day, as outage trackers recorded complaints following the launch of a popular Pokémon Happy Meal promotion.

Reports have intensified scrutiny of Alice Huang's background, relationship with Nvidia CEO Jensen Huang and alleged role in chip exports to China as Nvidia investigates.

Nvidia's board has appointed former US prosecutor Joon H. Kim to investigate CEO Jensen Huang's relationship with a woman linked by US agencies to alleged Chinese spying.

Australian businesses are entering a rapidly changing search market, with 20 SEO agencies assessed on awards, independent rankings, services, locations, pricing transparency and emerging AI search expertise.

Nvidia shares have fallen nearly 10% in two sessions as investors assess leadership uncertainty surrounding Jensen Huang, while analysts remain broadly bullish on the company's artificial intelligence business.

Reports have shed light on Alice Huang's business ties in China and Singapore as Nvidia investigates claims involving her, Jensen Huang's affair and alleged links to Beijing.

Monadelphous shares reached a record high after the engineering contractor issued first-half guidance above market forecasts, citing strong activity and A$830 million in new contracts.