BUSINESS

Megaport shares climbed 9.4% after the company announced A$978.6 million in new AI infrastructure contracts and upgraded its FY27 revenue and EBITDA margin guidance.

Codan shares reached a record high after the company raised its profit outlook, citing exceptionally strong communications demand from conflict regions and continued growth in gold detectors.

Chris Hemsworth has reportedly closed Wild State, the production company he founded in 2022, although neither the actor nor the company has confirmed the shutdown.

Australian shares closed higher after technology stocks led gains, offsetting the RBA's fourth rate increase of the year and lifting the cash rate to 4.60%.

Samsung and five affiliates will invest $1 billion in Helix Digital Infrastructure, a KKR-backed platform developing AI data centres, power infrastructure, fibre networks and energy storage.

A comparison of five Sydney migration consultancies highlights their areas of expertise, client feedback and suitability for applicants pursuing skilled, family, student or employer-sponsored visas.

Anthropic's IPO prospectus warns that advanced AI models could cause catastrophic harm, while revealing rapid revenue growth, heavy losses and hundreds of billions in infrastructure commitments.

Nvidia's board approved a record US$150 billion increase to its share buyback programme, as the AI boom boosts the chipmaker's cash flow and investor returns.

Amazon Australia has launched its seven-day Prime Big Deal Days sale, using expanded fulfilment infrastructure to capture early holiday spending and strengthen Prime subscriber loyalty.

MongoDB shares fell nearly 20% after CEO CJ Desai left immediately to join Meta. Former chief executive Dev Ittycheria was appointed interim CEO as the company reaffirmed its guidance.

Intel shares fell 5.6% on Monday after a sharp rally, as selling across AI-linked chip stocks, profit-taking, higher oil prices and rising bond yields pressured the sector.

Oil prices climbed after Donald Trump rejected Iran's conditional seven-day proposal to reopen the Strait of Hormuz, fuelling concerns about prolonged supply disruptions and higher fuel costs.

Nvidia shares rose as the chipmaker announced a record $150 billion increase to its buyback authorisation and launched an open platform aimed at improving AI agent safety.

GameStop shares rose as investors weighed insider buying and Ryan Cohen's continued pursuit of eBay, despite the target's rejection and broader market weakness.

Twenty One Capital shares rose despite a weaker broader market, extending their recovery from August lows as investors weigh bitcoin prices, leadership changes and the company's unproven operating strategy.

Kodiak Sciences shares surged 143% after the biotech said Zenkuda and tabirafusp-ted met key Phase 3 goals in wet age-related macular degeneration, though full data and regulatory review remain pending.

US stocks opened lower as higher oil prices and Treasury yields intensified inflation concerns, while OpenAI's pause on advanced model training pressured chipmakers and technology shares.