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ASX:CTD 2 February 2026

Australia stock market sinks as ASX 200 hit by gold rout — what to watch before the RBA call

Australia stock market sinks as ASX 200 hit by gold rout — what to watch before the RBA call

Australian shares fell sharply Monday, with the S&P/ASX 200 down 1.02% to 8,778.6, its lowest close since January 12, as gold miners led declines. Spot gold slid 3.2% to $4,708 an ounce amid forced selling, while BHP dropped 2.3% and Santos lost 3.3%. The Aussie dollar slipped to $0.6924. Investors await Tuesday’s Reserve Bank of Australia rate decision.
2 February 2026
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Stock Market Today

  • Nvidia Outshines Alphabet as Top AI Stock Ahead of SpaceX's $1.75 Trillion IPO
    April 28, 2026, 9:53 PM EDT. As SpaceX nears its estimated $1.75 trillion IPO, Nvidia and Alphabet, both leaders in artificial intelligence (AI), stand to benefit differently. Alphabet's early $1 billion investment in SpaceX could yield over $100 billion in paper gains, improving its balance sheet but without direct revenue integration. Meanwhile, Nvidia is advancing its AI hardware specifically for space applications, unveiling platforms like IGX Thor and Jetson Orin geared for orbital computing. These developments align with Nvidia's existing collaborations in SpaceX's AI infrastructure, including GPU use for xAI's AI model training. Nvidia's commitment to scale chip orders, confirmed by Elon Musk, signals ongoing operational integration. This positions Nvidia as the superior long-term AI stock, capitalizing not just on financial gains but on continual growth within the space exploration sector.

Latest article

AST SpaceMobile Stock’s May 11 Moment: FCC Win Meets BlueBird 7 Reality

AST SpaceMobile Stock’s May 11 Moment: FCC Win Meets BlueBird 7 Reality

29 April 2026
AST SpaceMobile will hold its first-quarter update call on May 11 after winning FCC approval to deploy a 248-satellite constellation for direct-to-device service. Shares fell 6.8% Tuesday, following the loss of its BlueBird 7 satellite in a failed launch. The company expects insurance to cover the loss and is targeting 45 satellites in orbit by end-2026. Investors are watching launch progress and commercial service timing.
OpenAI Target Miss Report Sends Oracle, CoreWeave and AI Stocks Lower

OpenAI Target Miss Report Sends Oracle, CoreWeave and AI Stocks Lower

29 April 2026
Oracle shares fell 4% and CoreWeave dropped 5.9% Tuesday after a Wall Street Journal report said OpenAI missed recent revenue and user targets. Nvidia, AMD, and Arm Holdings also declined, with the iShares Semiconductor ETF down 3.7%. OpenAI denied internal divisions and said its AI coding product Codex reached 4 million users. Oracle’s credit default swaps hit a two-week high amid concern over its $300 billion cloud deal with OpenAI.
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