1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Massive sell-off shocks US markets, but a slight recovery is underway. E-mini US futures show promise with S&P and Nasdaq gaining. Consumer discretionary, telcos, financials, and health care sectors edge into the green.
DeepSeek, a Chinese startup, shakes the AI space. It challenges US tech firms with a cheaper AI model developed in two months for under $6 million using Nvidia's H 800 chips. This raises questions about AI costs for US giants, as DeepSeek gains momentum against ChatGPT.
Macquarie boosts Santos' price target to $8.95 due to growth potential, but downgrades Ampol, cutting its target to $31 after missing profit expectations. Goldman Sachs upgrades Aristocrat Leisure to buy with a $78 target, citing US market strength.
