INFORMATION TECHNOLOGY – UNITED STATES

AusSuper tipped $500m into Nvidia before DeepSeek crash

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Original article by Joshua Peach
The Australian Financial Review – Page: 20 : 4-Feb-25

Corporate filings with the US Securities & Exchange Commission show that AustralianSuper ramped up its investment in semiconductor manufacturer Nvidia during the second half of 2024. The industry superannuation fund bought 2.42 million shares in Nvidia in the December quarter; based on the stock’s average price during the period, AustralianSuper is estimated to have paid around $US304m ($489m) to increase its total exposure to Nvidia to more than $US1bn at the end of 2024. Nvidia’s market value subsequently fell by $US600m on 27 January, in response to revelations about China’s DeepSeek artificial intelligence model.

CORPORATES
AUSTRALIANSUPER PTY LTD, NVIDIA CORPORATION, UNITED STATES. SECURITIES AND EXCHANGE COMMISSION

Google violated antitrust laws to dominate online search, US judge rules

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Original article by Nick Robins-Early
The Guardian – Page: Online : 6-Aug-24

Shares in technology stocks such as Apple and Google have fallen sharply in response to the US District Court’s ruling that the latter has breached anti-trust laws. Judge Amit Mehta has concluded that Google is a ‘monopolist’, and it has acted as one to maintain its market dominance with regard to search services and advertising. Department of Justice prosecutors had contended amongst other things that Google has suppressed competition by paying billions of dollars to smartphone makers such as Apple and Samsung to use it as their default search engine.

CORPORATES
GOOGLE INCORPORATED, DISTRICT COURT OF UNITED STATES, UNITED STATES. DEPT OF JUSTICE, APPLE INCORPORATED, SAMSUNG CORPORATION

Google hit with $6.9bn EU fine

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Original article by Darren Davidson
The Australian – Page: 17 & 19 : 19-Jul-18

Google has been ordered to pay a record fine of EUR4.34bn ($6.9bn) for breaching anti-trust laws in Europe. The case centred on Google’s practice of requiring smartphones that use the Android operating system to be sold with Google’s own apps and services already installed. The European Commissioner for Competition, Margrethe Vestager, says Google has sought to entrench the dominance of its search engine via Android. The European Union had previously fined Google EUR2.42bn in 2017 for giving its own products and services priority in search engine results.

CORPORATES
GOOGLE INCORPORATED, ALPHABET INCORPORATED, UNLOCKD PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, DOUBLECLICK INCORPORATED, NEWS CORPORATION – ASX NWS, FACEBOOK INCORPORATED, CAMBRIDGE ANALYTICA LLC, APPLE INCORPORATED, AMAZON.COM INCORPORATED, EMARKETER INCORPORATED

Tech sell-off isn’t end of the world

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Original article by Philip Baker
The Australian Financial Review – Page: 32 : 14-Jun-17

The Nasdaq Composite Index has gained nearly 15 per cent so far in 2017, despite shedding 2.5 per cent in the last two trading sessions. While shares in the so-called FAANG stocks (Facebook, Apple, Amazon, Netflix and Google parent Alphabet) have been heavily sold down in recent days, they have all posted strong gains so far in the calendar year. Meanwhile, although US technology stocks are widely considered to be overvalued, the price-to-earnings ratio of the Nasdaq 100 is trading at around 20.3, compared with a peak of around 45 prior to the "tech wreck" in 2000.

CORPORATES
NASDAQ COMPOSITE INDEX, FACEBOOK INCORPORATED, APPLE INCORPORATED, AMAZON.COM INCORPORATED, NETFLIX INCORPORATED, GOOGLE INCORPORATED, ALPHABET INCORPORATED

Technology plunge raises fears of meltdown

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Original article by John Kehoe
The Australian Financial Review – Page: 27 : 13-Jun-17

The Nasdaq Composite Index reached a record high on 9 June 2017, before closing down 1.8 per cent amid bearish sentiment toward technology stocks. Shares in Facebook, Amazon, Apple, Netflix and Google parent Alphabet shed 3-5 per cent. The sell-off was prompted by a range of factors, including a report from Goldman Sachs suggesting that many US technology stocks are overvalued. Analysts have downplayed comparisons with the "tech wreck", while Bruce McCain of Key Private Bank says a pullback in the sector was inevitable.

CORPORATES
NASDAQ COMPOSITE INDEX, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, APPLE INCORPORATED, NETFLIX INCORPORATED, GOOGLE INCORPORATED, ALPHABET INCORPORATED, MICROSOFT CORPORATION, THE GOLDMAN SACHS GROUP INCORPORATED, KEY PRIVATE BANK, CITRON RESEARCH, NVIDIA CORPORATION, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX

Apple’s pick of the crop as reality bites for other heroes

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Original article by Philip Baker
The Australian Financial Review – Page: 30 : 12-Feb-15

The market capitalisation of Apple rose to $US711bn on 11 February 2015, and the IT giant may be on track to become the first company to achieve a market value of $US1trn. Apple shares have risen by more than 50,600 per cent since its IPO in 1980. Meanwhile, shares in Australian-listed Commonwealth Bank and CSL retreated on 11 February, although both remain close to record highs and are candidates to reach $A100 per share

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CSL LIMITED – ASX CSL, APPLE INCORPORATED, EXXONMOBIL CORPORATION, GOOGLE INCORPORATED, MICROSOFT CORPORATION, WESTPAC BANKING CORPORATION – ASX WBC, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH

Woz – who started Apple – becomes an Aussie and looks to Tassie

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Original article by Paul Smith
The Australian Financial Review – Page: 1 & 8 : 19-Dec-14

US businessman Steve Wozniak plans to eventually relocate to Australia when he retires, after being granted permanent residency. The co-founder of Apple intends to buy a home in Sydney but says he ultimately hopes to live in Tasmania when he retires. Meanwhile, Wozniak has praised Apple CEO Tim Cook for developing an iPhone with a larger screen rather than remaining focused on the design preferences of Steve Jobs. Wozniak is upbeat about internet-connected cars, but describes Google Glass as an "admirable failure" which lacks sufficient reason to use it given the high cost of the device

CORPORATES
APPLE INCORPORATED, GOOGLE INCORPORATED, UNIVERSITY OF TECHNOLOGY, SYDNEY, SONY CORPORATION, SAMSUNG CORPORATION, LG CORPORATION, PEBBLE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Silicon Valley start-up surges on ASX debut

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Original article by Sally Rose
The Australian Financial Review – Page: 25 & 32 : 16-Oct-14

Shares in online recruitment firm 1-Page closed at $A0.34 on 15 October 2014, capping a $A8.5m Australian sharemarket float for the US-based group. The stock was issued at $A0.20 apiece and listed at $A0.345. Amanda Moyes of ASX Limited says the sharemarket operator would like to see more US technology firms list on the local bourse. Australia’s R&D tax concessions regime contributed to 1-Page’s decision to list in Australia

CORPORATES
1-PAGE LIMITED – ASX 1PG, ASX LIMITED – ASX ASX, FOSTER STOCKBROKING PTY LTD, KTM CAPITAL PTY LTD, CYGNET CAPITAL PTY LTD, NASDAQ, SAN FRANCISCO 49ERS, FRANCE TELECOM SA