00:02Well, for the second day in a row, the Australian share market hit a new record high.
00:06Lately, it's been driven by strong gains across the mining and banking sectors due to high
00:11commodity prices and the real prospect of another rate hike, as well as some generally
00:15solid profit announcements.
00:17But first, let's start with today's worst performing stocks like Qantas.
00:21After announcing its half-year statutory profit was pretty much flat, its share price took
00:25a nosedive, down almost 10% in a single day.
00:28Air New Zealand also reported its half-year results, and it was a roughly $30 million
00:33loss, while Blue Scope Steel also fell after knocking back a $14 billion takeover bid, saying
00:39the revised offer from Kerry Stokes and a US company called Steel Dynamics is still too
00:43low.
00:44On the flip side, Super Retail Group, the company behind Rebel Sport and Super Cheap Auto, reported
00:50a 20% drop in its half-year profit, yet its share price jumped because the result was still
00:55better than expected.
00:56And the local technology sector went up after the US tech giant NVIDIA announced its results
01:01after Wall Street finished trading, and they smashed expectations.
01:05So in a nutshell, NVIDIA's quarterly profit has almost doubled to $43 billion US dollars.
01:12Its revenue was up by a massive 73%, thanks overwhelmingly to its AI chips, which are selling like hotcakes.
01:18And that's likely to continue in the next quarter.
01:22So that led to strong gains on markets in the US, UK and South Korea, as recent fears about
01:28an AI bubble seem to have melted away.
01:31And while the price of oil, gold, copper and iron ore rose, the Aussie dollar has gone up
01:36to 71.3 US cents.
01:38And that's finance.
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