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ASX Extends Record Run as Gold Miners Rally; News Corp Results, SpaceX Tumbles
SpaceX stock plummeted 11.9% after its first public report revealed significant AI spending and an exclusive Nvidia chip deal, impacting semiconductor rivals.
The Australian sharemarket extended its record run in early trade, boosted by gold miners after the bourse hit an all-time high on Wednesday amid hopes for a deal to reopen the Strait of Hormuz.
Wall Street is predominantly green following record highs on Tuesday. SpaceX takes a hit as investors are alarmed by high AI investments. Disney receives applause for better-than-expected figures.