Technology

• DXN secured an A$8.8 million contract to design, manufacture and commission a 1.36MW AI high-performance computing module for a US-based cloud operator.

The pressure point is the SEEK Growth Fund, the unlisted vehicle holding SEEK's venture investments. With the market discounting those marks, any cash realisation tests whether the carrying values are real.

July shifted the story. WiseTech named an independent chair, clarified its relationship with a heavily scrutinised customer and added another compliance acquisition, while the shares bounced off a June low.

That compares with a.88. The de-rating owes less to the operating result than to a repricing of software multiples, higher bond yields and rotation out of long-duration growth names. Xero's FY26 numbers, released on 14 May 2026, told a different story.

Two things have put it back in front of investors. In February the Brisbane group upgraded full-year profit guidance and in the first half it began shipping agentic artificial intelligence inside its products rather than describing a roadmap.

The Brisbane interconnection group has raised heavily, bought compute and committed to a GPU pool, all inside eight months. With shares easing on an unverified screener reading and FY26 results due on 20 August, the market is pricing a business it has not yet …

The AI echocardiography group banked roughly AUD 110 million from institutions in July and signed a binding heads of agreement with Pro Medicus. Its June-quarter Appendix 4C also recorded no customer receipts for the full financial year, and the shares eased.