AI Stock Market News Today

First-quarter inflation rose to 4.09%, coming in below economist expectations of 4.2%. The persistent price pressure increases the likelihood of further rate hikes by the Reserve Bank of Australia.

• Inflation rose to 4.09% in Q1, the highest in over two years
• Actual inflation was lower than the 4.2% expected by analysts

NXG Investment Management has liquidated its entire stake in Hess Midstream LP to pivot toward more diversified energy infrastructure. The sale of 1.36 million shares reflects a strategic move away from concentrated regional assets.

• Complete liquidation of 1,357,200 shares
• Estimated transaction value of $50.29 million

Fair Isaac Corporation has raised its fiscal 2026 revenue outlook following a strong start to the year. The company is introducing a new fee structure for its FICO Score 10T product to drive growth.

• Projected FY2026 revenue of $2.45 billion
• FICO Score 10T pricing adjusted to $0.99

T-Mobile has increased its projections for postpaid net account additions while providing a robust free cash flow target for 2026. The updated guidance reflects continued strength in the company's subscriber acquisition strategy.

• Postpaid net account adds outlook increased to 950K-1.05M
• 2026 adjusted free cash flow forecast set at $18.1B to $18.7B

Morgan Stanley has lowered its price target for Edison International to $70, maintaining an Underweight rating. The adjustment comes as part of a broader update to the firm's utility sector outlook.

• Price target reduced from $71 to $70
• Underweight rating maintained by Morgan Stanley

Staff at Goldman Sachs in Hong Kong, including visiting employees, have lost access to Anthropic's Claude AI. The restriction primarily impacts software engineers who utilized the tool for coding efficiency.

• Access to Anthropic's Claude revoked for Hong Kong-based staff
• Restriction applies to visiting overseas employees while in the city

Prime Minister Anthony Albanese has confirmed that the upcoming national budget will not undermine existing liquefied natural gas export agreements. The move is designed to protect foreign investment and ensure fuel security amid a global energy crunch.

• Budget will not undermine LNG export contracts
• Statement delivered in Perth, Western Australia

While Alphabet stands to realize massive paper gains from its early investment in SpaceX, Nvidia is poised for sustained growth through infrastructure integration. The anticipated 2026 public listing could catalyze significant hardware demand for orbital AI and compute clusters.

• SpaceX IPO valuation estimated at $1.75 trillion
• Alphabet's 6% stake could generate >$100 billion in gains

Specialized business services providers are struggling to maintain growth as corporate clients cut budgets and integrate AI. The sector has significantly underperformed the broader market over the last six months.

• Sector gain of 1.6% trails S&P 500's 3.9% over six months
• AI-driven disruptors are challenging traditional service models

The Hong Kong equity market extended its decline on Tuesday, driven by a sell-off in technology shares and volatility in global energy markets. Investors remain cautious as geopolitical instability in the Middle East pushes crude oil prices toward the $100 mark.

• Hang Seng Index closed at 25,679.78, down 0.95%
• Xiaomi and SMIC led tech losses with drops of 3.79% and 3.22%

The Australian benchmark index slipped on Monday, mirroring losses in US tech stocks and growing anxiety over the Omicron variant. Gains in gold and energy sectors provided a partial buffer against declines in materials and technology.

• S&P/ASX 200 declined 24.60 points to close at 7,216.6
• Tech stocks like Xero and Appen faced selling pressure

Rivian and Lucid are increasingly focusing on the high-margin autonomous vehicle market to offset heavy losses in the EV sector. While both face significant cash burn, strategic partnerships with Uber and others provide a potential path to recovery.

• Global EV market projected to reach $2 trillion by 2032
• AV market potential estimated at $41 trillion by 2034