Chanticleer Can the ASX keep climbing, BHP’s Anglo gamble and why Nvidia is splitting itself in 10
May 24, 2024
This podcast debates the sharemarket's climb, Australian mining sector's pulse, and NVIDIA's split. Topics include energy transitions, market drama, bid increases in acquisitions, activist pressure, AI applications, and share splitting effects on retail investors' interest.
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Fossil Fuel Dependence
- The 2020s still rely heavily on fossil fuels for powering homes and businesses.
- Renewables are insufficient, forcing governments to intervene and extend the life of coal-fired power plants.
Star Entertainment Takeover Drama
- Star Entertainment, a casino operator, faced confusing takeover approaches from Hard Rock Hotels.
- A Queensland property developer with alleged ties to Hard Rock added to the complexity.
ASX 200 Drivers
- The Australian stock market's record highs are driven by resilient blue-chip companies and growth stocks.
- Banks, despite limited growth, contribute significantly due to their perceived stability and connection to the Australian economy.