FortifAI Rockets 64% as Funding Meets Big AI Data Claims

FortifAI (ASX:FTI) topped the tape at 64.29%, followed by 4DS Memory (ASX:4DS) at 44.44% and PathKey.AI (ASX:PKY) at 40.00%. In FortifAI’s case, investors had two concrete hooks: a $5 million placement at $0.30 a share, and a roadmap that claims big speed gains for handling AI data. For 4DS and PathKey.AI, the story was simpler but riskier: the shares ran hard, the ASX asked why, and both companies said there was no new information they hadn’t already released.

AI spending is lifting guidance, but investors still want proof

TechnologyOne (ASX:TNE) jumped 22.71% after it lifted FY26 guidance for profit growth and recurring revenue growth. It also flagged an $8, 9 million spend on AI product showcase events. In plain terms, that is marketing and sales money, spent upfront, with the aim of signing more customers later. SEEK (ASX:SEK) rose 2.71% on strong operating numbers and a higher interim dividend, even though a large impairment on its Zhaopin investment dragged reported results into a loss. Investors tended to focus on what the core business is doing now (sales, earnings, pricing), rather than the accounting write-down on an investment.

M&A is back, buyers are chasing scale, sellers are pruning

Megaport (ASX:MP1) fell -9.98% despite reporting Total Group ARR of A$338 million, up 49%, and lifting FY26 revenue guidance. It also pointed to acquisitions (Latitude.sh and Extreme IX) to add compute services and expand in India. A drop on a good update usually means the price had already run earlier, or investors worried about what the acquisitions cost and how long integration will take. Smart Parking (ASX:SPZ) slid -5.11% even after revenue almost doubled and its US acquisition contributed meaningfully to EBITDA. When a company posts a big jump after buying another business, the next question becomes: can it keep growing once the easy comparison passes? Meanwhile, Caterpillar’s cash buyout of RPMGlobal (ASX:RUL) closed and the stock was delisted. That is a reminder that overseas industrial giants are still willing to buy Australian software assets when it fits their core equipment business.

Capital raises and reopenings: when early gains evaporated

Several small caps showed how a “gap” works in everyday terms: the share price reopened much higher (or lower), then traders either kept buying or quickly sold. Audinate (ASX:AD8) dropped -10.87% for the week, with trading that looked like early gains didn’t hold. The company did deliver 12% revenue growth and launched its Iris cloud-first platform, but the market focused on the price action. When sellers keep hitting the stock after a higher open, it can mean investors want clearer proof the new product will add profit, not just headlines. By contrast, SportsHero (ASX:SHO) rose 19.32% after raising $4.3 million at a discount to the last close. That’s not unusual for placements. Investors were willing to back the plan to spend on telco partnerships and marketing in Southeast Asia.

Operational wins that investors could quickly understand

Dataworks (ASX:DWG) gained 24.24% after saying it turned cash flow positive in the quarter and has secured more than $30 million in government contracts. Cash flow positive is simple: the business says it brought in more cash than it spent in normal operations. Hansen Technologies (ASX:HSN) added 16.29% after a large profit jump and the completion of the Digitalk acquisition. Articore (ASX:ATG) climbed 13.24% after upgrading FY26 EBIT guidance. Both moves were tied to numbers investors can check, not just product promises. PEXA (ASX:PXA) moved the other way in messaging, even as the share price rose 6.78%. It is exiting majority-owned Digital Solutions businesses and flagged impairments and restructuring costs. Investors now have a cleaner story to track, but they also face near-term costs and lower restated guidance.