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ASX Tech Weekly: GCM Soars, Objective Sinks, Raisings Keep Flowing
11:30am on Saturday 4th of July, 2026 AEST
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ASX Tech Weekly: GCM Soars, Objective Sinks, Raisings Keep Flowing
11:30am on Saturday 4th of July, 2026 AEST
Key Points
GCM led gains with a 🟢 42.86% jump after a thermal technology development deal.
Objective was the week’s heaviest faller, down 🔴 35.65% after losing a 25-year Defence support contract.
Capital raising activity stayed heavy, with Megaport, Archer, ClearVue, HITIQ and Excite all tapping investors.
AI, drones and quantum computing stayed active growth areas, with updates from ikeGPS, Nanoveu, FortifAI and Archer.
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