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AI Contracts Lead a Profit-Filled Week for Australian Shares
11:33am on Saturday 29th of August, 2026 AEST
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MARKET NEWS
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AI Contracts Lead a Profit-Filled Week for Australian Shares
11:33am on Saturday 29th of August, 2026 AEST
Key Points
X2M Connect surged 350% after winning a contract worth more than $250 million for an artificial intelligence data centre.
Nuix rose 46.67% as its Nuix Neo software sales grew sharply and core earnings climbed 60%.
DXN jumped 34.55% after securing a $12.2 million contract for a high-performance computing data centre.
Resources companies reported stronger production, larger reserves and better profits, led by gold, copper, lithium and rare earths.
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