Nvidia

NVIDIA Corporation – Common fundamentals are strengthening, with accelerating revenue growth, expanding margins, and robust demand for key products. Their data center business, especially networking, is a standout, with networking revenues up 267% and the segment maintaining strong momentum.

FY2027 Q1 signals continued acceleration, with 77% YoY revenue growth and gross margin projected at 75%. Forward P/E of 20 is now below the sector, supporting a reiterated Strong Buy rating.

AMP

AMP

A$150m share buyback (~5% of market cap) is a positive signal, helping address investor concerns post-FY25 and reinforcing capital management discipline.

Core business outlook remains constructive, with expected strong Platform inflows, revenue growth, and improving trends in Super & Investments (S&I) outflows.