Stocks Down Under

06/10/2026

Why we wouldn’t touch the Firmus IPO with a 10-foot pole!

Full story here: https://tinyurl.com/5fu965hw

- Priced like a veteran, built like a start up. A$43.7 billion valuation, but with limited revenues that were only just disclosed.
- Insiders aren't acting like believers. A convicted insider trader at the helm, the founder's father just sold ~$100m, and half the offer is ringfenced for existing backers.
- The accounting clock is ticking. A six year depreciation schedule on GPUs that may be obsolete in three means impairments may be waiting down the track.

21/09/2026

Last chance to sign up to our Semiconductors & AI Webinar!
Tuesday 22 September at 11.45am AEST.
Sign up here: https://tinyurl.com/4wjmksfn 👍

10/09/2026

If you didn't have a chance yet to read this report (or don't have the time), you can now listen to the 20-minute summary on Spotify 😀 https://tinyurl.com/5n8mbyw3

Stocks mentioned include Cauldron Energy, Bannerman, Paladin Energy, Deep Yellow, Boss Energy, Lotus Resources

Stocks Down Under · Episode

03/09/2026

Four ASX Chip Stocks You Need to Know Before the AI Wave Passes You By! Webinar on 22 September.

Sign up here: https://tinyurl.com/bdehmfwj

The global semiconductor industry is racing toward US$1 trillion in annual revenue, driven by insatiable AI demand from data centres to edge devices, and four ASX listed companies are building technologies that feed directly into this megatrend.

Weebit Nano, BrainChip, Adisyn and Nanoveu each tackle a different piece of the AI chip puzzle, from next generation memory and neuromorphic processors to graphene interconnects and ultra low power edge AI silicon, with all four now signing deals with global semiconductor heavyweights.

Join Stocks Down Under and Pitt Street Research on 22 September at 11.45am AEST to hear directly from these ASX chip stocks building Australia's semiconductor future, and find out why the window to get across these names is narrowing fast.

01/09/2026

New Report on Weebit Nano (ASX:WBT) by Pitt Street Research! 😃
Here: https://tinyurl.com/2cxesbaa

Weebit Nano’s “low hanging fruit”: The analog market

WBT's FY26 revenue surged 246% to A$15.3 million, beating guidance, driven by expanded deals with Texas Instruments and onsemi. The analog semiconductor market, worth US$95 billion, is Weebit Nano’s most immediate commercial opportunity, with essentially zero ReRAM pe*******on today. Royalty revenue is expected to begin in CY2027, with the potential to account for over 30% of total revenue beyond 2030 and drive a significant step up in profitability.

31/08/2026

Weebit Nano (ASX:WBT): FY26 was amazing…plenty more where that came from!
Full interview here: https://tinyurl.com/mrds3h3w

We spoke to Weebit Nano CEO, Coby Hanoch, about the amazing year that FY26 has been. Revenues ended up at A$15.3m where initial guidance called for A$10m. The company has also made continuous progress with its IDM, foundry and product company customers, and we expect initial royalty revenues to start in 2027. All in all, the future looks very bright for Weebit Nano with very a strong balance sheet, clear commercial momentum and an adoption environment for ReRAM which has never been stronger.

27/08/2026

Pitt Street Research just published a sector note on Uranium in the Age of AI. Full report here: https://tinyurl.com/45jestr9

We believe uranium and the uranium miners/explorers are set for a major repricing as the AI data center roll out will run into power issues before long. Nuclear is the only feasible solution to power the data center roll out in the next decade, but we believe the market hasn't priced that in yet. We expect uranium pricing and uranium equities to start reflecting that.

18/08/2026

Pathkey.AI, Weebit Nano, BrainChip and Nanoveu each sit in a different, non overlapping layer of the AI chip supply chain, from design automation and memory to neuromorphic processing and edge inference silicon.

All four have moved from pure research stories to commercial validation in 2026, including paying customers, tier one licensing deals, production silicon or live hardware trials.

These stocks comprise a basket of options on the AI infrastructure theme rather than a substitute for the Nvidias and TSMCs of the world, but they are in full ramp up mode!

Read the full story here: https://stocksdownunder.com/ai-stocks-down-under/

17/08/2026

JB Hi-Fi Limited (ASX:JBH) has posted its FY26 result, and the headline numbers do what JB Hi-Fi almost always does. Sales hit a record A$11.06 billion, up 4.8%, underlying EBIT lifted 3.8% to A$734.4 million, and NPAT climbed 2.9% on an underlying basis to A$489.9 million.

But the real signal for investors sits below the P&L. The Board has taken the total ordinary dividend to 337 cents per share, up 22.5% on FY25, with the payout ratio stepping up to 75% of NPAT. That formalises the shift flagged last August from a 65% payout to a 70 to 80% range.

11/08/2026

Pathkey.AI (ASX:PKY) books first Chipforge contract before the platform even launches

Chipforge has signed its first commercial customer contract, a US$50,000 fixed-fee proof of value with an Australian industrial automation firm. The engagement runs ten weeks and closes with a recorded hardware demonstration on FPGA. Read the whole story here: https://tinyurl.com/k4vfaya3

.AI