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Ujjwal Maheshwari

Ujjwal Maheshwari is a Sydney-based financial writer at Stocks Down Under, where he has covered ASX and forex markets for over three years. He specialises in breaking down complex market developments into clear, accessible analysis for everyday investors.

Bachelor of Commerce (Finance), University of New South Wales (UNSW)

969 articles published

AI Stocks

Why Did Stocks Crash on a Strong Jobs Report? The US$1 Trillion AI Selloff Explained

KEY POINTS US jobs growth came in much stronger than expected (172,000 vs about 85,000 forecasted), wiping out hopes of near-term Federal Reserve rate cuts. Higher rate expectations hit richly valued growth stocks hardest, especially AI and chip names. Nvidia (NASDAQ: NVDA), Micron (NASDAQ: MU) and Marvell (NASDAQ: MRVL) all fell as…

ByUjjwal MaheshwariJune 6, 20260Comments

Gaming Stocks

Ainsworth Game Technology (ASX:AGI) Surges 17% After Chairman and Secretary Quit Over Bonus Controversy

KEY POINTS Ainsworth Game Technology (ASX: AGI) jumped 16.79% to A$1.60 on Friday, even as the broader market fell about 0.68%. The trigger was the resignation of chairman Danny Gladstone and company secretary Mark Ludski, over reports of A$10m and A$5m payments made to them by founder Len Ainsworth after he sold his…

ByUjjwal MaheshwariJune 6, 20260Comments

Healthcare Stocks

CSL (ASX:CSL) Jumps 5.7% as Investors Pile Back Into Healthcare

KEY POINTS CSL (ASX: CSL) jumped 5.7% to A$97.91 on Friday, its best day since February 2022. Healthcare was the real story, rising 3.5% as money moved out of miners and into the sector. CSL is still down nearly 60% over the year after profit warnings, a CEO change, and about US$5…

ByUjjwal MaheshwariJune 6, 20260Comments

Gold Stocks

Northern Star (ASX:NST) Is in Play: 3 ASX Gold Stocks That Could Be Taken Over Next

KEY POINTS Elliott, one of the world's most aggressive activist investors, has built a stake worth more than A$1 billion (about 4%) in Northern Star (ASX: NST) and is pushing for a strategic review that could include a sale, plus an external CEO and a board refresh. Northern Star is already replacing its…

ByUjjwal MaheshwariJune 6, 20260Comments

Broadcom stock chart showing 13% plunge as investors rotate out of AI chip stocks

AI Stocks Tech Stocks

Broadcom Plunges 13% Despite a Record Quarter: Has the Great AI Rotation Begun?

Key Points: Broadcom (NASDAQ: AVGO) closed down about 13% even after a record quarter that beat profit forecasts, because its AI revenue outlook was strong but not the blowout the market had priced in. The result itself was good (record revenue, AI chip sales up 143%), but the stock had run about 40%…

ByUjjwal MaheshwariJune 5, 20260Comments

Tech Stocks AI Stocks

Megaport (ASX:MP1) Surges 11% as Investors Pour A$518m Into Its AI Cloud Bet, Despite the AI Selloff

KEY POINTS Megaport (ASX: MP1) rose about 11% on 5 June 2026 to around A$18.48, after spiking as much as 27% to a record A$21.16 intraday before fading. The company raised about A$518 million from big investors, with nearly all (99%) taking part. A second offer for everyday shareholders opens on 11…

ByUjjwal MaheshwariJune 5, 20260Comments

Mining Stocks

Iron Ore Falls to 2-Month Low as Simandou Supply Surge Hits BHP, Rio and Fortescue

KEY POINTS Iron ore fell to a two-month low as Guinea's huge Simandou mine ramps up shipments, and more supply means lower prices. That dragged down Australia's big miners: Fortescue (ASX: FMG) fell 4.1%, while BHP (ASX: BHP) and Rio Tinto (ASX: RIO) each lost 3.3%. Simandou is still ramping up and…

ByUjjwal MaheshwariJune 5, 20260Comments

Coal Stocks

Coal Is Quietly the Hottest Sector on the ASX: Why Whitehaven, Yancoal and New Hope Are Surging

KEY POINTS Coal has quietly become one of the best-performing corners of the ASX in 2026, even as the broader market falls, with thermal coal up more than 20% this year. Two supply shocks have tightened the market: a fatal mine explosion in China's Shanxi province (at least 82 dead), raising fears of…

ByUjjwal MaheshwariJune 5, 20260Comments

AI Stocks Tech Stocks

Marvell Jumped 32% After Nvidia Called It the ‘Next Trillion-Dollar’ Stock: 3 ASX AI Chip Stocks on the Same Trend

KEY POINTS US chipmaker Marvell jumped 32% in a single session after Nvidia's CEO called it a possible "next trillion-dollar company," lifting AI chip stocks worldwide. Australian investors can play the same AI hardware trend through three ASX tech names. The three: Weebit Nano (ASX: WBT) in next-generation memory, Archer Materials (ASX:…

ByUjjwal MaheshwariJune 5, 20260Comments

IPOs

The SpaceX IPO Isn’t on the ASX: 3 Ways Australians Can Invest Anyway

KEY POINTS SpaceX is on track to become the largest IPO in history, but it is expected to list on the Nasdaq, not the ASX. The Betashares Space Industry ETF (ASX: RCKT) is the most direct ASX-listed way to gain exposure to the global space industry. Nasdaq 100 ETFs such as NDQ…

ByUjjwal MaheshwariJune 4, 20260Comments

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Ujjwal Maheshwari

Why Did Stocks Crash on a Strong Jobs Report? The US$1 Trillion AI Selloff Explained

Ainsworth Game Technology (ASX:AGI) Surges 17% After Chairman and Secretary Quit Over Bonus Controversy

CSL (ASX:CSL) Jumps 5.7% as Investors Pile Back Into Healthcare

Northern Star (ASX:NST) Is in Play: 3 ASX Gold Stocks That Could Be Taken Over Next

Broadcom Plunges 13% Despite a Record Quarter: Has the Great AI Rotation Begun?

Megaport (ASX:MP1) Surges 11% as Investors Pour A$518m Into Its AI Cloud Bet, Despite the AI Selloff

Iron Ore Falls to 2-Month Low as Simandou Supply Surge Hits BHP, Rio and Fortescue

Coal Is Quietly the Hottest Sector on the ASX: Why Whitehaven, Yancoal and New Hope Are Surging

Marvell Jumped 32% After Nvidia Called It the ‘Next Trillion-Dollar’ Stock: 3 ASX AI Chip Stocks on the Same Trend

The SpaceX IPO Isn’t on the ASX: 3 Ways Australians Can Invest Anyway

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Ujjwal Maheshwari

Stocks in Spotlight

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