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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)

963 articles published

Space Stocks

SpaceX Drops 7% After Musk Calls Bombshell AI Phone Report ‘Utterly False’

SpaceX (NASDAQ:SPCX) fell about 7% to around US$158 on Wednesday, 1 July 2026, and the reason was unusual. The stock did not drop on bad news, but on a report the company denied. Elon Musk dismissed a Wall Street Journal story claiming SpaceX had shown investors a secret AI phone, calling it "utterly false." So…

ByUjjwal MaheshwariJuly 2, 20260Comments

SK Hynix and Samsung stocks crashing on Kospi during AI memory selloff

Tech Stocks AI Stocks

Micron’s Rivals Just Crashed 14%: What SK Hynix and Samsung’s Slide Means for the Memory Trade

The global AI selloff has spread to Asia, and it hit hard. On Thursday, 2 July 2026, South Korea's two memory giants tumbled: SK Hynix fell about 14.6%, and Samsung Electronics dropped about 9%. The selling was so heavy it forced an emergency pause in trading on the Kospi, South Korea's main stock index. For…

ByUjjwal MaheshwariJuly 2, 20261Comment

US stocks Tech Stocks

Meta (NASDAQ:META) Surges 9% as Its AI Cloud Bet Takes On Amazon and Microsoft

Meta (NASDAQ:META) was one of the market's biggest winners this week, jumping about 9% to around US$613 on Wednesday 1 July 2026. The reason was a report that the company plans to start selling its spare AI computing power to other businesses. On a week when many AI stocks were falling, Meta stood out. So…

ByUjjwal MaheshwariJuly 2, 20260Comments

Tech Stocks Technology

Why Microsoft (NASDAQ:MSFT) Is Surging While AI Chip Stocks Crash

While AI chip stocks were crashing this week, Microsoft (NASDAQ:MSFT) did the opposite. The software giant rose about 3% to around US$384 on Wednesday, 1 July 2026, one of the market's few big winners on a rough day for tech. On the same day, Micron fell about 10.6%, AMD lost 6.9%, and Intel dropped 9%.…

ByUjjwal MaheshwariJuly 2, 20260Comments

Tech Stocks

Why Micron (NASDAQ:MU) Crashed 10% After Its Best Quarter Ever: Buy the Dip or Ring the Register?

Micron (NASDAQ:MU) fell about 10% on Wednesday, 1 July, closing near US$1,032, even though it had reported the best quarter in its history just a week earlier. That is the strange part. The results were excellent, but the stock still dropped hard. Here is why it happened and what it means for investors now. Micron…

ByUjjwal MaheshwariJuly 2, 20260Comments

Space Stocks

Rocket Lab Takes On SpaceX: Inside the US$8bn Iridium Deal That Changes Everything

Rocket Lab (NASDAQ:RKLB) just made the biggest bet of its life. The company announced it will buy satellite communications operator Iridium (NASDAQ:IRDM) for around US$8 billion, and investors loved it: RKLB jumped almost 16% when the deal broke, then climbed further to around US$102. So why is this deal such a big deal, and can…

ByUjjwal MaheshwariJuly 2, 20260Comments

Tech Stocks

Why SanDisk (SNDK) Stock Is Plummeting Despite a US$3,000 Price Target

SanDisk (NASDAQ:SNDK) has given investors whiplash this week. On Tuesday, the stock jumped almost 11% after Bernstein set a bold US$3,000 price target. Then on Wednesday it did the opposite, falling around 11% back to roughly US$2,016. The odd part? The drop came on the same day Bank of America lifted its own target to…

ByUjjwal MaheshwariJuly 2, 20262Comments

Consumer

Nike (NYSE:NKE) Jumps After Earnings: Why a Weak-Looking Quarter Still Lifted the Stock

Nike (NYSE:NKE) gave investors a two-day rollercoaster this week. When results landed after the US market closed on Tuesday, June 30, the stock first fell around 4% in after-hours trading, and headlines quickly declared the quarter a disappointment. But when regular trading opened the next day, Wednesday, July 1, the mood flipped: shares climbed more…

ByUjjwal MaheshwariJuly 2, 20260Comments

AI Stocks

AMD, Micron and Marvell Just Had a Blockbuster Quarter: Is It Too Late to Buy AI Chip Stocks?

The AI chip trade just delivered one of the most staggering quarters in market history. In the three months to June, Micron, Intel and AMD added roughly US$2 trillion in combined market value, and the VanEck Semiconductor ETF (NASDAQ: SMH) posted its best quarter since 2000. The interesting part? Nvidia, the poster child of the…

ByUjjwal MaheshwariJuly 1, 20260Comments

Consumer

Why Coles (ASX:COL) Shares Dropped on Its A$4bn Move Into Pet Care

Coles Group (ASX:COL) had a bruising day on Wednesday. The stock sank as much as 7.7% during the session, hitting a low of A$22.48, before recovering to close down about 4% at A$23.35, from a previous close of A$24.37. The trigger? Coles confirmed it is in talks to buy Greencross, a big pet care company,…

ByUjjwal MaheshwariJuly 1, 20260Comments