Pexa

Pexa Group is rated a buy.

The property settlement exchange increased its impairment forecast to between $35 million and $40 million for the 2025 financial year and announced the departure of Les Vance, its Australia chief executive.

13/2 update: There are early signs of buying, but wait for the cross above the 10-day average.

AI technologies and datacenter buildouts

Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technologies and datacenter buildouts in 2025. That’s up from $230 billion in 2024.

Amazon offered the most ambitious spending initiative, aiming to spend over $100 billion.

Amazon is under Algo Engine sell conditions, and we’ll examine the stock more closely following a price retracement back toward $200.