{"id":462715,"date":"2026-02-06T17:54:14","date_gmt":"2026-02-06T17:54:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/462715\/"},"modified":"2026-02-06T17:54:14","modified_gmt":"2026-02-06T17:54:14","slug":"lunch-wrap-asx-flinches-as-uranium-stocks-get-whacked-on-ai-fears","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/462715\/","title":{"rendered":"Lunch Wrap: ASX flinches as uranium stocks get whacked on AI fears"},"content":{"rendered":"

Uranium stocks get whacked as tech wobble continues. Pic: Getty Images<\/p>\n

Wall Street tech fear spreads as ASX flinches
\nUranium stocks get whacked on cooling AI
\nNeuren Pharmaceuticals dives despite good FDA feedback<\/p>\n

\u00a0<\/p>\n

By Thursday lunch in Sydney, the ASX 200 was already on the back foot, down 0.15%.<\/p>\n

Wall Street had set the tone overnight, with tech back in the firing line.\u00a0The fear, in particular, has crept into software stocks.<\/p>\n

This wasn\u2019t sparked by some ugly earnings miss.<\/p>\n

It came after Anthropic rolled out a new AI-driven legal tool, and suddenly the market started acting like the software industry had just been put on notice.<\/p>\n

The logic goes that if AI automates workflows, software vendors lose pricing power.<\/p>\n

\u00a0<\/p>\n

Back home, healthcare and retailers were the early bright spots.<\/p>\n

Healthcare gets the nod whenever markets feel uneasy, because people don\u2019t cancel medical treatment when tech stocks wobble.<\/p>\n

Miners, meanwhile, were on the back foot. Part of this is likely just profit taking after a strong run.<\/p>\n

But uranium names, in particular, got whacked while confidence in the AI boom took a dent after chipmaker AMD\u2019s outlook failed to live up to lofty hopes.<\/p>\n

That disappointment then rippled into uranium because nuclear has been sold as the long-term power source for power-hungry AI data centres.<\/p>\n

Paladin Energy (ASX:PDN)<\/a> was down 6%, Deep Yellow (ASX:DYL)<\/a> by 4%.<\/p>\n

Gold names also took a breather as bullion dipped back below US$5,000 an ounce.<\/p>\n

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\"\"Source: Market Index<\/p>\n

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In the large caps space, Beach Energy (ASX:BPT)<\/a> slipped after posting an 8% dip in net profit before one-offs, thanks to lower production after flooding in its Cooper Basin heartland.<\/p>\n

JB HiFi (ASX:JBH)<\/a> rolled out Australia\u2019s first consumer electronics retail media network with Retail MediaWorks. It sounds niche, but retail media is now a roughly $2 billion category.<\/p>\n

Neuren Pharmaceuticals (ASX:NEU)<\/a>\u00a0dived\u00a0more than 7% despite receiving broadly supportive feedback from the FDA and the US Congress reauthorising the Rare Paediatric Disease Priority Review Voucher program through to 2029.<\/p>\n

Neuren also said it\u2019s about to share fresh results from a major late-stage trial for Phelan-McDermid Syndrome, which is the next big catalyst investors are watching.<\/p>\n

On paper, that\u2019s bullish. But in practice, stocks trade on whether the news beats the hype that\u2019s already priced in.<\/p>\n

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ASX LEADERS<\/p>\n

Today\u2019s best performing stocks (including small caps) intraday:<\/p>\n

Security Description Last % Volume MktCap KLV Klevo Rewards Ltd 0.026 30% 8,050,155 $30,719,299 EPN Epsilon Healthcare 0.038 27% 433,066 $11,373,120 IMI Infinitymining 0.012 26% 15,480,442 $5,081,532 RHY Rhythm Biosciences 0.220 26% 2,578,693 $57,236,973 ABR Albrightmetals Ltd 0.005 25% 2,390,434 $5,942,663 BP8 Bph Global Ltd 0.003 25% 28,144,086 $3,706,969 CHM Chimeric Therapeutic 0.003 25% 116,833 $8,837,407 ROG Red Sky Energy. 0.003 25% 3,952,089 $10,844,454 CDR Codrus Minerals Ltd 0.031 24% 1,842,158 $5,168,359 1AI Algorae Pharma 0.024 20% 788,975 $33,776,169 BUY Bounty Oil & Gas NL 0.003 20% 619,000 $3,904,002 SNX Sierra Nevada Gold 0.057 19% 8,949,354 $23,375,041 LMS Litchfield Minerals 0.825 19% 1,865,172 $39,891,999 FIN FIN Resources Ltd 0.013 18% 1,999,920 $11,620,734 LSR Lodestar Minerals 0.013 18% 2,058,182 $12,636,276 AVE Avecho Biotech Ltd 0.011 17% 1,663,952 $33,061,173 BPH BPH Energy Ltd 0.011 17% 2,494,989 $12,184,640 BIT Biotron Limited 0.004 17% 1,771,739 $8,105,598 IPB IPB Petroleum Ltd 0.007 17% 1,202,890 $5,118,023 SPX Spenda Limited 0.004 17% 7,228,445 $16,254,775 TEE Topendenergylimited 0.036 16% 1,970,182 $8,670,497 JNS Januselectricholding 0.145 16% 185,214 $12,065,537 MVL Marvel Gold Limited 0.022 16% 17,755,701 $26,969,722 T88 Taitonresources 0.150 15% 6,631 $14,477,499 WordPress Table<\/a><\/p>\n

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Klevo Rewards (ASX:KLV)<\/a> has turned Fly Wallet into a live Mastercard rewards card and digital wallet platform it owns and operates end-to-end.<\/p>\n

Epsilon Healthcare (ASX:EPN)<\/a> has signed a 3-year manufacturing deal with New Zealand\u2019s largest medicinal cannabis producer, Puro, to make EU GMP-certified products for export to the UK from Q1 2026.<\/p>\n

With Europe to follow,the company is guiding to around $6 million in manufacturing revenue over the initial term.<\/p>\n

BPH Global (ASX:BP8)<\/a> has raised $1m at market price to scale its revenue-generating Indonesian seaweed platform, after delivering record monthly sales and its second-best month since launching trading in May 2025.<\/p>\n

The cash lets it immediately lift volumes and exports from its licensed Makassar operation, while also funding R&D to move into higher-margin products.<\/p>\n

Litchfield Minerals (ASX:LMS)<\/a> has hit thick, continuous copper and zinc mineralisation from near surface at Oonagalabi, including a standout 161-metre zone with multiple higher-grade sections, confirming the system is large and consistent rather than patchy.<\/p>\n

The drilling shows the mineralisation runs both sideways and deeper, is still open in multiple directions.<\/p>\n

\u00a0<\/p>\n

ASX LAGGARDS<\/p>\n

Today\u2019s worst performing stocks (including small caps) intraday:<\/p>\n

Security Description Last % Volume MktCap RRE Right Resources 0.175 -49% 3,375,710 $30,625,885 ADS Adslot Ltd. 0.001 -33% 2,021 $8,791,084 TEM Tempest Minerals 0.006 -25% 755,608 $8,815,010 MGH Maas Group Holdings 4.330 -23% 2,928,414 $2,037,253,198 M79 Mammothmineralsltd 0.089 -23% 3,045,622 $64,274,992 PUR Pursuit Minerals 0.110 -21% 1,644,643 $26,334,089 AUK Aumake Limited 0.002 -20% 10,967 $9,619,647 SER Strategic Energy 0.008 -17% 3,690,680 $10,025,400 TEG Triangle Energy Ltd 0.003 -17% 1,378,084 $6,668,834 APC APC Minerals 0.011 -15% 1,444,124 $9,543,636 DTZ Dotz Nano Ltd 0.034 -15% 597,997 $27,723,964 SRL Sunrise 9.640 -15% 429,953 $1,621,055,378 ENV Enova Mining Limited 0.006 -14% 55,978 $11,053,200 PGY Pilot Energy Ltd 0.003 -14% 2,110,490 $9,444,138 PR2 Piche Resources 0.120 -14% 368,142 $13,515,521 SIS Simble Solutions 0.006 -14% 71,500 $8,948,312 KNB Koonenberrygold 0.031 -14% 13,971,998 $36,988,560 TGN Tungsten Min NL 0.280 -14% 4,637,162 $363,152,672 AZI Altamin Limited 0.025 -14% 263,859 $22,979,158 YUG Yugo Metals Ltd 0.045 -13% 28,000 $16,669,334 ELS Elsight Ltd 4.020 -13% 884,842 $1,015,537,672 KLR Kaili Resources Ltd 0.135 -13% 35,662 $22,847,056 AJX Alexium Int Group 0.007 -13% 99,750 $25,022,280 WordPress Table<\/a><\/p>\n

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IN CASE YOU MISSED IT<\/p>\n

Black Rock Mining (ASX:BKT)<\/a> has awarded the bulk earthworks contract for its Mahenge graphite project in Tanzania,\u00a0to the tune of US$11m<\/a>.<\/p>\n

Red Mountain Mining (ASX:RMX)<\/a> has acquired the historical Thompson Falls high-grade antimony project, adjacent to the only operating smelter in the US<\/a>.<\/p>\n

Koonenberry Gold (ASX:KNB)<\/a> has extended the mineralised zone at the Sunnyside prospect of its Enmore gold project in NSW<\/a>.<\/p>\n

Micro-X (ASX:MX1)<\/a> has started activation at its first hospital trial site, the Royal Melbourne Hospital, for its portable Head CT scanner designed to rapidly detect stroke<\/a>.<\/p>\n

\u00a0<\/p>\n

LAST ORDERS<\/p>\n

Cynata Therapeutics (ASX:CYP)<\/a> will present on its Cymerus iPSC-derived MSC technology today at the 2026 Euroz Hartleys Healthcare Forum.<\/p>\n

Cymerus is a cell-therapy production platform designed to overcome the limitations of commercially scaling cell therapies with conventional methods.<\/p>\n

The presentation will take place today, Thursday February 5, at 8:50am AWST (11:50am AEDT).<\/p>\n

European Lithium (ASX:EUR)<\/a> has offloaded about 2.5 million shares in Critical Minerals Corp for about $45 million, increasing its cash reserve to $356 million.<\/p>\n

EUR now holds just over 45.5 million shares in Critical Minerals Corp, worth just over US$689.4 million based on the company\u2019s last closing price.<\/p>\n

\u00a0<\/p>\n

At Stockhead, we tell it like it is. While Cynata Therapeutics and European Lithium are Stockhead advertisers, they did not sponsor this article.\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"Uranium stocks get whacked as tech wobble continues. Pic: Getty Images Wall Street tech fear spreads as ASX…\n","protected":false},"author":2,"featured_media":462716,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":{"0":"post-462715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/462715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=462715"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/462715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/462716"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=462715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=462715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=462715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}