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National Business Review

February 2026

Contact capital raise ‘the right thing to do’

NZSA endorses offer structure as supporting long-term shareholder returns; largest shareholder Infratil wouldn't comment on whether it would support the raise

Tech sector sell-off continues but Skellerup boosts confidence

A tech sector stock market sell-off continued this week as investors worried that the hundreds of billions of dollars being invested by hyperscalers into AI infrastructure may take more time to show a return than expected

Greg Smithgenerate Investment Management investment specialist
If we saw similar results through the season, I think investors would be pretty well pleased,

The week that AI came for tech stocks

It was prompted after AI developer Anthropic launched new plug-ins for its Claude Cowork agent that could automate tasks across legal, sales and marketing teams, and data analysis