The market spent this year punishing anything with a software multiple. This week’s Switzer Show starts with the names that might be due a turn, then follows the AI money back to where it actually gets spent.
Peter Switzer talks to Grady Wulff, Senior Market Analyst at Bell Direct, about the SaaS names sold down this year, which of them have the foundations to recover, and the mining giant she thinks the copper cycle is about to reprice.
Raymond Chan, Private Client Adviser and Head of Asian Desk at Morgans, is back from Hong Kong and the Greater Bay Area. He explains why the front end of AI is digital and the back end is physical, and what that leaves for Australian resources, data centres and infrastructure.
Kyler Chong, General Manager, SME at Virgin Australia, then joins Peter on the airline’s new Business Flyer program, why SME travel has not slowed, and how a small business can earn points twice on the same flight.
On the show:
- The SaaS names sold down this year, and the one with almost every broker on a buy.
- A logistics business with no close competitor, and whether AI is a threat to it or a tool for it.
- What the brokers now want to pay for CBA after this year’s run.
- Copper, uranium, and why a new mine takes decades to reach production.
- The pick out of reporting season that is not a tech stock, but sells into the AI build-out.
- Two more rate rises sit on the futures curve. Which retailers can wear that, and which cannot?
Every stock named on the show, with the call and who made it: All the stock tips from this week’s Switzer Show: 21 September 2026
The Switzer Show airs Monday at 19:00 AEST on ausbiz. Watch the episode on YouTube or listen on Spotify.
