Aussie tech stocks track Nvidia higher on quarterly estimate beat

TECHNOLOGY ONE

29/05/2025 01:58

** Australian technology stocks rise as much 0.8% to hit their highest levels since February 20

** The sub-index logs its fifth consecutive session of gains

** Local stocks track gains of Nvidia NVDA.O, the world's most valuable semiconductor firm, after co beat sales expectations for the first quarter

** Logistics software firm WiseTech Global WTC.AX gains 0.4% while enterprise software maker TechnologyOne TNE.AX rises 0.5%

** AXIJ up 5.6% YTD including the day's moves, outperforming a 3.2% rise on the broader benchmark index .AXJO