HUGE.AX is trading 3.4% higher today, rebounding from recent losses as US mega-cap technology stocks surge following strong earnings and cooling inflation data.
- The rally is led by major AI and cloud leaders, including Microsoft and other Magnificent 7 names, which have seen increased demand following robust quarterly results.
- Improved risk sentiment toward high-growth tech stocks follows recent US economic data showing a slowdown in inflation, fueling broader gains for the Solactive Magnificent 7+ Index.