MAGS is trading 3% up today as U.S. megacap technology and AI-linked stocks continue their post-earnings rebound.
- The move aligns with broader strength in the Nasdaq, supported by cooling inflation data and a steady Federal Reserve policy stance.
- Strong cloud and AI-driven results from heavyweights Microsoft and Amazon are fueling investor optimism in the sector.
- Easing geopolitical tensions are further boosting risk appetite for growth-oriented assets.