Australia's AI-focused stocks rise after Nvidia beats quarterly sales estimates

ReutersMay 29, 2025 1:31 AM

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AI-focused stocks in Australia gain after Nvidia NVDA.O, the world's most valuable semiconductor firm, rose on beating first-quarter sales expectations

Nasdaq .IXIC also gained overnight, pushing the Australian tech index .AXIJ up as much 0.9%

Data processing firm Appen APX.AX rises 1.6%

Data centre developers and operators NEXTDC NXT.AX and DigiCo Infra REIT DGT.AX advance 3.5% and 1.8%, respectively

YTD, AXIJ up 5.3% and outperforms the benchmark index ASX200's .AXJO gains of 2.9%

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