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Highlights
Nvidia earnings boost sentiment in data centre sector
US court ruling halts Trump-era global tariffs
ASX-listed data centre stocks lift amid upbeat global signals
The technology sector played a central role on the ASX today 200, particularly within the data centre space. The ASX 200 index saw modest upward movement, supported by a positive shift in global market sentiment. Companies such as Megaport (ASX:MP1), DigiCo Infrastructure REIT (ASX:DGT), and NextDC (ASX:NXT), which contribute to the data and connectivity infrastructure segment, registered gains during morning trade. These movements aligned with broader enthusiasm seen in global tech markets, following overnight developments in the United States.
Nvidia earnings drive surge in global tech sentiment
In the US, Nvidia’s latest quarterly earnings generated significant market reaction. The company reported a sharp increase in revenue, driven by expanding demand for AI-related hardware and systems. This performance resonated through after-hours trading, with broader indexes such as the Nasdaq responding positively. The company also emphasized increased production of its Blackwell chips, drawing attention to continued momentum in AI technology demand and international, including growing interest from Middle Eastern markets.
Court blocks Trump-era global tariffs
Market mood further improved following a legal ruling from Oregon, where federal judges determined that tariffs enacted during the previous US administration lacked lawful basis. These tariffs, initially introduced under the premise of a national emergency tied to trade imbalances, were ruled invalid. The decision marks a notable shift in trade policy enforcement, with the current appeal process yet to be resolved. The immediate effect has been a release of pressure across multiple global markets, helping lift equities and commodities alike.
Energy prices rise as trade tensions ease
Energy markets responded swiftly to the tariff ruling, with oil benchmarks including West Texas Intermediate and Brent crude climbing during early sessions. The upward move in energy pricing appeared tied to easing concerns over international trade restrictions, which had previously weighed on supply chain and transportation dynamics. This development contributed to the broader rebound in global sentiment, aiding equity performance in multiple regions.
ASX data centre tickers post gains amid tailwinds
On the ASX, companies with exposure to data infrastructure showed upward movement as the market absorbed overnight cues. Megaport (ASX:MP1) and DigiCo Infrastructure REIT (ASX:DGT) recorded early gains, while NextDC (ASX:NXT) also traded higher. These gains were reflective of broader optimism in the technology segment, with the data centre industry seen as closely tied to global developments in AI and cloud computing capacity.
Indexes impacted
Indexes affected by these movements included the ASX 200 locally, and internationally, the Nasdaq and S&P 500, both of which experienced gains following Nvidia’s results and the trade-related legal developments. The movement of these indexes contributed to the overall momentum on the ASX during the session.
