Shares in language translation, data, machine learning and artificial intelligence business Appen Ltd (ASX: APX) are up 4.3% to $14.86 today and once again approaching a record high of $16.
The Appen share price fell heavily in the final quarter of calendar year 2018 in line with tech and other highly-valued growth shares around the world as investors worried an inverted yield curve pointed to a recession ahead for the US.
However, it seems sentiment and the yield curve have turned with the tech-heavy Nasdaq index in the U.S. starting 2019 with some healthy gains to lead tech shares higher everywhere.
Appen itself has been operating exceptionally well and on 15 November even told investors to expect full year EBITDA to come in between $62 million to $65 million, which compares to prior guidance for EBITDA between $54 million to $59 million.
Appen is not the only hot tech share rising today, with AfterPay Touch Group Ltd (ASX: APT) up 3% to $13.97, and Altium Limited (ASX: ALU) up 1.3% to $23.80.
