S&P/ASX 200 Index (ASX: XJO) tech shares are starting the week with a bang.
In morning trade on Monday, the ASX 200 is up a welcome 1.6%.
As for the surging Aussie tech companies, the S&P/ASX All Technology Index (ASX: XTX) – which also contains some smaller tech companies outside of ASX 200 tech shares – is up 4.1% at this same time.
Here's how some of Australia's biggest tech shares are faring today:
- Shares in cloud-based software solutions provider WiseTech Global Ltd (ASX: WTC) are up 4.8% trading for $49.90 each
- Shares in software-as-a-service provider Technology One Ltd (ASX: TNE) are up 5.1% trading for $22.97 each
- Shares in data centre operator NextDC Ltd (ASX: NXT) are up 6.2% trading for $13.50 each
- Shares in location-sharing software developer Life360 Inc (ASX: 360) are up 5.0% trading for $26.24 each
- Shares in accounting software provider Xero Ltd (ASX: XRO) are up 1.7% trading for $83.11 each
Boom!
Here's what's got Aussie tech investors favouring their buy buttons today
Image source: Getty Images
ASX 200 tech shares on the rebound
None of the booming stocks listed above has released any price-sensitive information today.
So, why the outsized intraday gains?
Well, after getting smashed on Friday amid the broader market retrace, investors clearly see value in these large-cap ASX 200 tech shares like WiseTech and NextDC.
Indeed, we saw a similar story playing out in the US stock markets on Friday, following Thursday's tech sell-down on the Nasdaq Composite Index (NASDAQ: .IXIC).
On Friday, however, US stocks came roaring back with the S&P 500 Index (SP: .INX) closing up 2% and the tech-heavy Nasdaq surging 2.2%.
AI chip-making giant Nvidia Corp (NASDAQ: NVDA) was a standout performer, gaining a whopping 7.9% on Friday. And this is a US$4.5 trillion (AU$6.4 trillion) company we're talking about here.
For some context, WiseTech shares are worth a combined AU$16.7 billion.
Experts say 'buy the dip' with care
Commenting on the rebound in US stocks that's spilling over into ASX 200 tech shares today, Interactive Brokers' Jose Torres said (quoted by Bloomberg):
Investors are rising to the occasion and aggressively buying the dip in stocks. Basement 'animal spirits' are offering value hunters opportunities to accumulate shares amid a general sense on Wall Street that the selling has gone too far.
SlateStone Wealth's Kenny Polcari added, "For long-term investors, this is the time to go shopping. A lot is on sale."
And Bellwether Wealth's Clark Bellin concluded:
The bull market is not dead, but it is aging, and we are not surprised to see investors paying more attention to corporate earnings and profitability.
Our message to investors is to remain opportunistic when stocks dip, but not necessarily during every dip. 2026 should still be a positive year, with plenty of opportunities to buy stocks on sale.
