🟢 AI ETF (GXAI.AX) is trading 3.2% up today after strong earnings revived AI spending confidence

GXAI.AX is trading at A$16.52, up +3.19%, as strong earnings revived confidence in AI spending and growth prospects.

• AI and technology stocks continued rebounding; the Nasdaq 100 gained sharply over four sessions, led by Microsoft, Nvidia, Palantir, and memory-chip stocks.
• The unexpectedly weak July jobs report reduced expectations of a near-term Fed rate hike, lowering yields and supporting high-growth technology valuations.
• Asian chipmakers also advanced on August 10, reinforcing the AI supply-chain rally.