Megaport is trading 6.1% up at A$19.04 as investors continue to buy the dip following a sharp pullback on July 29.
- The stock's recovery follows a strong rebound during the July 31–August 3 sessions, signaling renewed investor confidence in the absence of fresh company news.
- The upward move aligns with a wider rally across software and cloud names, bolstered by strong sector earnings and positive sentiment surrounding AI.