BUZZ - Boosted by the AI-driven rally in overnight US stock markets, Australian tech stocks rise

October 28 - ** Australian technology stocks .AXIJ rose 2.7%, on track for their largest single-day gain since October 16

** The tech-heavy Nasdaq Index (link) climbed overnight, boosted by Anthropic filing for an initial public offering (IPO), as well as a series of AI-related funding announcements from Meta, SpaceX, and Broadcom, lifting market sentiment

** Megaport MP1.AX shares rose 6%, TECHNOLOGY ONE TNE.AX gained 1.4%, and WiseTech Global WTC.AX was up 1.2%

** Data center operator NEXTDC (NXT.AX) soared more than 10%, driving the sector higher. The company had earlier filed its covenant compliance report as of June 30 with its senior creditors, stating it had met both of its financial covenant requirements

** Citi said the update on covenant compliance should help alleviate investors' concerns about the balance sheet

** The sub-index is down more than 23% so far this year

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