By Stan Choe
Publication Date: 2026-02-25 18:16:00
Staff reporter
Updated ,published for the first time
The Australian stock market opened higher, extending Wednesday’s rally, after Nvidia, the US chipmaker at the heart of the artificial intelligence revolution, again posted results that beat Wall Street’s expectations and eased concerns about the AI boom.
The S&P/ASX 200 rose 37.50 points, or 0.4 percent, to 9165.60 as of 10:51 a.m. AEDT, led by technology stocks. The ASX rose 1.2 percent on Wednesday to close at a record high. The Australian dollar was trading at $71.20 at 10:54 a.m. AEDT.
Qantas shares climbed as much as 4.1 percent before sliding 6.1 percent. The airline reported half-year profit of $1.46 billion as Airbus planes become less fuel hungry…
