Investors buy the software dip as Atlassian surge comes too late

New data shows some retail investors piling into Australian tech companies, whose shares have been smashed by artificial intelligence fears, but a rally in Atlassian shares has come too late to save it from a costly fall from the Nasdaq 100 index.

Atlassian shares soared 10 per cent on Wednesday night after a horror run in 2026 that has left it down 57 per cent, preceding big gains on Thursday in struggling local software stocks including Xero and WiseTech Global.

Source: https://www.afr.com/technology/investors-buy-the-software-dip-as-atlassian-surge-comes-too-late-20260416-p5zocp