Australian shares are set to open higher after Wall Street reset records, led once again by blue-chip technology stocks Nvidia and Apple.
Futures indicate that the S&P/ASX 200 Index is set to open up 19 points or 0.2 per cent at the start of trade. That’s after major US indices advanced with the S&P 500 up to 0.4 per cent to 6693.75 and the tech-heavy Nasdaq Composite up 0.7 per cent to 22,788.98.
Shares in Nvidia rose 4 per cent. The company said it would invest as much as $US100 billion ($150 billion) in OpenAI to support the building of new data centres and the infrastructure needed to power artificial intelligence workloads. Apple extended its one-month surge to nearly 12 per cent with a 4.3 per cent advance. Its stock is nearing a record high as its market cap moves towards the $US4 trillion mark.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-nvidia-and-apple-lift-s-and-p-500-nasdaq-20250923-p5mx54