NXT bounced back by 2.8% on Thursday, but the move hardly dented the more than 30% correction from its mid-2024 high, following the profit-taking that has swept through the AI space following the DeepSeek announcements. Locally, NXT was also weighed down by huge data centre capital raises by Goodman Group (GMG) and HMC Capital.
- We like NXT, but it’s been in the wrong place at the wrong time in 2025 – we own NXT in our Active Growth Portfolio.
MM is long and cautiously bullish NXT
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