ASX:MP1 15 May 2026 - 8 June 2026

Megaport Shares Just Jumped Again as AI Cloud Bet Faces a Crucial Retail Test
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Megaport Shares Just Jumped Again as AI Cloud Bet Faces a Crucial Retail Test

Megaport Ltd rose 3.03% to A$19.04 on Tuesday, extending the sharp rerating that followed its AI infrastructure contracts and capital raising. The ASX-listed network and compute company opened at A$17.55, dipped to A$17.09, then pushed as high as A$19.25 before the close. The timing matters. Tuesday was the first trading session after the ASX cash market’s King’s Birthday closure on Monday, and Megaport is now heading into the retail leg of an A$827.3 million entitlement offer — a capital raising that lets existing shareholders buy new shares in proportion to their holdings.
June 9, 2026
Megaport Shares Head Into Key Week as AI Cloud Move Lifts ASX
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Megaport Shares Head Into Key Week as AI Cloud Move Lifts ASX

Megaport Ltd is set to open on Tuesday at the ASX after closing out last week with an 11.26% gain to A$18.48. Shares jumped on Friday, ahead of the King’s Birthday break. That move came as the S&P/ASX 200 dropped 0.70% to 8,625.10. Megaport’s rise caught attention in a weak market. The stock didn’t trade on Monday. The ASX marks June 8 as a King’s Birthday holiday in its 2026 calendar, closing the cash market with no settlement. ASX cash markets usually trade from just before 10 a.m. to 4 p.m. in Sydney.
June 8, 2026
Megaport shares jump on AI move, retail traders weigh in
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Megaport shares jump on AI move, retail traders weigh in

Megaport Ltd is going into this holiday-shortened week as one of the hotter AI infrastructure plays on the ASX after shares jumped Friday. That move came on the back of a A$827.3 million equity raise and news of four fresh AI infrastructure contracts. Australian stocks are closed Monday for the King’s Birthday, so investors have more time to chew over whether Friday’s jump in Megaport was a clear sign of support for its AI compute move or just a quick trade on limited AI exposure.
June 7, 2026
ASX Faces Volatile Tuesday Reopen After Long Weekend as Banks and Miners Watch Wall Street
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ASX Faces Volatile Tuesday Reopen After Long Weekend as Banks and Miners Watch Wall Street

Australian stocks ended lower ahead of the long weekend, as the S&P/ASX 200 dropped for the week—its first weekly decline in three weeks. Banks and miners weighed the index down on Friday. The index gave up 61 points, or 0.7%, settling at 8,625.10. That put losses for the week at 1.2%. Share trading on the ASX stays closed Monday for the King’s Birthday holiday. The next local session is set for Tuesday.
June 6, 2026
Megaport Stock Jumps 28% After $254 Million AI Contracts — The Capex Catch
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Megaport Stock Jumps 28% After $254 Million AI Contracts — The Capex Catch

Shares of Megaport Ltd surged 27.72% to finish at A$12.58 on Thursday. The pop came after the Australian network infrastructure firm announced that its Latitude.sh division landed three fixed-term compute, network, and storage deals totaling A$254 million, working with two separate U.S. tech providers. The contracts lock in a solid revenue stream for Megaport’s newer compute arm, backing its expansion from cloud connectivity into AI infrastructure. According to Megaport, once the hardware is up and running—targeted by the end of the first half of fiscal 2027—the deals are set to contribute roughly A$90.6 million in annualised recurring revenue, or ARR, over a twelve-month period.
May 15, 2026