Macquarie Telecom Group Limited

Those are some of the hardest hit names in the SaaSpocalypse, which has been going on for about a year now.

While companies exposed to data centers saw a up and down reaction, Macquarie Technology Group finishing slightly in the green, while SKS, which had secured a lucrative contract with STC, came under pressure today.

Not quite as bad as the open, where it was down around 10%.

It finished off 3.6, while Goodman Group, the other data center exposure in Australia, finished off 2.2%.

Technology shares were among the weaker performers, weighed down by Nasdaq losses from the prior session.

Shares in Megaport, Macquarie Technology, and NextDC retreated after U.S.-based AI cloud provider CoreWeave posted a roughly 15 percent decline on Wall Street.

Bell Potter maintained a buy recommendation on Megaport but revised its price target down to $26 Australian dollars.

Energy stocks were positioned to benefit from overnight gains in crude prices.

That finished down at 4.5%, and most of the Australian data center exposures.

We had NEXTDC off 7.6%, Macquarie Technology down 7.7%, and SKS Technologies off 20.5% today.

Absolutely hammered.

One of the few to escape damage was Goodman Group due to it having other business segments outside of data centers.

Australian bond yields did drift lower today.

The Australian two-year bond yield down around two basis points since yesterday's close, which helped the discretionary sector but did nothing for tech.

It certainly wasn't just NEXTDC, Macquarie Technology, and SKS that were under pressure.

We had Codan off 6%, Wisetech and Xero both down around 3%.