Tech stocks including Atlassian and Shopify surge as easing geopolitical tensions spark investor appetite for AI-enabled growth companies

Market sentiment shifted to 'risk-on' following potential U.S.-Iran peace negotiations, reducing geopolitical uncertainty

Growth-heavy tech stocks like Microsoft and ServiceNow rallied as investors sought high-margin subscription revenue models

Enterprise software companies with clear paths to integrate generative AI into workflows attracted renewed investor interest

Afternoon trading session showed particular strength in stocks positioned to benefit from AI adoption in business applications