MP1.AX is trading 4% down today at $20.03 on profit-taking after a sharp run-up driven by capital raising news and large AI infrastructure contract wins earlier in June.
- The stock had surged following an $827.3 million equity raise and the securing of four new AI GPU contracts worth approximately A$458.9 million.
- Today’s move likely reflects market consolidation and profit-taking rather than any new negative company-specific developments.