Pro Medicus Shares Jump 9% as Buyers Return After Brutal AI-Led Selloff
Pro Medicus surged roughly 9% on Friday, with the Australian medical imaging software stock continuing its rebound. Investors piled back in after last week's steep post-results slide. Shares last changed hands at A$132.70, up 9.23%, building on Thursday’s rally. This shift is significant: Pro Medicus, once packed with bullish trades on the ASX, has flipped into a major underperformer this year. Despite Friday’s rally, shares remain down 44.9% for 2026. That rough patch started with the Feb. 12 results, which sparked a 23.8% plunge in a single session as investors bailed out of high-flying software names on AI jitters.