WiseTech Global Ltd's stock surged 8.25% during intraday trading on Tuesday, marking a significant upward movement for the Australian technology company.

The sharp rise comes as Australian tech stocks track their U.S. peers higher, with investors cheering the unveiling of a new computer chip that promises to bring artificial intelligence to personal computing. This AI optimism has fueled gains across the technology sector.

WiseTech Global was among the top gainers on the broader ASX200 benchmark, alongside other sector giants like Xero, which also gained more than 8%. The Australian tech sub-index rose as much as 4.3%, hitting its highest level since February 4, and is on track for a third consecutive session of gains if the current trend holds.