Chance to buy best ASX 200 tech stocks in recent softening

Despite recent volatility in the tech sector, the reality is that artificial intelligence, cloud computing and automation are core drivers of long-term growth. Businesses are more likely to embed AI into their operations rather than be replaced by it and the good news for investors is that recent volatility has created a rare opportunity to buy high-quality ASX tech stocks at attractive valuations.

Best ASX 200 tech stocks

NEXTDC Limited (ASX: NXT) 

WiseTech Global Limited (ASX: WTC) 

Megaport Limited (ASX: MP1) 

NEXTDC Limited (ASX: NXT) 

NEXTDC Limited closed at $13.52 on Thursday which is much lower than its 52-week high of $18.22 and on 16 January 2026, the company announced that it received planning approval for its M4 Melbourne data centre at Port Melbourne in Victoria.

The company also entered into a memorandum of understanding with OpenAI to develop a sovereign hyperscale AI campus and large-scale GPU infrastructure at its S7 site in Sydney which marks a major step in its AI strategy.

Contracted utilisation rose by 71MW to 316MW while the forward order book increased by 53% to 205MW and FY26 capital expenditure guidance was raised to a range of $2.2 billion to $2.4 billion which shows management’s confidence in long-term demand for data centre capacity.

In FY25 net revenue increased by 14% to $350.2 million and Underlying EBITDA rose by 6% to $216.7 million which was supported by higher demand from AI cloud and hyperscale workloads.
This presents an attractive opportunity as the AI cycle still has a long runway and the balance sheet is strong with total assets of $5.7 billion and gearing of just 18%.

WiseTech Global Limited (ASX: WTC) 

WiseTech Global Limited fell 6.62% on Thursday and is down 61.46% over the past 12 months as part of a broader sector sell off even though the underlying business has improved.
For FY25, revenue rose to US$778.7 million which represents 13% year-on-year growth and underlying NPAT increased to US$241.8 million which reflects 30% year-on-year growth supported by recurring revenue and scale benefits from the CargoWise platform.

A key strategic move during the year was the acquisition of e2open which expands WiseTech’s addressable market and strengthens its position across global trade solutions.
EBITDA margins have been above 50% which shows the scalability of its software business model and disciplined cost control despite continued investment in product development.

With valuation risk now reduced, this may present an attractive entry point as management expects strong revenue and EBITDA growth in FY26.

Megaport Limited (ASX: MP1) 

Megaport Limited dipped 4.84% on Thursday and is down 9.45% year-to-date as sentiment around technology stocks has remained weak since the start of 2026 but this decline presents an opportunity supported by massive demand for cloud and data centre connectivity.

The company reported FY25 revenue of $227.1 million and EBITDA of $62.3 million while holding net cash of $87.8 million on the balance sheet which gives it flexibility through the current growth phase.

Megaport now has a market capitalisation of $1.96 billion and a major update during FY25 was the addition of 115 new data centres which expanded its global presence.

FY26 guidance points to revenue of $260 to $270 million with EBITDA margins of 18% to 20% as management plans further investment in sales capacity, product development and network expansion to drive the next phase of growth.

(Source: Company Reports)