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Palantir stock surged as investors bet on rising U.S. drone spending, expanding defense AI adoption, and growing institutional demand

Atlassian, Datadog, Docusign, Intuit and Snowflake have been highlighted in this Investment Ideas article.

A number of stocks jumped in the afternoon session after software stocks extended their rally, carrying momentum from one of the sharpest sector reversals of 2026.

A number of stocks jumped in the afternoon session after software stocks extended their rally, carrying momentum from one of the sharpest sector reversals of 2026.

Shares of creative software giant Adobe (NASDAQ:ADBE) jumped 5.8% in the afternoon session after software stocks extended their rally, carrying momentum from one of the sharpest sector reversals of 2026.

A number of stocks jumped in the afternoon session after software stocks extended their rally, carrying momentum from one of the sharpest sector reversals of 2026.

A number of stocks jumped in the afternoon session after software stocks extended their rally, carrying momentum from one of the sharpest sector reversals of 2026.

A number of stocks jumped in the afternoon session after software stocks extended their rally, carrying momentum from one of the sharpest sector reversals of 2026.

A number of stocks jumped in the afternoon session after software stocks extended their rally, carrying momentum from one of the sharpest sector reversals of 2026.

Shares of enterprise workflow automation company ServiceNow (NYSE:NOW) jumped 9.4% in the afternoon session after it continued to rally extending double digit gains from the previous session, which was driven by two forces: Snowflake's blowout Q1 results showing enterprise AI adoption is accelerating rather than disrupting software demand, and Dell's confirmation that enterprises are committing to full-stack AI infrastructure at a scale nobody had modelled.

Shares of cloud data platform provider Snowflake (NYSE:SNOW) jumped 10% in the afternoon session after the company continued to rally on strong first-quarter results and received a price target upgrade from Wedbush Securities, fueled by optimism around artificial intelligence demand.

Shares of database platform company MongoDB (NASDAQ:MDB) jumped 17.9% in the afternoon session after it continued the rally that started with its own earnings beat on May 28 and sustained by the broader software sector rotation.

Software stocks soared on Monday as investors grow increasingly confident that artificial intelligence will serve as a powerful growth catalyst rather than an existential threat to the industry's business models.

Snowflake Inc. (NYSE:SNOW) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week. Cramer discussed the company’s upcoming analyst day, as he commented: The next day, we’ve got some market-moving tech news. We know after speaking to Sridhar Ramaswamy, the CEO of Snowflake, earlier this […]

Snowflake Inc. (NYSE:SNOW) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Cramer noted the company’s AI journey, as he remarked: Let’s dive into how Snowflake dazzled so brightly just all session. How did it do it? […]

Palantir Technologies Inc. (NASDAQ:PLTR) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. When a caller inquired about the stock, Cramer said: Okay, right now, other companies are shining so brightly that they’re taking away the sheen […]

Strong earnings and better AI adoption trends helped lift software stocks.

Snowflake Inc. (NYSE:SNOW), with significant hedge fund interest, ranks among the 10 best SaaS stocks to buy according to hedge funds. As of Q1 2026, 80 hedge funds held bullish positions in the stock, representing $2.91 billion in aggregate value. Fresh analyst support came for Snowflake Inc. (NYSE:SNOW) following its fiscal Q1 2027 results. On […]

Software stocks finally seem to have found some footing.

Palantir stock rose Monday, eyeing an early buy point, as software names again rallied, boosted by financial results at Snowflake and Dell.

Snowflake just posted a strong quarterly report, but its stock might have limited upside from here.

Snowflake Inc. (NYSE:SNOW) is one of the 10 Stocks With Effortless 38-78% Gains. Snowflake saw its share prices climb by 48.4 percent week-on-week, following the strong results of its earnings performance in the first quarter of fiscal year 2027. In an updated report, the company said that it slashed its net loss during the period […]

The $6 billion commitment sent Snowflake's shares soaring.

The data-cloud company just reaccelerated and raised its outlook, and the rest of the group is starting to follow.

The stock rallied as revenue growth accelerated.

Recently, Snowflake announced a multi‑year collaboration with Amazon Web Services that includes a US$6.00 billion infrastructure commitment and deeper integration of its AI Data Cloud and Cortex AI with AWS chips and regions worldwide. This move links Snowflake’s governed enterprise data directly with foundation models on AWS, aiming to simplify and speed up real‑world AI deployment for large customers. Now, we’ll examine how this expanded AWS collaboration, and its focus on agentic AI...

Snowflake (SNOW) has moved into the spotlight after a strong quarterly report, higher full year product revenue guidance, and a new US$6 billion, five year AI focused collaboration with Amazon Web Services. See our latest analysis for Snowflake. The share price reaction has been sharp, with a 1-day share price return of 6.84% and a 7-day share price return of 48.40% around the earnings beat, guidance raise, and US$6 billion AWS AI agreement. That short term momentum sits against a 1-year...

ServiceNow (NYSE:NOW) is expanding its role in enterprise AI through multi-year partnerships with companies including Experian and Wipro. The company is integrating its platform with providers such as Snowflake and Dell to act as an AI control layer across corporate data and workflows. Recent acquisitions are focused on AI and cybersecurity capabilities, aiming to deepen ServiceNow's position inside large enterprise tech stacks. ServiceNow, best known for workflow automation and IT service...

Sridhar Ramaswamy predicts that companies reliant on seat-based income will scramble to justify their premiums as employees use AI to accomplish an immense amount of work.

In February and March 2026, Snowflake was the stock Wall Street couldn't quite figure out. The stock was down 50% from the early January high to early April 2026, according to TradingView data. Snowflake was caught between a decelerating core business and an AI narrative that kept getting pushed ...