AI software stocks opened strongly, led by Snowflake’s more than 35% gain, with Asana, ServiceNow, Atlassian, MongoDB, Datadog and other technology names also moving higher on May 29.
AI software-related stocks showed broad strength at the U.S. market open on May 29. Snowflake led the rally with a gain of more than 35%, while Asana rose more than 15%, ServiceNow nearly 10%, MongoDB more than 9%, Atlassian more than 7% and Datadog more than 5%. Salesforce, Palantir and Workday also traded higher, indicating buying interest across enterprise software and AI-linked names. Outside the core software group, Futu Holdings and XPeng each gained more than 3%, showing the positive momentum extended into adjacent technology and growth stocks.