US SaaS and AI Software Stocks Rally with Figma Surging Over 14% Post-Earnings
On May 15, US SaaS and AI application software stocks experienced a collective rally. Figma surged over 14-15% following its earnings report. Other notable gains included ServiceNow rising around 3-4%, Salesforce increasing over 2%, Adobe nearly 3%, Snowflake close to 3%, and Applovin about 2-5%. This broad sector rebound highlights strong investor interest in software stocks, particularly those with AI applications.