US Stock Market Move | AI application software stocks surged, Datadog (DDOG.US) soared over 30%.

On Thursday, AI application software stocks surged, with Datadog (DDOG.US) soaring over 30%, Fortinet, Inc. (FTNT.US) rising over 22%, MongoDB (MDB.US) up over 10%, Snowflake (SNOW.US) up over 9%, and Palo Alto Networks (PANW.US) up over 6%. In terms of news, on May 7th, Datadog released its financial report for the first quarter of 2026, with revenue of $1.006 billion, a year-on-year increase of 32%, exceeding the market's expected $0.96 billion; adjusted earnings per share were $0.60, exceeding the market's expected $0.51. Datadog raised its financial performance guidance for the year 2026 and provided a second quarter revenue guidance midpoint of $1.075 billion, surpassing market expectations.