US Stock Market Move | CrowdStrike (CRWD.US) rose over 17%, marking its biggest increase since July 14.

On Thursday, CrowdStrike (CRWD.US) saw its stock price soar, rising over 17% as of the time of publication, marking its largest increase since July 14. In the second quarter, CrowdStrike achieved revenue of $147 million, with an adjusted earnings per share of $0.31, both exceeding Wall Street analysts' consensus expectations. Additionally, the annual recurring revenue, a key metric for software companies, reached $584 million, also surpassing market expectations, highlighting the strong revenue-generating capability of its subscription business. AI application software stocks collectively rose, with Figma Inc (FIG.US) up over 10%, ServiceNow (NOW.US) and Datadog (DDOG.US) nearly 10%, Cloudflare (NET.US) up over 5%, and Adobe (ADBE.US) and Snowflake (SNOW.US) up nearly 5%, while Palantir (PLTR.US) increased by over 3%.