After a period of underperformance, software stocks such as Datadog, AppLovin and monday.com are on the rise again.
The latest trading day saw Datadog (DDOG) settling at $129.69, representing a +0.97% change from its previous close.
Amid an apparent market rotation out of the semiconductor sector, software stocks rallied on Thursday. Palantir stock has advanced nearly 46% in 2024 while Salesforce stock has dipped 3%.