Investors drive AI stocks higher amid SpaceX and OpenAI IPO rumors, with Salesforce and Snowflake earnings due this week.
Artificial intelligence stocks have rebounded sharply in 2026, fueled by speculation over potential initial public offerings from SpaceX and OpenAI. The sector’s momentum contrasts with a sluggish start to the year, as traders weigh earnings and management commentary for clues on future growth.
Salesforce (CRM) and Snowflake (SNOW) are set to report financial results on May 27, with their outlooks likely to influence broader software stock movements. The software ETF IGV has recovered from earlier losses, though Palantir (PLTR) remains down 23% year-to-date, lagging peers amid sector volatility.
Market focus remains on AI-driven demand and valuation concerns, with earnings reports expected to provide further direction for the sector.