Why Amplitude Stock Jumped 35% in May

Shares of Amplitude (NASDAQ: AMPL) moved higher last month after the product analytics cloud software company delivered a better-than-expected first-quarter earnings report, teased its upcoming artificial intelligence (AI) agent launch for June 10, and benefited from the broader recovery in the stock market as worries about a recession faded.According to data from S&P Global Market Intelligence, Amplitude's stock price increased 35% in May. As you can see from the chart below, the stock surged following the earnings report and continued to rise in response to macroeconomic tailwinds.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool