The past week saw massive moves in both directions for software stocks, as investors try to figure out which names are best insulated from artificial intelligence.
Airtable, a one-time highflyer among cloud software startups, agreed to be acquired for about one-tenth of its peak valuation.
While HubSpot and Datadog tumbled after their earnings reports, Atlassian and Twilio saw historic pops, reviving confidence in parts of the sector.
As a result, Wall Street was reminded that there's still juice left in an industry that, not long ago, was viewed as driving innovation.
Atlassian, which sells collaboration tools, and Twilio, a provider of cloud-based communications software, each saw pops of well over 20% on Friday after reporting quarterly results.
Atlassian CEO Mike Cannon-Brookes credited his company's research and development teams for working hard to give customers the best quality, price, and speed.
Atlassian's 35% surge on Friday marked one of the best days in the company's history.
