
What Happened?
A number of stocks jumped in the afternoon session after reports of easing geopolitical tensions in Greenland boosted investor sentiment.
The relief rally saw major indices, including the S&P 500 and the tech-heavy Nasdaq Composite, rebound as investors moved back into riskier assets. This positive shift was reflected across the technology landscape, with all of the Magnificent Seven tech firms seeing their shares climb. The easing of international friction reduced market uncertainty, which often encourages investment in growth-oriented sectors like technology. The move was part of a broader market upswing, with the Dow Jones Industrial Average adding 500 points, signaling increased investor confidence.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Marketing Software company Sprout Social (NASDAQ:SPT) jumped 2.7%. Is now the time to buy Sprout Social? Access our full analysis report here, it’s free.
- Sales Software company ZoomInfo (NASDAQ:GTM) jumped 3.5%. Is now the time to buy ZoomInfo? Access our full analysis report here, it’s free.
- Hospitality & Restaurant Software company Toast (NYSE:TOST) jumped 2.7%. Is now the time to buy Toast? Access our full analysis report here, it’s free.
- Advertising Software company PubMatic (NASDAQ:PUBM) jumped 2.9%. Is now the time to buy PubMatic? Access our full analysis report here, it’s free.
- Vertical Software company Bentley Systems (NASDAQ:BSY) jumped 2.9%. Is now the time to buy Bentley Systems? Access our full analysis report here, it’s free.
Zooming In On ZoomInfo (GTM)
ZoomInfo’s shares are very volatile and have had 23 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 17 days ago when the stock gained 5.5% on the news that investor attention turned to the annual CES 2026 technology conference in Las Vegas, with artificial intelligence emerging as a central theme.
Attention shifted to tech giants, whose CEOs would headline the event. This focus continued the AI-fuelled momentum that drove market gains the previous year. The rally had global reach, with an MSCI Asia Pacific Index surge being driven by heavyweight chip names like Samsung and Taiwan Semiconductor Manufacturing Company. The event reinforced investor confidence in the long-term demand for the booming AI and chipmaking trend, boosting shares of companies across the semiconductor and technology space.
ZoomInfo is down 5.7% since the beginning of the year, and at $9.07 per share, it is trading 25.7% below its 52-week high of $12.20 from September 2025. Investors who bought $1,000 worth of ZoomInfo’s shares 5 years ago would now be looking at an investment worth $195.92.
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