U.S. Software Top Stock Picks from Analysts

Datadog

Market Cap: US$48.5b

Operates an observability and security platform for cloud applications in the United States and internationally.

Strategy

Market Cap: US$47.9b

Operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally.

CoreWeave

Market Cap: US$38.1b

Operates a cloud platform that provides scaling, support, and acceleration for GenAI.

Nebius Group

Market Cap: US$22.1b

A technology company, engages in building full-stack infrastructure to service the global AI industry in the Netherlands, Europe, North America, and Israel.

Circle Internet Group

Market Cap: US$19.1b

Operates as a platform, network, and market infrastructure for stablecoin and blockchain applications.

Figma

Market Cap: US$19.1b

Develops a browser-based tool for designing user interfaces that helps design and development teams build various products.

IREN

Market Cap: US$13.2b

Operates in the vertically integrated data center business in Australia and Canada.

Bitmine Immersion Technologies

Market Cap: US$12.1b

Operates as a blockchain technology company primarily in the United States.

D-Wave Quantum

Market Cap: US$8.9b

Develops and delivers quantum computing systems, software, and services worldwide.

Aurora Innovation

Market Cap: US$7.7b

Operates as a self-driving technology company in the United States.

monday.com

Market Cap: US$7.5b

Develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally.

Applied Digital

Market Cap: US$6.9b

Designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America.

Pony AI

Market Cap: US$6.5b

Through its subsidiaries, engages in the autonomous mobility business in the People’s Republic of China, the United States, and internationally.

Cipher Mining

Market Cap: US$6.0b

Develops and operates industrial-scale data centers in the United States.

Wix.com

Market Cap: US$5.8b

Operates a cloud-based web development platform for registered users and creators worldwide.

Riot Platforms

Market Cap: US$5.0b

Operates as a Bitcoin mining company in the United States.

TeraWulf

Market Cap: US$4.9b

Operates as a digital asset technology company in the United States.

Core Scientific

Market Cap: US$4.7b

Provides digital asset mining services in the United States.

SoundHound AI

Market Cap: US$4.5b

Develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers in the United States, Korea, France, Japan, Germany, and internationally.

Varonis Systems

Market Cap: US$4.0b

Provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of world.

MARA Holdings

Market Cap: US$3.6b

Operates as a digital asset technology company in the United States and Europe.

Kingsoft Cloud Holdings

Market Cap: US$3.2b

Provides cloud services to businesses and organizations primarily in China.

Tenable Holdings

Market Cap: US$2.9b

Provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

CleanSpark

Market Cap: US$2.8b

Operates as a bitcoin mining company in the Americas.

Bitdeer Technologies Group

Market Cap: US$2.5b

Operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, and Norway.

Via Transportation

Market Cap: US$2.5b

Provides a digital public transportation system platform in the United States, Germany, and internationally.

VNET Group

Market Cap: US$2.3b

An investment holding company, provides hosting and related services in China.

Progress Software

Market Cap: US$1.9b

Develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally.

Pagaya Technologies

Market Cap: US$1.8b

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services and other service providers, their customers, and asset investors in the United States, Israel, and the Cayman Islands.

American Bitcoin

Market Cap: US$1.8b

A Bitcoin accumulation platform company, focuses on building Bitcoin infrastructure platform.

Five9

Market Cap: US$1.6b

Provides intelligent cloud software for contact centers in the United States and internationally.

PAR Technology

Market Cap: US$1.5b

Provides omnichannel cloud-based hardware and software solutions to the worldwide.

NCR Voyix

Market Cap: US$1.5b

Provides digital commerce solutions for retail stores and restaurants in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Tuya

Market Cap: US$1.3b

Provides AI cloud platform services in the People’s Republic of China.

Opera

Market Cap: US$1.3b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Porch Group

Market Cap: US$941.0m

Operates a vertical software and insurance platform in the United States.