monday.com and MongoDB power enterprise AI software surge as inflation cools

Enterprise AI software stocks surged Wednesday, led by monday.com's 9.7% gain and a broad rally across SaaS and data names, as softer-than-expected producer prices drove the S&P 500 to a record close of 7,798.99. The Nasdaq Composite gained 0.81% to 26,803.03, the SOXX semiconductor ETF added 0.76% to 550.74, and growth stocks broadly benefited as the case for rate relief strengthened on the cool PPI print, per Bloomberg.

Top AI stocks today: August 13, 2026

monday.com surges 9.7% as Q2 earnings resonance builds

monday.com Ltd. (NASDAQ: MNDY) posted its sharpest single-day gain in months, closing at $94.29 after the work-management software company reported second-quarter 2026 results on August 10. Analysts had expected revenue of approximately $362 million, representing roughly 18.8% year-over-year growth; the prior quarter delivered $351.3 million, beating consensus with 24.5% growth. The stock spent the sessions after the print absorbing the result, and the combination of a confirmed beat and Wednesday's macro relief trade pushed shares up 9.7%. monday.com's mondayAI suite, which brings agentic workflow automation to its Work OS platform, is the multi-quarter thesis investors are pricing. At $94.29 the stock is still down 34% year to date, which means buyers today are getting in well below where they started the year, even as the underlying revenue trajectory has been accelerating. For more daily recaps, see the AI Stocks Daily archive.

MongoDB gains 7.9% as AI data infrastructure demand sustains momentum

MongoDB Inc. (NASDAQ: MDB) extended its post-earnings run, closing at $472.29 for a 7.87% gain on Wednesday. The company's first-quarter fiscal 2027 results, reported earlier this month, showed revenue of $688 million growing 25% year over year and beating management's own guidance, according to TIKR. The next print is August 27. Today's move looks like a combination of sector rotation into AI data names, the rate-relief tailwind from soft PPI data, and accumulation ahead of what investors hope will be a second consecutive beat. MongoDB is up 43.7% over the past month and 18.2% year to date, and it remains among the AI stocks to watch in the data-infrastructure tier: its document-database architecture sits at the centre of most AI application stacks, and management has been guiding to an accelerating Atlas cloud business as inference workloads scale.

Cloudflare extends its post-earnings climb with a 6.2% advance

Cloudflare Inc. (NYSE: NET) added 6.22% on Wednesday, closing at $330.83, as investors continued to reward the company for its blowout second-quarter results delivered August 6. Revenue grew 36% year over year to $696.1 million, and non-GAAP earnings per share of $0.29 beat the $0.21 consensus by 38%, per StockStory. Management lifted full-year revenue guidance to a $2.87 billion midpoint, 2.1% above prior estimates. CEO Matthew Prince highlighted record growth in total paying customers, large customers, and developers. Cloudflare absorbed a $150.7 million restructuring charge tied to what Prince described as a shift to an "agentic AI-first" operating model, reorganising its sales force around AI-agent use cases. The macro tailwind from the PPI print layered on top. Cloudflare is now up 21.4% for the month and 68.8% year to date.

Datadog rises 4.7% on AI observability demand

Datadog Inc. (NASDAQ: DDOG) gained 4.70% to close at $252.24, contributing to a 7.8% weekly advance. The AI observability thesis is straightforward: as enterprises deploy more AI agents and inference pipelines, the need to monitor those systems in real time grows proportionately, and Datadog is the dominant tool for that job. AI infrastructure stocks like DDOG are most directly levered to the scale-out of AI workloads at the hyperscaler tier. At $252.24 the stock is up 88.6% year to date, one of the strongest performers in the sector. The next earnings catalyst is not yet scheduled; consensus is watching for any mid-quarter data points on enterprise AI spending to calibrate the next leg.

Notable but quieter

Palantir Technologies Inc. (NYSE: PLTR) added 4.66% to $179.01 on average volume, extending a month that has seen the stock gain 33.2%; the government-and-commercial AI contract pipeline remains the central narrative, and PLTR consistently surfaces on top AI stocks 2026 screens. Salesforce Inc. (NYSE: CRM) climbed 4.16% to $201.37 on above-average volume as Agentforce monetisation commentary from CEO Marc Benioff has kept institutional interest elevated; CRM is down 20.6% year to date, making the valuation case harder to ignore. Micron Technology Inc. (NASDAQ: MU) gained 4.23% to $949.83, with the HBM-3E memory demand narrative intact as AI training clusters keep scaling; MU is up 201% year to date, one of the biggest multi-year winners in the AI chip stocks category. Super Micro Computer Inc. (NASDAQ: SMCI) advanced 4.12% to $39.16 on heavy volume of approximately 120 million shares, part of a five-session run that has added 25.8% as server-rack demand tied to the NVIDIA Corp. (NASDAQ: NVDA) AI infrastructure buildout persists. Tesla Inc. (NASDAQ: TSLA) rose 3.80% to $339.96 on below-average volume; the robotaxi and full-self-driving narrative is the AI angle here. Applied Materials Inc. (NASDAQ: AMAT) slipped 2.48% to $534.54 ahead of its earnings next week, which some holders are treating as a de-risking moment. Alibaba Group Holding Ltd. (NYSE: BABA) fell 2.44% to $122.16 as US-China AI export restrictions continue to weigh on Chinese technology names.

What to watch next week

The earnings calendar brings four major AI-adjacent reports: Applied Materials (AMAT) is expected to detail third-quarter results, with Wall Street focused on HBM and leading-edge logic tool demand; Salesforce (CRM) will provide an Agentforce adoption and pipeline update; CrowdStrike Holdings Inc. (NASDAQ: CRWD) will show whether the post-incident revenue recovery remains on track; and Palo Alto Networks Inc. (NASDAQ: PANW) will give a platformisation progress report. MongoDB (MDB) reports August 27. On the macro side, any Federal Reserve commentary following today's soft PPI print could extend the growth-stock bid if officials signal an accelerated rate path.

What are the top AI stocks to buy in August 2026?

Across hardware, hyperscale cloud, and enterprise SaaS, the consensus top AI stocks in August 2026 include monday.com (MNDY), MongoDB (MDB), and Cloudflare (NET) on the software infrastructure side; NVIDIA (NVDA) for AI chip hardware; and Palantir (PLTR) for enterprise AI software. StartupHub.ai data shows 319 agentic AI startups raised new funding rounds in 2026 to date, reflecting the same enterprise automation demand that drove Cloudflare's 36% revenue growth and monday.com's accelerating AI suite adoption. Wall Street's 2026 focus has shifted from training-cluster buildout to inference and AI-agent monetisation, reshuffling which names lead each session and making the best AI stocks to buy in August 2026 the ones most directly levered to that transition. The Magnificent 7 AI stocks were broadly positive today, with Meta Platforms Inc. (NASDAQ: META) gaining 2.78% and Microsoft Corp. (NASDAQ: MSFT) adding 0.90%.

Core watchlist

Chips

NVIDIA (NVDA): +0.54% on elevated volume (93.6M shares). Steady drift; the Blackwell ramp and HBM supply chain remain the carrier wave for the entire AI chip stocks trade.
Advanced Micro Devices Inc. (NASDAQ: AMD): +0.02% on light volume. Flat session; the MI300X data-centre cycle is the thesis, next catalyst is the Q3 earnings print.
Broadcom Inc. (NASDAQ: AVGO): +0.43% on average volume. Quiet session; custom ASIC and networking-chip demand from hyperscalers sustains the long-term story.
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM): +0.31% on average volume. Holding above $430 after the July guidance beat; the Q3 update remains the near-term anchor.

Hyperscalers

Microsoft (MSFT): +0.90% on average volume. Copilot enterprise attach rate is the data point every Magnificent 7 AI stocks watcher will track in the Q3 print.
Alphabet (GOOGL): +0.82% on average volume. Gemini integration across Search and Workspace is the multi-quarter narrative; quiet session, waiting for the Q3 print.
Meta Platforms (META): +2.78% on light volume. The Llama open-source model advantage and AI-ad targeting efficiency are the twin thesis; META is down 8.5% year to date, keeping the valuation debate active.
Amazon.com (AMZN): -0.80% on average volume. AWS AI infrastructure buildout is the core thesis; today's modest dip is a counter-rotation from the software-name bid.

Enterprise SaaS

Oracle Corp. (NYSE: ORCL): +1.92% on heavy volume. Cloud database and AI infrastructure demand driving the recovery; up 25.8% for the month and still down 20.2% year to date, a gap that keeps the valuation argument live.
Salesforce (CRM): +4.16% on above-average volume. Agentforce monetisation the entire thesis; Benioff comments at any conference move the tape.
ServiceNow Inc. (NYSE: NOW): +1.85% on heavy volume. Workflow-AI agent rollout still the carrier wave; the Q3 earnings print will be the next major catalyst.

Vol / retail / data

Palantir (PLTR): +4.66% on average volume. Government and commercial AI contract pipeline is the central story; the 33% monthly gain keeps the stock on every top 2026 AI stocks screen.
Tesla (TSLA): +3.80% on below-average volume. Robotaxi and FSD remain the AI angle; no specific catalyst today beyond the macro bid.
Snowflake Inc. (NYSE: SNOW): +1.54% on average volume. Data-cloud AI workload expansion is the thesis; up 55.7% year to date with the next print several weeks out.

Not investment advice.