Akamai Technologies, Appian, and The Trade Desk Shares Skyrocket, What You Need To Know

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:

• Content Delivery company Akamai Technologies (NASDAQ:AKAM) jumped 3.4%. Is now the time to buy Akamai Technologies? Access our full analysis report here, it’s free.
• Automation Software company Appian (NASDAQ:APPN) jumped 2.9%. Is now the time to buy Appian? Access our full analysis report here, it’s free.
• Advertising Software company The Trade Desk (NASDAQ:TTD) jumped 3.6%. Is now the time to buy The Trade Desk? Access our full analysis report here, it’s free.

Zooming In On The Trade Desk (TTD)

The Trade Desk’s shares are very volatile and have had 27 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 about 23 hours ago when the stock gained 3.4% on the news that President Trump cooled fears of a transatlantic trade war by calling off scheduled tariffs on European allies. 

The rally followed a productive meeting in Davos with NATO Secretary General Mark Rutte, where a "framework of a future deal" regarding Greenland and the Arctic region was established. By explicitly ruling out the use of military force and suspending the 10% tariffs previously set for February 1st, the administration provided the "sigh of relief" the market desperately needed after Tuesday's sharp sell-off. Technology and semiconductor leaders like Nvidia and AMD spearheaded the recovery as investors quickly pivoted back into growth stocks. The "Sell America" trade from the prior session reversed sharply, with the Nasdaq Composite jumping 1.5% and the S&P 500 erasing its 2026 losses. This rebound was further supported by a stabilization in the bond market; as tariff-related inflation fears subsided, the 10-year Treasury yield retreated from its recent highs, creating a more favorable backdrop for equity valuations across the board.

The Trade Desk is down 3.1% since the beginning of the year, and at $36.53 per share, it is trading 70.2% below its 52-week high of $122.59 from January 2025. Investors who bought $1,000 worth of The Trade Desk’s shares 5 years ago would now be looking at an investment worth $449.32.

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