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Why Amplitude Stock Jumped 35% in May

Shares of Amplitude (AMPL 0.86%) moved higher last month after the product analytics cloud software company delivered a better-than-expected first-quarter earnings report, teased its upcoming artificial intelligence (AI) agent launch for June 10, and benefited from the broader recovery in the stock market as worries about a recession faded.According to data from S&P Global Market Intelligence, Amplitude's stock price increased 35% in May. As you can see from the chart below, the stock surged following the e ...