New York, February 2, 2026, 1:25 PM EST — Regular session
- DigitalOcean shares jumped roughly 8% in afternoon trading following a volatile session.
- U.S. tech shares bounced back, boosted by stronger factory data that lifted risk appetite.
- Traders are focused on DigitalOcean’s upcoming quarterly report set for later this month.
DigitalOcean Holdings surged on Monday, climbing 8.2% to $59.78 in afternoon action. Shares traded between $53.48 and $59.82 during the session, with roughly 1.7 million changing hands.
U.S. stocks climbed, driven by gains in tech, bouncing back from an early dip linked to a selloff in precious metals. Art Hogan of B. Riley Wealth noted, “We’re heading into a new week with plenty of catalysts in front of us and we’re seeing some stabilization in markets.” (Reuters)
New U.S. economic figures helped steady sentiment. The ISM manufacturing PMI climbed to 52.6 in January, up from 47.9 in December, pushing back over the 50 mark that indicates expansion. (PR Newswire)
Some cloud-related names followed suit. Cloudflare jumped roughly 4%, Fastly gained close to 2%, and the First Trust Cloud Computing ETF rose about 1%. Akamai, however, slipped slightly.
DigitalOcean offers cloud computing services—including virtual machines, storage, and platform tools—targeted at developers and small businesses, emphasizing simplicity over bigger cloud competitors. (Reuters)
Monday’s swing shows how quickly smaller, growth-sensitive software stocks can turn, even when no company-specific news is driving the action.
Investors will be closely monitoring if demand from startups and mid-sized companies remains steady, even as corporate spending wavers and price pressure in cloud infrastructure stays intense.
The risk is clear: a weaker growth update or more cautious outlook could quickly erase these gains in a stock known for sharp intraday swings.
DigitalOcean’s quarterly report, scheduled for Feb 19, is the next major catalyst. (Tradingview)
