AI Momentum Soars 14%... Workday's Market Cap Surges Over $6 Billion in a Day

Workday Inc. (WDAY) surged 13.84% on May 29 on the Nasdaq, closing at $147.68. Trading volume jumped to roughly 9.2 million shares—well above its average—while market capitalization climbed to about $29.6 billion (approximately KRW 40 trillion), an increase of roughly $4.7 billion (KRW 6.3 trillion) in a single day.

The rally followed Workday’s announcement of fiscal 2027 first-quarter results, which beat expectations with revenue of $2.542 billion, a 13% year-over-year increase, and highlighted broader adoption of its AI-powered agents. Combined with its AI agent partnership with Google and a sector-wide rally in software stocks, investor sentiment improved markedly. ()

Founded in 2005 in California, Workday is a cloud-based software company offering a unified SaaS platform for human capital management, financial management and ERP to large enterprises and public-sector organizations. Established by Aneel Bhusri and Dave Duffield, it is an S&P 500 constituent and a leading player in the global HR and financial cloud market. ()