AI Design Tools Surge... Nasdaq Software Stocks Increase Market Cap by 1.5 Trillion Won in a Day

PTC Inc. (NASDAQ: PTC) surged 7.09% on the Nasdaq on July 1, closing at $121.66. That pushed its market capitalization to about $14 billion, an increase of more than $1 billion in a single day.

On June 10, PTC introduced its CAD solution Creo 13 and the SaaS version Creo+ 13.3, embedding AI-powered guidance into the design process. That same day, the company unveiled a product innovation package that combines its AI platforms—PTC Orbit and PTC Jetstream—with 12 AI agents and over 100 features.

Headquartered in Boston, PTC is an industrial software provider that leverages its 3D CAD platform Creo and PLM solution Windchill to support product design and digital transformation for more than 30,000 customers in the manufacturing, electronics, aerospace and automotive industries. In the first quarter of fiscal 2026, PTC reported revenue of approximately $770 million, marking low-20% year-over-year growth. The company cites subscription-based sales and enhanced AI capabilities as its core growth drivers.