US Construction Software Stocks Surge 5% Amid AI Tailwind

Procore Technologies (PCOR), a U.S. construction management software provider, saw its shares surge 5.24% on the New York Stock Exchange yesterday, closing at $44.35 with a trading volume of approximately 2.29 million shares.

Its market capitalization rose by about $370 million to roughly $6.7 billion (around ₩9 trillion) in a single day.

The jump came after Procore was highlighted as a key beneficiary of Amazon Web Services’ $1 billion AI Field Deployment Program, renewing its reputation as a leading on-site AI implementation platform in the construction sector.

Recently, Procore has rolled out AI-powered features—such as portfolio and capital planning management and a Common Data Environment (CDE)—to reinforce its position as a digital-transformation platform for the industry.

Headquartered in California, Procore Technologies offers a cloud-based, end-to-end SaaS platform that spans design, construction, workforce, cost and financial management.

The company projects 2025 revenue of about $1.3 billion, has generated roughly $1.4 billion over the past four quarters—sustaining around 15% annual growth—and is targeting approximately $1.5 billion in sales for 2026 while continuing to invest in AI.