According to data provided by S&P Global Market Intelligence, Microsoft (NASDAQ: MSFT) is up 43.9% year to date as of the close of trading on Friday, Atlassian (NASDAQ: TEAM) has jumped 39%, and Cloudflare (NYSE: NET) is up 47.2%. U.S. GDP rose 2% in the first quarter, and it doesn't seem that a recession is imminent, given low unemployment and improving inflation. First-quarter results indicated that there was a lot of interest in AI, but how that manifests on the demand side isn't yet clear.