Forgent Power Solutions is trading at $37.97 (+4.63%) as buyers continue to lean into the company's reported $2 billion AI data center backlog.
- The stock's upward move is being reinforced by a broader software-sector rally, with the sector gaining on strong AI-linked sentiment.
- Bullish commentary regarding the company-specific backlog is the primary catalyst, supported by a generally positive tone in U.S. equities.
- Software stocks are currently outperforming the wider market as investors prioritize AI infrastructure and related growth plays.