Atlassian Stock Jumps 166% as AI‑Powered Rovo Boosts SaaS Outlook
Atlassian’s shares have rocketed 166% from their 52‑week low, defying a broader SaaS downturn thanks to its new AI platform Rovo, which is delivering faster, more accurate workflow automation for enterprise customers. The surge prompted CEO Mike Cannon‑Brookes to announce a $250 million open‑market buyback, signalling confidence in the company’s AI‑driven growth.