AI application software shares gained on Monday. AppLovin, SoundHound AI shares rose more than 8%; Palantir, Trade Desk rose 5%; Braze rose more than 3%; Rubrik, Asana rose around 2%.
Palantir has tapped Accenture’s federal services arm as its preferred implementation partner for U.S. federal government customers.
“The companies will deploy commercial-grade, AI-powered solutions to address federal agencies’ highest priority operational challenges, from optimizing and orchestrating mission-critical workflows to enhancing decision-making and increasing operational resilience,” the companies said in a statement.
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