AI software stocks surge amid reports of a Workday acquisition
AI application software stocks surged broadly amid reports that Workday is being acquired. Cloudflare and MongoDB rose more than 6%, while Palantir and Salesforce gained more than 4%. AppLovin and ServiceNow climbed more than 3%. The iShares Expanded Tech-Software Sector ETF (IGV) was up more than 2%.
AI application software stocks surged broadly amid reports that Workday is being acquired. Cloudflare and MongoDB rose more than 6%, while Palantir and Salesforce gained more than 4%. AppLovin and ServiceNow climbed more than 3%. The iShares Expanded Tech-Software Sector ETF (IGV) was up more than 2%.