US Stock Market Move | AI software stocks rise, Palantir (PLTR.US) up over 4%

On Monday, US AI software stocks rose, with Palantir (PLTR.US) up more than 4%. The company announced an agreement with NVIDIA Corporation to run NVIDIA Corporation's AI and Nemotron open source AI models in a sovereign environment. Roblox (RBLX.US) rose nearly 12%, Applovin (APP.US) rose nearly 5%, ServiceNow (NOW.US) rose nearly 4%, and Shopify (SHOP.US) rose nearly 3%. The agreement between Palantir and NVIDIA Corporation combines NVIDIA Corporation's Nemotron open source model with Palantir's key infrastructure products (such as AIP, Ontology, Foundry, and Apollo). In a joint statement, the two companies stated that this collaboration allows customers to complete tasks such as "clear data authorization, enforcement of security boundaries, structurally reinforced customer-specific isolation, data portability, erasure rights, and comprehensive auditability."