24H｜AI Shares Jump; SoundHound AI, BigBear.ai up 3%; Palantir, C3.ai up 2%
AI shares rose in overnight trading. SoundHound AI Inc, BigBear.ai Holdings up 3%; Palantir Technologies Inc., C3.ai, Inc. up 2%; AppLovin Corporation up 1%.
U.S. President Donald Trump's administration granted exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China, providing a big break to tech firms like Apple that rely on imported products.
China said it was evaluating the impact of the exclusions. In a statement on Sunday, the Ministry of Commerce called the move a "small step by U.S. to correct its wrong practice of unilateral 'reciprocal tariffs'."
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