AI Software Shares Jump. Shopify up 6%; AppLovin up 4%; Tempus AI up More Than 3%
AI application software shares jumped on Wedneday. Shopify up 6.4%; AppLovin, Atlassian up about 4%; Tempus AI up more than 3%.
Shopify announced its decision to transfer its U.S. stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market.
This strategic move is expected to take effect with the last trading day on the NYSE being March 28, 2025, and the first trading day on Nasdaq being March 31, 2025. The transfer aims to align Shopify with Nasdaq’s technology-focused market, potentially enhancing its visibility and appeal among tech-focused investors. The company’s listing on the Toronto Stock Exchange will remain unchanged, and the stock will continue to trade under the ticker symbol ‘SHOP’.
Wood’s ARK made its largest investment of Tuesday in Tempus AI, acquiring 171,176 shares for approximately $8.54 million. This highlights ARK’s increasing focus on Tempus AI, a healthcare technology firm using AI to tailor patient treatments.
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