On Wednesday, shares of AI application software companies saw a collective increase. At the time of writing, Braze, Inc. (BRZE) had surged more than 20%. Cloudflare (NET) and Roblox (RBLX) both rose over 4%, while SoundHound AI (SOUN) and Reddit (RDDT) gained nearly 4%. Shopify (SHOP) increased by more than 2.7%.