On Tuesday, shares of AI application software companies moved higher against the broader market decline.

At the time of writing, Figma (FIG.US) was up more than 6%, while ServiceNow (NOW.US) and Shopify (SHOP.US) each gained over 2%.

Cloudflare, Inc. (NET.US) advanced more than 4.8%, and Salesforce.com (CRM.US) rose more than 3%.

This rally occurred as the three major U.S. stock indices were in negative territory, with the Nasdaq Composite down over 1.5%, the S&P 500 falling 0.68%, and the Dow Jones Industrial Average declining 0.22%.