AI Software Shares Gain. AppLovin up 13%; Palantir up 5%; The Trade Desk up 3%; SoundHound AI up 2%

Tiger Newspress

May 08, 2025

AI software shares gained in premarket trading. AppLovin up 13%; Palantir up 5%; The Trade Desk up 3%; SoundHound AI up 2%.

AppLovin Corp. agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business.

The Palo Alto, California-based marketing company is receiving $400 million in cash and a 20% stake in Tripledot, according to a filing on Wednesday.

Chief Executive Officer Adam Foroughi told investors in February that the company had “never been a game developer at heart” and disclosed that it was in exclusive talks to sell the mobile games unit to a then-unnamed private company.

Tripledot Studios, founded in 2017, makes popular mobile games including Woodoku and Solitaire. In 2022 it raised $116 million at a $1.4 billion valuation, according to TechCrunch.

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AppLovin up 13%; Palantir up 5%; The Trade Desk up 3%; SoundHound AI up 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-05-08 21:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>AI software shares gained in premarket trading. AppLovin up 13%; Palantir up 5%; The Trade Desk up 3%; SoundHound AI up 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/49d8e92c4afc5f22689f8c980ef996bb\" title=\"\" tg-width=\"478\" tg-height=\"312\"/></p><p>AppLovin Corp. agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business.</p><p style=\"text-align: start;\">The Palo Alto, California-based marketing company is receiving $400 million in cash and a 20% stake in Tripledot, according to a filing on Wednesday.</p><p style=\"text-align: start;\">Chief Executive Officer Adam Foroughi told investors in February that the company had “never been a game developer at heart” and disclosed that it was in exclusive talks to sell the mobile games unit to a then-unnamed private company.</p><p style=\"text-align: start;\">Tripledot Studios, founded in 2017, makes popular mobile games including Woodoku and Solitaire. 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