US Stock Market Move | AI application software stocks collectively fell, Microsoft Corporation (MSFT.US) dropped more than 3%.

On Thursday, AI application software stocks collectively fell, with ServiceNow (NOW.US) dropping more than 17% after earnings, Atlassian (TEAM.US) falling over 10%, Salesforce, Inc. (CRM.US), Adobe (ADBE.US), Figma (FIG.US) all dropping over 8%, Workday (WDAY.US) falling over 7%, Snowflake (SNOW.US) dropping over 6%, Applovin (APP.US) dropping over 5%, Palantir (PLTR.US) dropping over 4%, and Microsoft Corporation (MSFT.US) falling over 3%. In terms of news, ServiceNow reported better-than-expected first-quarter earnings. However, the company pointed out that conflicts in the Middle East dragged down subscription revenue growth, coupled with ongoing market doubts about the prospects for enterprise software in the AI era, leading to a cooling of investor sentiment and dragging down the overall AI application software sector.