US Stock Market Move | AI application software stocks rose against the market trend, with Palantir (PLTR.US) gaining nearly 6%.

date
22:03 01/07/2026
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GMT Eight
On Wednesday, US stocks of AI application software companies rose against the trend, with Applovin (APP.US) up over 6% and Palantir (PLTR.US) up nearly 6%.
On Wednesday, the AI application software stocks in the US stock market rose against the trend, with Applovin (APP.US) up over 6%, Palantir (PLTR.US) up nearly 6%, Salesforce, Inc. (CRM.US) up nearly 5%, ServiceNow (NOW.US) up nearly 4%, and Snowflake (SNOW.US) up nearly 3%. Previously, the market had been worried that AI intelligence would completely replace traditional software services, leading to intense selling in the software sector. However, the market is now beginning to realize that AI applications will also generate huge demand for cybersecurity and other new needs, easing the extreme fear in the market that AI giants will rapidly devour the traditional software market, and changing the previous narrative that AI will only destroy, not create.