US Stock Market Move | Concept stocks related to AI applications collectively surged, with Twilio (TWLO.US) rising more than 15% after its earnings release.

On Friday, AI concept stocks in the US stock market collectively surged, with Twilio (TWLO.US) and Reddit (RDDT.US) both rising by over 15% after their earnings reports. Cloudflare (NET.US) also saw a rise of over 11%, while Palantir (PLTR.US) rose by nearly 4% to a new high, and Applovin (APP.US) rose by over 3%. In terms of news, Twilio released its third quarter financial report, with revenues reaching $1.3 billion, a year-on-year increase of 15%, and non-GAAP operating income of $235 million, a year-on-year increase of 29%, both exceeding analysts' expectations. Twilio also raised its full-year revenue growth forecast to 12.5% and increased its free cash flow guidance to $920-930 million. In addition, Reddit released its third quarter financial report, with revenue increasing by 68% year-on-year to $585 million, surpassing analysts' expectations. Reddit also raised its fourth quarter revenue guidance to $655-665 million, higher than analysts' expectations.