US Stock Market Move | AI application stocks are strong, Applovin (APP.US) surged over 8%.

On Monday, the trend of US artificial intelligence stocks was strong. Applovin (APP.US) rose more than 8%, Palantir (PLTR.US) and Unity Software (U.US) rose over 6%, and SoundHound AI (SOUN.US) and Tempus AI (TEM.US) rose over 3%. In terms of news, Citigroup's report indicates that investors' words and actions have shown a significant disconnect. They are "anxiously worried" about valuations, credit, and labor markets, but are "firmly committed" to the allocation of US large-cap stocks, with sentiment reaching a "frenzied" level. Current US stock valuations have reached historic highs, but strong earnings are a key pillar. Citigroup believes that the current AI market is not in a bubble and is suitable for buying on dips.