US Stock Market Move | AI application software stocks rise, Applovin (APP.US) up more than 6%

On Thursday, AI application software stocks in the US rose. As of the time of writing, Palantir (PLTR.US) rose by more than 5%, Reddit (RDDT.US) rose by more than 4%, and Applovin (APP.US) rose by more than 6%. In terms of news, Benchmark raised Applovin's target price to $775 in their latest report, indicating market optimism about the company's prospects. Jefferies analyst also raised AppLovin's target price from $800 to $860 on December 11th, while maintaining a "buy" rating.