US Stock Market Move | AI application software stocks are weak across the board, with ServiceNow (NOW.US) falling over 7%.

On Tuesday, AI application software stocks were all weak, as of the deadline, Shopify (SHOP.US), Cloudflare (NET.US), and ServiceNow (NOW.US) all fell more than 7%, SAP SE (SAP.US), Salesforce, Inc. (CRM.US) fell more than 5%, and Applovin (APP.US) fell more than 3%. In terms of news, tech giant Alphabet Inc. Class C launched the "Project Genie", a product that supports users to create and interact with virtual worlds, causing a drop in AI application software stocks. Alphabet Inc. Class C stated in a blog post: "Even in the current early version stage, tested users have been able to create a rich and attractive virtual world and experience, and explore new ways of using this product." The company also revealed that the prototype version of the "Project Genie" has been launched for AI Ultra paid subscription users in the United States region.