Palantir hits a record high, U.S. AI application software stocks remain active.

BlockBeats news, October 12th, according to BIT (Bit.com) market data, US AI application software stocks continued to be active, with Palantir (PLTR.US) rising over 1% to a new high, ServiceNow (NOW.US), Shopify (SHOP.US), and Salesforce (CRM.US) up over 3%, while SAP SE (SAP.US), Snap (SNAP.US), and Workday (WDAY.US) gained over 1%.

On the news front, Bank of America Securities upgraded Salesforce's rating from underperform to buy, significantly raising its target price from $160 to $285. In its report, BofA noted that although revenue directly related to artificial intelligence still accounts for a relatively small proportion, it is bullish on the long-term prospects of enterprise-level AI.

Additionally, Goldman Sachs' chief US equity strategist Ben Schneider and TMT expert Pete Callahan pointed out that the AI investment narrative is shifting from semiconductor capital expenditure to the application layer, such as the "inference economy" and personal agents. Callahan stated bluntly that "coding AI is no longer a market secret," and the market is urgently seeking the next AI story.