Palantir Setting a new all-time high, U.S. stocks AI application software stocks remain active
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AT A GLANCE
The report said that U.S.AI application software stocks are active, with Palantir setting new highs, while Salesforce received an upgrade from BofA.
Article
Palantir Setting a new all-time high, U.S. stocks AI application software stocks remain active
BlockBeats news,October 12, according to BIT(Bit.com) market data, U.S.AI application software stocks remain active,Palantir(PLTR.US) rose more than 1%hit another record high, ServiceNow(NOW.US)、Shopify(SHOP.US) and Salesforce (CRM.US) rose more than 3%，SAP SE(SAP.US)、Snap(SNAP.US)、Workday(WDAY.US) rose more than 1%.
On the news front, Bank of America Securities upgraded Salesforce from Underperform to Buy, skipping an intermediate rating, and raised its price target from 160 USD substantially to 285 USD. In its report, BofA noted that although the proportion of revenue directly related to artificial intelligence remains small, it is bullish on the long-term outlook for its enterprise AI.
In addition, Goldman Sachs Chief U.S. Equity Strategist Ben Schneider and TMT expert Pete Callahan said that the AI investment narrative is shifting from semiconductor capital expenditures toward application-layer areas such as the “inference economy” and personal agents. Callahan bluntly stated that “programming AI is no longer a market secret,” and the market is urgently searching for the next AI story.
Original link https://m.theblockbeats.info/flash/371426
Key points
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October 12, with BlockBeats citing BIT(Bit.com) market data as saying that U.S.AI application software stocks remain active.
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Palantir（PLTR.US) rose more than 1%, setting a new all-time high.
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ServiceNow（NOW.US）、Shopify（SHOP.US) and Salesforce (CRM.US) rose more than 3%。
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SAP SE（SAP.US）、Snap（SNAP.US) and Workday (WDAY.US) rose more than 1%。
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Bank of America Securities upgraded Salesforce from Underperform to Buy, raising its price target from 160 USD to 285 USD。
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Bank of America Securities said that Salesforce’s revenue directly related to artificial intelligence remains a small proportion, but it is bullish on the long-term outlook for its enterprise AI.
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Goldman Sachs Chief U.S. Equity Strategist Ben Schneider and TMT expert Pete Callahan said that the AI investment narrative is shifting from semiconductor capital expenditures toward application-layer areas such as the “inference economy” and personal agents.
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Pete Callahan said, “programming AI is no longer a market secret,” and the market is searching for the next AI story.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news describes gains in several U.S. stocks categorized in the AI application software area. At the same time, Bank of America Securities raised Salesforce’s rating and price target; individuals associated with Goldman Sachs believe that market attention to AI is shifting from semiconductor capital expenditures toward application-layer areas such as the inference economy and personal agents.
Why it matters to readers
The report links the rise in software stocks, Salesforce’s rating upgrade, and the AI application-layer narrative within the same market hotspot, showing that the market is focusing on enterprise AI and personal agents, among other application-oriented areas.
Beginners can understand it as a AI software-sector market report, but neither one-day gains, analyst ratings, nor market views alone can prove the long-term performance of the companies involved.
Risks and unknowns
The original text did not include BIT the underlying market data, Bank of America Securities report, or original materials for the Goldman Sachs-related views; the specific content depends on BlockBeats’ retelling.
The original text did not specify the pricing methodology or exact price level used for “all-time high”.
The source text does not provide direct causal evidence linking these stocks' gains to AI these narratives.
The share of Salesforce's revenue directly related to artificial intelligence was not given as a specific figure.
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AI Whether investment narratives continue to migrate toward the application layer cannot be confirmed from the source text.
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