U.S. stock market midday update: Reddit up 16.67%

U.S. Stock Market Midday Update Reddit rose 16.67%, reaching a new 60-day high. Based on recent important news: On August 1, Reddit announced its second-quarter financial report, with a net profit of $89 million, turning a profit, and the stock price surged over 20% in after-hours trading. On August 1, Reddit forecasted third-quarter revenue exceeding expectations, causing the pre-market stock price to soar 14.7%. On August 1, Piper Sandler raised Reddit's target price to $210, stating its execution is "extraordinary." Stocks with High Trading Volume in the Industry Meta fell 1.93%, with increased trading volume. Based on recent important news: On July 31, Meta's second-quarter revenue grew 22%, exceeding market expectations, driving the stock price up 11.64% in after-hours trading. On July 31, multiple institutions raised Meta's target price, reflecting optimistic expectations for its AI-driven growth. On July 31, Meta's CEO stated that AI enhances user engagement, driving advertising revenue growth. Google-A fell 1.34%, with a trading volume of $750 million. Based on recent key news: On July 31, Google lost an antitrust lawsuit against Epic Games, requiring changes to its app store policies, causing the stock price to drop over 2%. On July 31, Google announced a $6 billion investment in India to build data centers, demonstrating its expansion determination. On July 30, Google signed the EU AI guidelines, showing its proactive layout in the AI field. Google-C fell 1.36%, with increased trading volume. 1. On August 1, Google lost an antitrust lawsuit against Epic Games, requiring changes to its app store policies, with the stock price dropping over 2% during trading. On July 31, Google will invest $6 billion to build data centers in India, with a lukewarm market response. On July 30, Google signed the EU AI guidelines, while Meta refused to sign, leading to market doubts about Google's AI prospects. Stocks with High Market Capitalization in the Industry Baidu fell 1.33%, with a market capitalization of $29.8 billion. Based on recent important news: On July 31, the State Council's executive meeting approved the "Artificial Intelligence +" action plan, promoting the accelerated implementation of AI applications, benefiting Baidu's related businesses, causing stock price fluctuations. On July 30, Baidu participated in investments in Malaysia, promoting the development of AI capabilities, with a positive market response. On July 29, the number of users for Baidu's AI tools surged, indicating strong market demand