U.S. Stock Market Midday Update
Marathon Digital rose 6.43%. According to recent key news:
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On September 16, Marathon Digital Holdings CEO Fred Thiel met with other cryptocurrency leaders and U.S. lawmakers to advocate for the establishment of a Bitcoin reserve in the U.S. This news boosted market confidence in Marathon Digital, leading to a rise in stock price. Source: Crypto News
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On September 16, analyst Petersen pointed out that MARA's hash rate remains the largest among U.S. crypto miners, reaching 59.4 EH/s. Although the decline in Bitcoin prices has affected mining profitability, MARA's market position remains solid, supporting its stock price. Source: Crypto Analysis
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On September 14, Marathon Digital was listed as one of the companies holding the most Bitcoin, with over 52,000 BTC. This news enhanced investor confidence in its future growth potential, driving up the stock price. Source: Market Report The cryptocurrency market is volatile; investors should exercise caution.
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Stocks with High Trading Volume in the Industry
Palantir Tech fell 0.98%, with a trading volume of $2.794 billion. Based on recent key news:
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On September 15, analysts generally rated Palantir as neutral, believing its valuation is too high and may face downward pressure in the future. Analysts noted that while Palantir's growth rate is impressive, its high valuation could lead to overly optimistic market expectations for its future performance, resulting in stock price volatility.
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On September 14, market forecasts for Palantir's future price indicated that while long-term outlooks are bullish, it may face downward pressure in the short term. Analysts predict that by 2025, Palantir's stock price could decline by approximately 29.46%, further exacerbating market concerns about its short-term performance.
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On September 13, the CEO of Salesforce praised Palantir's high valuation during a conference but also pointed out that its market valuation is significantly higher than that of other software companies, which could lead to overly optimistic investor expectations for its future growth, resulting in stock price volatility. The overall performance of the AI industry is strong, but valuation risks are high.
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AppLovin fell 0.27%, with a trading volume of $1.736 billion. According to recent key news:
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On September 16, AppLovin announced its inclusion in the S&amp;P 500 index, which is expected to increase the company's visibility and institutional ownership. This news drove up the stock price, but the market has partially digested this positive news.
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On September 15, Benchmark raised AppLovin's target price from $525 to $640, reflecting analysts' confidence in the company's growth potential
This move provides support for the stock price.
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On September 13, Wedbush analysts raised the target price for AppLovin by 17% to $725, based on strong growth expectations in the gaming and e-commerce sectors, boosting market sentiment. The inclusion in the S&amp;P 500 has increased visibility and trading activity.
Adobe rose 1.03%, with increased trading volume. According to recent key news:
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On September 14, Adobe reported third-quarter results that exceeded expectations, with earnings per share of $5.31, surpassing the analyst expectation of $5.18, and revenue reaching $5.99 billion, higher than the expected $5.91 billion. This positive performance drove the stock price up. Source: Benzinga
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On September 15, Adobe raised its revenue and earnings per share targets for fiscal year 2025, expecting total revenue between $23.65 billion and $23.7 billion, and non-GAAP earnings per share between $20.80 and $20.85. This reflects the company's confidence in its strategic plans and market position. Source: Zhitong Finance
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On September 16, investors expressed concerns about the risks posed by innovative disruptors in the industry, but some large investors remained optimistic about Adobe, showing a bullish stance. Source: Benzinga AI products drive growth, but competitive pressure remains.
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Stocks ranked among the top by market capitalization in the industry
SAP fell 1.26%, with increased trading volume. According to recent key news:
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On September 15, SAP announced that several board members sold shares to pay taxes and fees. These transactions occurred on September 11, involving the trading platform CBOE EUROPE - DXE PERIODIC (NL). This news raised market concerns about the confidence of the company's internal management, leading to a decline in stock price.
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On September 15, SAP released an internal trading announcement involving executive director Muhammad Alam selling shares to pay taxes and fees. The transaction took place on the CBOE EUROPE - DXE DARK ORDER BOOK (NL) platform. This news further exacerbated market concerns about the confidence of the company's internal management, causing the stock price to continue to decline.
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On September 15, analyst Brennan maintained a &#34;Strong Buy&#34; rating for SAP, with a target price of €298.82, indicating a potential upside of 35.39% from current levels. However, the market's negative reaction to the internal trading overshadowed the analyst's optimistic outlook, leading to a decline in stock price. Industry trends and macro dynamics have a significant impact
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MARA

Marathon Digital rose 6.43%; Palantir Tech fell 0.98%, with a trading volume of USD 2.794 billion; AppLovin fell 0.27%, with a trading volume of USD 1.736 billion; Adobe rose 1.03%, with a trading volume of USD 1.052 billion; SAP fell 1.26%, with a market capitalization of USD 290.3 billion

U.S. stock market update: Marathon Digital up 6.43%