U.S. Stock Market Midday Update
Stocks with High Trading Volume in the Industry
Google-A fell 0.04%, with a trading volume of $661 million. According to recent important news:
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On September 23, Google faces an antitrust trial in the U.S., with the Department of Justice demanding it sell its advertising trading platform AdX, which could significantly impact its advertising business. This case echoes similar cases in the EU, and if Google loses, it will have far-reaching effects on its global advertising market position.
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On September 22, Google made new progress in optical circuit switch technology, testing a piezoelectric ceramic-based OCS solution, which may enhance the network performance of its AI supercomputing clusters and drive data center efficiency upgrades.
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On September 21, the U.S. government imposed a $100,000 fee on H-1B visa applications, prompting urgent responses from tech companies like Google, which may affect the mobility of their international employees. The tech industry faces antitrust and policy challenges.
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Meta fell 0.19%, with increased trading volume. According to recent important news:
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On September 22, Meta announced the launch of two new Facebook dating features, including an AI dating assistant and the Meet Cute feature, aimed at reducing users' reliance on swipe matching. However, Meta's stock price still dropped 1.7%, indicating a poor market reaction to the new features.
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On September 20, the Federal Reserve cut interest rates by 25 basis points and hinted at possibly two more cuts before the end of the year, boosting market confidence in U.S. stocks, but tech stocks face short-term adjustment risks, impacting Meta's stock price.
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On September 20, Meta CEO Mark Zuckerberg insisted on large-scale investments in AI despite the risks of an AI bubble, showing confidence in future technological developments, but the market remains cautious about its short-term financial performance. Tech stocks face short-term adjustment risks.
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Google-C rose 0.06%, with a trading volume of $271 million. According to recent key news:
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On September 23, Google made new progress in optical circuit switch (OCS) technology, testing a piezoelectric ceramic-based OCS solution to optimize the network performance of AI supercomputing clusters and drive data center efficiency upgrades. OCS procurement is expected to double to 20,000 units by 2025, and the DLBS-OCS market will enter a rapid growth phase.
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On September 22, the U.S. Department of Justice demanded that Google split its advertising technology business, to which Google countered that this move is radical and impractical, potentially harming the market and small businesses. If Google loses, it will significantly impact its advertising business.
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On September 22, Google announced the launch of the Gemini feature on the Google TV platform, allowing users to engage in natural language conversations with AI, covering over 300 million active devices, further enhancing the market penetration of AI applications. The impact of AI technology advancements and antitrust litigation is significant
Stocks Ranked Among the Top by Market Capitalization in the Industry
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Reddit fell 2.41%, with a market capitalization of $46.9 billion. According to recent key news:
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On September 23, Oppenheimer analysts raised Reddit's target price from $215 to $300, maintaining an outperform rating, which drove stock price fluctuations.
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On September 22, the analyst consensus rating for Reddit was moderate buy, with an average target price of $231.46, indicating a downside potential of 10.13% from current levels.
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On September 20, an analyst downgraded Reddit's rating to sell, believing its valuation is too high, with a potential downside risk of 40% over the next 12 months. Technology stocks are highly valued, and market volatility is increasing
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Super League Enterprise rose 168.29%; Google-A fell 0.04%, with a transaction volume of $661 million; Meta fell 0.19%, with a transaction volume of $462 million; Google-C rose 0.06%, with a transaction volume of $271 million; Reddit fell 2.41%, with a market value of $46.9 billion

U.S. stock market update: Super League Enterprise up 168.29%