U.S. stock market update: Bit Origin up 12.03%

U.S. Stock Market Midday Update Stocks with High Trading Volume in the Industry Palantir Tech rose 4.17%. According to recent important news: On October 6, Palantir announced a multi-year partnership with OneMedNet to promote healthcare artificial intelligence and data analytics, driving the stock price up. Data source: Company announcement. On October 5, Palantir's third-quarter revenue guidance was set at $1.085 billion, a year-on-year increase of 49.6%, exceeding market expectations and boosting market confidence. Data source: Company financial report. On October 4, serious defects were reported in the battlefield communication system developed in collaboration with Anduril, although the company denied this, the stock price fell by as much as 7.5%. Data source: Market reports. The AI investment boom coexists with the risk of overheating valuations. BitMine Immersion Tech rose 9.62%. According to recent important news: On October 6, BitMine Immersion Technologies announced that its Ethereum holdings exceeded 2.83 million tokens, with total cryptocurrency and cash holdings reaching $13.4 billion. This news boosted market confidence in the company, leading to a rise in stock price. Data source: Company announcement. On October 6, BitMine Immersion Technologies continued to increase its Ethereum holdings, purchasing $823 million worth of Ethereum, bringing its total holdings to 2.83 million tokens. This move further solidified its position in the cryptocurrency market and boosted the stock price. Data source: Strategicethreserve. On October 6, there was huge demand for spot exchange-traded funds (ETFs) listed in the U.S., driving an overall rise in the cryptocurrency market, indirectly lifting BitMine's stock price. Data source: CoinDesk. Strong demand in the cryptocurrency market and significant capital inflows. AppLovin fell 1.48%, with increased trading volume. Based on recent important news: On October 6, Wedbush Securities raised AppLovin's target price from $725 to $745, maintaining an outperform rating, showing confidence in the company's growth. However, the stock price still fell, indicating market concerns about its valuation. Data source: Wedbush Securities. On October 5, financial giants took a notably bearish stance on AppLovin, with options trading showing that 47% of traders held a bearish outlook, putting pressure on the stock price. Data source: Options historical analysis. On October 4, analysts generally gave AppLovin a strong buy rating, but the stock price was above the consensus target price, exacerbating market concerns about its overvaluation and increasing volatility. Data source: Analyst ratings. Market concerns about high valuations intensified volatility Stocks Ranked Among the Top by Market Capitalization in the Industry SAP rose 0.49%, with a market capitalization of $316.5 billion. Based on recent important news: On October 6, the U.S. Supreme Court rejected SAP's request to avoid antitrust lawsuits from competitors. This ruling means that SAP will have to face legal challenges, which may impact its business and market position. On October 6, Meta and Microsoft submitted an amicus brief to the Supreme Court in support of SAP, demonstrating the backing of tech giants for SAP. On October 6, SAP launched its enterprise AI assistant Joule in Las Vegas, showcasing innovative applications that combine AI and data, enhancing market confidence in its technological capabilities. The tech industry is facing legal challenges, and market volatility is increasing