U.S. stock night market fluctuations: Target price significantly lowered, ARK's increased holdings cannot save BitMine's stock price, which fell by 3.54%

U.S. Stock Night Market Movements BitMine fell 3.54%. Based on recent key news: On November 21, B. Riley Securities lowered BitMine's target price from $90 to $47, leading to a decline in market confidence and a drop in stock price. On November 19, BitMine announced the hiring of Tom DeMark as a strategic advisor, planning to optimize its Ethereum acquisition strategy. Although this move demonstrates the company's long-term confidence in Ethereum, it failed to immediately boost the stock price. On November 20, ARK Invest increased its holdings in BitMine shares. Despite ARK's support showing confidence in the company's prospects, the stock price still fell by 9.6% that day. The price fluctuations of Ethereum affect the value of BitMine's holdings. Stocks with High Trading Volume in the Industry Palantir Tech fell 0.29% in the night market. Based on recent key news: On November 18, Palantir's stock price fell below the 50-day moving average, signaling a bearish trend technically. Concerns over overvaluation in AI intensified, leading to a 2.29% drop in stock price. Source: Barron's On November 19, Palantir signed a multi-year cooperation agreement with PWC UK to accelerate its AI transformation. This news failed to reverse the downward trend in stock price. Source: Reuters On November 20, Palantir's vice president submitted an application to sell restricted securities, which may raise market concerns about internal confidence in the company. Source: SEC announcement. The valuation risks in the AI industry have increased, and the flow of funds remains uncertain. Strategy fell 2.88% in the night market. Based on recent key news: On November 19, Strategy's executive vice president Shao Wei-Ming sold 5,200 shares of the company stock, valued at $1.04 million. This move may lead to market concerns about internal confidence in the company, affecting the stock price decline. On November 19, Bitcoin's price fell below $90,000, resulting in losses for Strategy's Bitcoin assets, with about 40% of holdings in a loss position, further exacerbating stock price volatility. On November 20, JP Morgan warned that if Strategy were removed from MSCI, it could face billions of dollars in capital outflows, increasing market concerns about the company's liquidity and valuation. The volatility in the Bitcoin market is affecting related stocks. IREN fell 1.20% in the night market. Based on recent news: On November 20, IREN signed a five-year AI cloud contract worth $9.7 billion with Microsoft, which includes a $1.9 billion advance payment. This news boosted market confidence in IREN's future growth, but the stock price failed to maintain its upward momentum in the short term On November 19, analysts lowered the median estimate for IREN's earnings per share in 2026 from $0.99 to $0.95, increasing market concerns about the company's future profitability, which put pressure on the stock price. On November 18, Bernstein analyst Gautam Chhugani maintained a buy rating on IREN and set a target price of $125. However, the market's reaction to this rating was limited, and the stock price failed to rise significantly. The market's response to AI cloud contracts is complex, and future earnings expectations need to be monitored