U.S. stock market midday update: Strong AI demand boosts Nebius stock price by 13.04%

U.S. Stock Market Midday Update Nebius rose 13.04%, with increased trading volume. Based on recent key news: On December 19, Micron's financial forecast exceeded expectations, indicating strong AI demand, which drove Nebius's stock price up. Analysts believe the market's concerns about debt are excessive, leading to an 8.5% increase in Nebius's stock price. Source: MarketWatch On December 17, Nebius launched AI Cloud version 3.1, enhancing operational capabilities and infrastructure, improving AI training and inference performance. This move doubled the throughput of distributed workloads. Source: Zhitong Finance On December 18, Nebius's financial condition improved, benefiting from a strong balance sheet and support from Microsoft and Meta, with long-term growth potential viewed positively. Source: Jiemian AI industry demand is strong, driving stock price increases. Top Stocks by Industry Trading Volume Microsoft rose 0.15%. Based on recent key news: On December 18, Morgan Stanley analyst Keith Weiss met with Microsoft executives and believes the Azure division may have significant upside potential. Weiss gave Microsoft an "Overweight" rating with a target price of $650, noting that the $250 billion deal with OpenAI paves the way for further increases. This news boosted Microsoft's stock price. On December 19, Microsoft joined the U.S. government's "Genesis Mission," a program aimed at promoting the application of AI technology in scientific research and energy projects. The signing of a memorandum of understanding with the government to participate in this program enhanced market confidence in its future growth. On December 17, Microsoft's stock price fell slightly, possibly related to the poor performance of the annual Game Awards event. Nevertheless, analysts maintain a strong buy rating on Microsoft, believing its stock price has significant upside potential. The technology sector faces growth opportunities alongside high valuations. Oracle rose 7.75%. Based on recent key news: On December 18, Oracle signed an agreement with ByteDance to establish a joint venture aimed at boosting its cloud business growth. This news stimulated a post-market surge of 5.4%. Source: Bloomberg On December 17, Oracle's Michigan data center project financing negotiations faced obstacles, leading to a nearly 5% drop in stock price. Market concerns about its debt levels intensified. Source: Financial Times On December 18, Oracle's credit default swaps reached a new high since 2009, reflecting market concerns about its financial risks. Source: Sina Finance The investment boom in the AI industry continues, with increasing risks. ServiceNow rose 1.34%. Based on recent key news: On December 19, KeyBanc downgraded ServiceNow's rating to Underweight, citing risks related to artificial intelligence, valuation, and growth momentum. This move put pressure on the stock price, despite short-term advantages, as structural and competitive challenges are more pronounced On December 17, ServiceNow announced a 5-for-1 stock split, raising concerns in the market about its growth strategy, which may affect shareholder confidence. On December 17, analysts questioned ServiceNow's acquisition strategy, suggesting it does not stem from a position of strength, which could impact its product strategy, leading to fluctuations in its stock price. The tech industry is facing competitive pressure from AI, with significant capital inflows. Stocks ranked among the top in industry market capitalization Palo Alto Networks rose by 0.50%. Based on recent key news: On December 19, Palo Alto Networks reached a multi-billion dollar agreement with Google Cloud to migrate its core workloads to the Google Cloud platform. This move deepens the strategic partnership between the two companies and drove the stock price up by 1%. Source: Reuters On December 19, Morgan Stanley raised its price target for Palo Alto Networks from $228 to $245, reflecting market confidence in its future growth. Source: Morgan Stanley On December 17, Jefferies analyst Joseph Gallo maintained a buy rating on Palo Alto Networks with a price target of $250, indicating analysts' optimistic expectations for its long-term performance. Source: Jefferies Tech stocks rebounded, market sentiment was optimistic, and capital inflows were evident