U.S. Stock Market Midday Update
Hut 8 Mining rose by 13.17%. Based on recent key news:
<ol>
<li>
On January 4, Hut 8 expanded its credit line to $200 million with Coinbase. This move supports its expansion in artificial intelligence and high-performance computing, boosting market confidence and driving up the stock price. Source: Jinse Finance
</li>
<li>
On January 4, Hut 8 ranked 9th among Bitcoin companies, holding 13,696 BTC valued at over $1.2 billion. This financial strength demonstrates the company's solid position in the industry, further boosting investor confidence. Source: BitcoinTreasuries.Net
</li>
<li>
On January 3, Hut 8's stock price increased by 130.01% over the past 12 months, showing a strong upward trend. The stock price is close to its 52-week high, with technical indicators supporting a continued bullish outlook. Source: Benzinga Pro The Bitcoin industry faces challenges, but Hut 8 stands out.
</li>
</ol>
Stocks with High Trading Volume in the Industry
Palantir Tech rose by 3.39%. Based on recent key news:
<ol>
<li>
On January 3, Palantir faced heavy selling pressure on the first trading day of 2026, with the stock price plummeting by 5% at one point, breaking technical support levels and continuing the downward trend since the end of 2025. Overvaluation has become a concern, shaking investor confidence. Source: You Analysis
</li>
<li>
On January 5, analysts rated Palantir as a hold, although its 12-month average target price still indicates about a 12% upside potential. Source: MarketBeat
</li>
<li>
On January 6, Palantir's stock price formed a head and shoulders pattern, with technical analysis indicating potential downside risk. Source: InvezzAI Industry valuation pressure is significant, and risks need to be monitored.
</li>
</ol>
Strategy rose by 3.10%, with increased trading volume. Based on recent key news:
<ol>
<li>
On January 5, Strategy disclosed an increase of 1,287 Bitcoin, raising its Bitcoin reserves to 673,783 coins, while its USD reserves increased by $62 million, totaling $2.25 billion. This move enhanced market confidence in its Bitcoin strategy, driving up the stock price. Source: Zhito Finance
</li>
<li>
On January 4, Strategy founder Michael Saylor released Bitcoin Tracker information, attracting market attention. Typically, after related news is released, Strategy discloses information about increasing Bitcoin holdings, further stimulating stock price increases. Source: Jinse Finance
</li>
<li>
On January 6, Strategy revealed significant unrealized losses in its Bitcoin holdings in a newly submitted Form 8-K, indicating a sharp decline in cryptocurrency prices in the fourth quarter. Nevertheless, the market remains optimistic about its long-term strategy. Source: Wall Street Insight Bitcoin price volatility increases, and market risks rise
AppLovin rose by 3.44%. Based on recent news,
</li>
<li>
On January 3, U.S. President Trump issued an executive order prohibiting the Chinese company HieFo from acquiring Emcore's semiconductor assets, highlighting the U.S. emphasis on national security, especially regarding foreign investment in advanced technology. This policy risk has drawn market attention to tech stocks, affecting AppLovin's stock price.
</li>
<li>
On January 3, AppLovin overcame multiple short-selling reports and an investigation by the U.S. Securities and Exchange Commission regarding its alleged violation of platform partner service agreements. Although the company did not comment on the investigation, CEO Adam Foroughi referred to these allegations as &#34;false and misleading&#34; in a blog post. Analysts are generally optimistic about AppLovin's future performance, with 34 out of 27 institutions giving it a buy rating and a target price of $756.
</li>
<li>
On January 3, an OPEC+ meeting is about to be held, expected to continue the pause in production increases to stabilize the market. Meanwhile, in the U.S. stock market, the Dow Jones Industrial Average rose by 319.10 points, with semiconductor stocks like Nvidia and Intel boosting the market. Market attention on the Federal Reserve's monetary policy has intensified, with expectations of further interest rate cuts, setting the S&amp;P 500 index target at 7,629 points. Tech stocks performed strongly, and market confidence rebounded.
</li>
</ol>
Stocks ranked among the top in industry market capitalization
SAP rose by 1.61%, with increased trading volume. Based on recent key news:
<ol>
<li>
On January 5, SAP experienced frequent capital movements in the morning, with stock prices fluctuating around key moving averages, leading to intense competition between bottom-fishing funds and short-selling forces. The European stock market's tech sector has gained momentum, and the trading community is closely watching whether SAP can break through. Intraday trading volume increased, and aggressive capital betting desire has intensified. Source: Zhitong Finance
</li>
<li>
On January 5, SAP staged a tug-of-war around the key support level of $438, with main long and short funds competing, and trading volume showed no abnormal fluctuations, leaning towards a wait-and-see sentiment. Technically, prices have entered a densely supported range, and short-term breakout signals have yet to be clarified. Source: Wall Street Insights
</li>
<li>
On January 3, the average daily trading volume on Xetra was €5.95 billion, showing changes compared to last year and last month. Source: Deutsche Börse AG The European stock market's tech sector has gained momentum, with significant capital inflows
</li>
</ol>

Hut 8 Mining rose 13.17%; Palantir Tech rose 3.39%, with a trading volume of USD 4.449 billion; Strategy rose 3.10%, with a trading volume of USD 2.209 billion; AppLovin rose 3.44%, with a trading volume of USD 1.489 billion; SAP rose 1.61%, with a market capitalization of USD 280.4 billion

U.S. stock market update: Hut 8 expands credit line to $200 million, stock price surges 13.17%