--- title: "U.S. stock market update: Rackspace Tech down 18.38%, trading volume increased, market sentiment fluctuations attract attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/286798188.md" description: "Rackspace Tech fell 18.38%; Coreweave fell 6.64%, with a transaction volume of USD 1.919 billion; Snowflake rose 2.91%, with a transaction volume of USD 812 million; Applied Digital fell 9.28%, with a transaction volume of USD 451 million; Shopify rose 0.91%, with a market capitalization of USD 131.3 billion" datetime: "2026-05-18T16:17:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286798188.md) - [en](https://longbridge.com/en/news/286798188.md) - [zh-HK](https://longbridge.com/zh-HK/news/286798188.md) --- # U.S. stock market update: Rackspace Tech down 18.38%, trading volume increased, market sentiment fluctuations attract attention **U.S. Stock Market Midday Update** Rackspace Tech, down 18.38%, with increased trading volume and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Coreweave down 6.64%. Based on recent key news: 1. On May 18, a FactSet survey showed analysts lowered CoreWeave's target price to 140 yuan, putting pressure on the stock price. Analysts hold a neutral stance on the company, with the stock price dropping 6.67% over the past five days; 2. On May 16, NVIDIA increased its stake in CoreWeave to 47.2 million shares, showing support for its AI strategy. This move raised market attention on CoreWeave but failed to stop the stock price decline; 3. On May 13, CoreWeave executives sold a large number of shares, raising market concerns about internal confidence in the company. Strategic officials sold 63,539 shares through West Clay Capital LLC, exacerbating stock price volatility. The cloud computing industry has performed steadily recently, with significant capital inflow. Snowflake up 2.91%. Based on recent key news: 1. On May 17, Zeta Global joined Snowflake's Open Semantic Exchange program, pushing its stock price up over 4%. This move sparked market interest in related technology conferences, indirectly boosting Snowflake's market popularity. 2. On May 18, analyst ratings showed Snowflake is currently a moderate buy but not on the top recommendation list. Nevertheless, the market remains optimistic about its future performance, driving the stock price up. 3. On May 16, the surge in demand for AI infrastructure pushed related companies' stock prices up. As an important player in the AI field, Snowflake benefited from this trend, with significantly increased trading volume. The growth in AI demand has driven related stock prices up. Applied Digital down 9.28%. Based on recent key news: 1. On May 16, ChronoScale Corp disclosed in Form 3 that Applied Digital is a 10% shareholder. The document reported that ChronoScale Corp directly holds 1,311,407 shares of common stock and indirectly holds 138,216,820 shares of common stock. This news raised market attention on the company's equity structure, leading to a drop in stock price. 2. On May 15, ChronoScale Corp released the aforementioned equity disclosure document through the EDGAR system, further intensifying market concerns about Applied Digital, causing the stock price to continue to decline 3. Recently, trading volume has increased, with a transaction amount reaching USD 451 million, indicating high market attention and trading activity for the stock. The market has reacted strongly to changes in the company's equity structure, leading to active trading. **Stocks ranked among the top in industry market capitalization** Shopify rose by 0.91%. Based on recent key news: 1. On May 17, Shopify's revenue growth performed excellently, driving the stock price up. Analysts expect its earnings to grow at an annualized rate of 33% over the next few years. 2. On May 18, renowned investor Cathie Wood's Ark Invest increased its holdings in Shopify stock, demonstrating confidence in its future development and further boosting the stock price. 3. On May 17, Shopify reported that sales from small, niche businesses surpassed mainstream brands, driven by AI tools and consumer interest in unique products, enhancing market recognition of its business model. 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