--- title: "U.S. stock market midday update: Soluna down 17.34%: dual blows from financial report losses and declining hash prices, market confidence further shattered" type: "News" locale: "en" url: "https://longbridge.com/en/news/286799970.md" description: "Soluna fell 17.34%; Palantir Tech fell 0.48%, with a trading volume of $2.505 billion; Strategy fell 8.11%, with a trading volume of $1.654 billion; IREN fell 7.59%, with a trading volume of $1.373 billion; SAP rose 1.78%, with a market capitalization of $201.4 billion" datetime: "2026-05-18T16:43:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286799970.md) - [en](https://longbridge.com/en/news/286799970.md) - [zh-HK](https://longbridge.com/zh-HK/news/286799970.md) --- # U.S. stock market midday update: Soluna down 17.34%: dual blows from financial report losses and declining hash prices, market confidence further shattered **U.S. Stock Market Midday Update** Soluna fell 17.34%, with increased trading volume. Based on recent key news: 1. On May 16, Soluna Holdings released its Q1 financial report, showing a 58% year-over-year revenue increase to $9.4 million, but due to rising expenses, net losses widened to $17.5 million. This report heightened market concerns about the company's profitability, leading to a drop in stock price. 2. On May 18, Soluna's cryptocurrency mining revenue was negatively impacted by a decline in hash prices, particularly affecting the Dorothy 1B project, resulting in reduced profit-sharing income. This news further undermined investor confidence, pushing the stock price down. 3. On May 18, analysts rated Soluna as "buy," but market concerns about its future profitability remained unresolved, keeping the stock price under pressure. The volatility in the cryptocurrency market increased risks. **Top Stocks by Industry Trading Volume** Palantir Tech fell 0.48%. Based on recent news: 1. On May 16, Trump publicly supported Palantir and made multiple trades, demonstrating his confidence in tech stocks, which influenced market sentiment. Trump's support for Palantir on social media reflects his influence on domestic and foreign policy, potentially affecting global energy supply and tech stock market sentiment. 2. On May 16, Palantir reported strong Q1 performance, but the stock price still fell, indicating market disagreement over its high valuation and reliance on government contracts. Despite strong revenue growth, investors expressed concerns about its long-term competitiveness. 3. On May 18, Germany chose the French company ChapsVision's ArgonOS over Palantir, reflecting Europe's focus on data sovereignty, which limits Palantir's expansion in the European market. This event highlights the challenges Palantir faces in international markets. The volatility in tech stocks increased, with geopolitical risks affecting market sentiment. Strategy fell 8.11%, with increased trading volume. Based on recent key news: 1. On May 18, Strategy announced a buyback of $1.5 billion in zero-coupon convertible bonds, causing stock price fluctuations. The buyback price is approximately $138 million, below par value, which may affect the company's financial structure. Source: Jinse Finance 2. On May 17, Strategy made a large purchase of Bitcoin, increasing its holdings to 843,738 coins, driving stock price fluctuations. The purchase amount was approximately $2.01 billion, with an average price of about $80,985. Source: Jinse Finance 3. On May 17, Strategy proposed changing the STRC dividend from monthly to bi-monthly payments, attracting market attention. This move may impact shareholder returns and stock price stability. Source: Jinse Finance Bitcoin price volatility is increasing, requiring attention IREN fell by 7.59%, with increased trading volume. Based on recent key news: 4. On May 18, IREN announced the acquisition of Spanish data center developer Ingenostrum, promoting its expansion plans in Europe. This move aims to strengthen IREN's global brand building and market positioning, impacting its stock price. Source: GlobeNewswire 5. On May 16, IREN reached a $3.4 billion AI cloud agreement with NVIDIA and raised $3 billion for AI infrastructure development, marking a shift in its business focus from Bitcoin mining to AI. This strategic change has attracted market attention. Source: ChainCatcher 6. On May 18, former OpenAI researcher Leopold Aschenbrenner increased his investment in IREN to $13.67 billion, showing confidence in the growing demand for AI computing, driving stock price fluctuations. Source: ChainCatcherAI industry transformation accelerates, with significant capital inflow. **Stocks ranked among the top in industry market capitalization** SAP rose by 1.78%. Based on recent news, 1. On May 19, SAP showcased its new business operating model at the Sapphire 2026 conference, emphasizing the combination of sustainability and automation. This news boosted market confidence in SAP's future development, driving the stock price up. 2. On May 16, Wells Fargo analyst Michael Turrin maintained a buy rating on SAP with a target price of €250. Berenberg Bank also maintained a buy rating with a target price of €215. Analysts' positive evaluations further boosted investor confidence, driving the stock price up. The technology sector performed strongly overall, with noticeable capital inflow ### Related Stocks - [SLNH.US](https://longbridge.com/en/quote/SLNH.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [IREN.US](https://longbridge.com/en/quote/IREN.US.md) - [SAP.US](https://longbridge.com/en/quote/SAP.US.md) ## Related News & Research - [Soluna Reports Q1'26 Results; Revenue Grows 58% Year-Over-Year and 4th Consecutive Quarter Sequentially | SLNH Stock News](https://longbridge.com/en/news/286762838.md) - [Soluna Q1 net loss widens on higher compensation and financing expenses](https://longbridge.com/en/news/286764313.md) - [Soluna (SLNH) Projected to Post Earnings on Tuesday](https://longbridge.com/en/news/281128175.md) - [Soluna Holdings Buys 149.9 MW Briscoe Wind Farm for $53M, Adds $12.5M Loan and Warrants](https://longbridge.com/en/news/281660778.md) - [Soluna reports December project updates, closes $32 mln direct offering](https://longbridge.com/en/news/272413633.md)