--- title: "U.S. stock night trading volatility: A double blow from a 17% layoff and concerns over AI replacement, Intuit plummets 13.33% in night trading" type: "News" locale: "en" url: "https://longbridge.com/en/news/287132603.md" description: "Intuit night trading fell 13.33%; Strategy night trading rose 0.10%, with a transaction volume of USD 497,500; Palantir Tech night trading fell 0.85%, with a transaction volume of USD 243,400; Circle night trading fell 0.22%, with a transaction volume of USD 162,300" datetime: "2026-05-21T00:07:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287132603.md) - [en](https://longbridge.com/en/news/287132603.md) - [zh-HK](https://longbridge.com/zh-HK/news/287132603.md) --- # U.S. stock night trading volatility: A double blow from a 17% layoff and concerns over AI replacement, Intuit plummets 13.33% in night trading **U.S. Stock Night Market Movements** Intuit fell 13.33% in the night market. Based on recent key news: 1. On May 20, Intuit announced a 17% layoff, involving about 3,000 employees, to streamline operations and accelerate AI integration. After the news was released, the stock price dropped by 3.9%. 2. On May 21, Intuit released its third-quarter report, with revenue of $8.56 billion and adjusted earnings per share of $12.80, exceeding analyst expectations. Despite better-than-expected performance, the layoff news led to a post-market drop of 13%. 3. On May 21, Intuit raised its fiscal year 2026 performance guidance, expecting adjusted earnings per share of $23.80 to $23.85 and revenue of $21.34 billion to $21.37 billion. Despite the upward revision of performance guidance, market concerns about AI replacing traditional software intensified, with the stock price down over 40% year-to-date. The overall tech industry is declining, and AI panic is escalating. **Stocks with High Trading Volume in the Industry** Strategy rose 0.10% in the night market. Based on recent key news: 1. On May 20, Strategy announced that 13 out of its top 15 institutional shareholders increased their holdings, with total holdings growing by 27%. This news boosted market confidence in Strategy, driving the stock price up. Source: ChainCatcher 2. On May 19, TD Cowen raised Strategy's target price to $400 and maintained a buy rating. Analysts believe that Strategy's accelerated Bitcoin accumulation and debt buyback have improved its financial situation, supporting the stock price increase. Source: Jinse Finance 3. On May 18, Strategy purchased 24,869 Bitcoins for approximately $2.01 billion, with an average price of about $80,985. This move demonstrates the company's proactive positioning in the cryptocurrency market, affecting stock price fluctuations. Source: Jinse Finance Cryptocurrency market volatility is increasing, and risks need to be monitored. Palantir Tech fell 0.85% in the night market. Based on recent key news: 1. On May 15, Palantir director Alexander D. Moore sold 16,000 shares, leading to market doubts about internal confidence in the company, putting pressure on the stock price. Source: EDGAR System 2. On May 18, Germany chose ChapsVision's ArgonOS over Palantir, reflecting Europe's concerns about data sovereignty, limiting Palantir's market expansion. Source: Zhitong Finance 3. On May 20, analysts' valuation discrepancies for Palantir intensified, with target prices ranging from $90 to $255, and the market remains cautious about its high valuation risks. Source: Wall Street Insights AI industry competition is intensifying, and valuation pressure is evident Circle fell 0.22% in the night session. Based on recent key news: 4. On May 20, Circle minted an additional 250 million USDC on Solana, demonstrating its expansion strategy in the stablecoin market, which may positively impact its market position. Source: Jinse Finance 5. On May 19, Duan Yongping's investment in Circle was disclosed, valued at $19.08 million, indicating increased market confidence in Circle. Source: NS3.AI 6. On May 18, the U.S. passed the Clarity Act, which is favorable for Circle's market advantage and further consolidates its position in the stablecoin market. 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