--- title: "U.S. stock market midday update: Fatpipe's stock price soared 36.51%, driven by strategic cooperation and strong financial reports, boosting market confidence" type: "News" locale: "en" url: "https://longbridge.com/en/news/287933287.md" description: "Fatpipe rose 36.51%; Palantir Tech rose 4.63%, with a transaction volume of USD 1.237 billion; S&P 500 rose 2.52%, with a transaction volume of USD 1.036 billion; IREN fell 5.22%, with a transaction volume of USD 693 million; SAP rose 1.45%, with a market value of USD 206.3 billion" datetime: "2026-05-28T14:03:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287933287.md) - [en](https://longbridge.com/en/news/287933287.md) - [zh-HK](https://longbridge.com/zh-HK/news/287933287.md) --- # U.S. stock market midday update: Fatpipe's stock price soared 36.51%, driven by strategic cooperation and strong financial reports, boosting market confidence **U.S. Stock Market Midday Update** Fatpipe rose 36.51%. Based on recent news, 1. On May 27, Fatpipe announced strategic cooperation agreements with several large enterprises, significantly boosting its stock price. The agreement is expected to substantially enhance the company's future revenue and market share, leading to a positive reaction from investors and a surge in stock price. 2. On May 26, Fatpipe released a strong quarterly financial report, showing that both its revenue and profit exceeded market expectations. The report indicated that the company performed well in several key markets, further strengthening investor confidence and driving up the stock price. 3. On May 25, a well-known analyst upgraded Fatpipe's rating, believing that its future growth potential is enormous. The analyst pointed out that the company's efforts in technological innovation and market expansion will yield considerable returns, and this optimistic outlook triggered a positive market response, resulting in a rise in stock price. The overall market performed strongly, with technology stocks generally rising. **Stocks with High Trading Volume in the Industry** Palantir Tech rose 4.63%. Based on recent news, 1. On May 25, Palantir reported record first-quarter results, with revenue increasing 85% year-over-year to $1.63 billion, and U.S. commercial sales growing 133%, with profits quadrupling. Despite the stock price dropping 33% from its peak, most analysts remain optimistic about the stock, believing its fundamentals are strong, with a potential upside of 42%. 2. On May 26, Palantir CEO Alex Karp sold $54 million worth of company stock. According to regulatory filings, Karp sold 397,744 shares at prices ranging from $132.48 to $136.84 per share on May 20. These transactions were executed automatically under preset conditions. 3. On May 27, despite Palantir announcing record revenue growth and raising its performance guidance, the stock price still fell as investors focused on valuation and competitive risks. Analysts have differing views on the stock, with some predicting strong upside potential, while others believe the stock remains expensive compared to many software peers. Competition in the AI market is intensifying, and valuation disputes continue. SaaS rose 2.52%. Based on recent news, 1. On May 27, the options market turned bullish on the software sector as SaaS options trading volume surged, indicating that the stock price is likely to experience significant volatility. The options market predicts that the stock's volatility may reach 7.8%. 2. On May 25, SaaS reached a $72 million corporate cooperation agreement with the U.S. Air Force, marking the successful entry of the company's AI workflow solutions into government and regulatory departments, opening up a new incremental market space. 3. On May 28, SaaS released its first-quarter financial report, with revenue of $11.13 billion, exceeding the market expectation of $11.05 billion, and adjusted earnings per share of $3.88, compared to the market expectation of $3.25 The software sector performed strongly overall, with bullish sentiment in the options market. IREN fell 5.22%. Based on recent news, 1. On May 27, IREN announced a hardware procurement agreement worth $1.6 billion with Dell Technologies, which will involve large-scale purchases of NVIDIA's Blackwell systems to accelerate the layout of AI computing infrastructure. Stimulated by this news, IREN's stock price surged about 5% in pre-market trading. 2. On May 27, IREN announced a five-year, $3.4 billion managed AI cloud services contract signed with Dell. Once the contract takes effect, IREN's annual recurring revenue is expected to increase from $3.7 billion to $4.4 billion. 3. On May 27, NVIDIA announced it would invest up to $2.1 billion in IREN as part of a broad agreement to deploy up to 5 gigawatts of infrastructure. The demand for AI cloud infrastructure is strong, with a broad market outlook. **Stocks ranked at the top of the industry by market capitalization** SAP rose 1.45%, with increased trading volume. Based on recent key news: 1. On May 28, SAP announced it will host the "Business meets AI" hackathon in Frankfurt, Munich, and Vienna, aimed at promoting the application of AI technology. This news boosted market confidence in SAP's future growth, driving the stock price up. 2. On May 27, Syntax launched the ShiftBook technology in Montreal, designed specifically for SAP digital manufacturing, aimed at simplifying shift handovers and improving productivity. This technological innovation enhanced SAP's competitiveness in the manufacturing sector, further supporting the rise in stock price. 3. On May 25, at the Sapphire 2026 conference, SAP received support from Anthropic, NVIDIA, and JP Morgan, further solidifying its leadership position in the ERP market. This recognition boosted investor confidence in SAP, driving the stock price up. The overall industry is performing well, with significant capital inflows ### Related Stocks - [FATN.US](https://longbridge.com/en/quote/FATN.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [CRM.US](https://longbridge.com/en/quote/CRM.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 - [BREAKINGVIEWS-Software is sprouting some AI green shoots](https://longbridge.com/en/news/289185665.md) - ['The SaaSpocalypse Is Over': Big Money Says Software Is Booming Again](https://longbridge.com/en/news/289244399.md) - [Microsoft stock looks vulnerable. 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