--- title: "U.S. stock night trading volatility: APLD fell 3.17% in night trading, with a large order of 5.2 billion and Needham raising its rating unable to hide profit-taking" type: "News" locale: "en" url: "https://longbridge.com/en/news/289273526.md" description: "Applied Digital fell 3.17% in after-hours trading; Coreweave fell 2.78% in after-hours trading, with a transaction volume of USD 3.48 million; Snowflake fell 1.27% in after-hours trading, with a transaction volume of USD 1.02 million; GDS Holdings fell 3.16% in after-hours trading, with a transaction volume of USD 867,100" datetime: "2026-06-10T04:51:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289273526.md) - [en](https://longbridge.com/en/news/289273526.md) - [zh-HK](https://longbridge.com/zh-HK/news/289273526.md) --- # U.S. stock night trading volatility: APLD fell 3.17% in night trading, with a large order of 5.2 billion and Needham raising its rating unable to hide profit-taking **U.S. Stock Night Market Movements** Applied Digital fell 3.17% in the night market. Based on recent key news: 1. On June 9, Applied Digital announced a 15-year lease agreement with a major U.S. cloud service provider, expected to bring in $5.2 billion in base contract revenue. This news drove the stock price up over 8% in after-hours trading. Source: Yahoo Finance 2. On June 9, Needham analysts raised the target price for Applied Digital to $83 and reiterated a buy rating, believing the company can continue to expand new sites and sign more leases. This further boosted market confidence. Source: Barron's 3. On June 9, Applied Digital announced plans to issue $1.59 billion in senior secured notes through its subsidiary, with funds to be used for the construction of the fourth building of Polaris Forge 1 and to repay existing loans. This move demonstrates the company's strategic growth intentions. Source: MarketBeatAI Demand drives growth in the data center industry. **Stocks with High Trading Volume in the Industry** CoreWeave fell 2.78% in the night market. Based on recent key news: 1. On June 10, three co-founders and shareholders of CoreWeave, Magnetar Financial, sold approximately $7.8 billion worth of shares after the lock-up period ended, leading to a drop in stock price. The company's stock closed yesterday at $98.45, down 3.83%, and fell another 0.77% in after-hours trading to $97.69. Source: Bloomberg 2. On June 9, CoreWeave planned to issue high-yield bonds in the European market, causing stock price fluctuations. The company has appointed JP Morgan to arrange a conference call with high-yield investors. Source: Bloomberg 3. On June 9, CoreWeave's founders have sold $2.3 billion worth of stock since the company's IPO, raising market concerns. Source: Washington ServiceAI Strong infrastructure demand, significant market volatility. Snowflake fell 1.27% in the night market. Based on recent key news: 1. On June 9, Snowflake director Michael L Speiser sold 50,741 shares, valued at approximately $12.44 million. This move may raise market concerns about internal confidence in the company, leading to a drop in stock price. 2. On June 10, market concerns about the impact of AI on the SaaS industry eased, and companies like Snowflake showed better-than-expected resilience to AI shocks, leading to a rebound in stock price. 3. On June 9, Snowflake was not included in the analysts' recommended list of the top five stocks, despite its rating being a moderate buy, which may affect investor confidence. AI drives recovery in the software industry, improving market sentiment GDS Holdings fell 3.16% in after-hours trading. Based on recent key news: 4. On June 9, the Chinese government plans to invest approximately 2 trillion yuan in building a national data center network over the next five years, with GDS Holdings seen as one of the major beneficiaries, driving its stock price up about 8% in pre-market trading. Source: Bloomberg 5. On June 9, GDS Holdings signed a strategic cooperation agreement with the Ulanqab Municipal Government, planning to invest over 30 billion yuan in the next five years to create multiple high-density data center parks, further enhancing China's AI infrastructure construction. Source: Zhitong Finance 6. On June 9, a Goldman Sachs report indicated that the cloud and data center industry remains a preferred investment area for the second half of 2026, with GDS Holdings listed as one of the major recommended targets. 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