--- title: "U.S. stock market midday update: Whitefiber up 18.71%, earnings report exceeds expectations leading to rating upgrades by institutions" type: "News" locale: "en" url: "https://longbridge.com/en/news/290459570.md" description: "Whitefiber rose 18.71%; Coreweave fell 7.83%, with a transaction volume of USD 1.471 billion; Snowflake fell 0.23%, with a transaction volume of USD 540 million; Shopify fell 0.76%, with a transaction volume of USD 348 million; CloudFlare fell 3.85%, with a market value of USD 76.1 billion" datetime: "2026-06-22T16:02:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290459570.md) - [en](https://longbridge.com/en/news/290459570.md) - [zh-HK](https://longbridge.com/zh-HK/news/290459570.md) generator: "portal-rs" --- # U.S. stock market midday update: Whitefiber up 18.71%, earnings report exceeds expectations leading to rating upgrades by institutions **U.S. Stock Market Midday Update** Whitefiber rose 18.71%. Based on recent key news: 1. On June 20, Whitefiber announced a strategic partnership with a major technology company, significantly boosting its stock price. The partnership aims to jointly develop next-generation fiber optic technology, which is expected to enhance Whitefiber's market competitiveness. 2. On June 19, Whitefiber released a strong quarterly report, showing that its revenue and profit exceeded market expectations. The report indicated that Whitefiber's revenue grew by 25% year-on-year, and net profit increased by 30%, further boosting investor confidence. 3. On June 18, analysts generally upgraded Whitefiber's rating, believing it has enormous growth potential in the future. Several well-known investment banks released reports predicting that Whitefiber's stock price will continue to rise in the coming months. The demand in the fiber optic industry is strong, and technological innovation drives growth. **Stocks with High Trading Volume in the Industry** Coreweave fell 7.83%. Based on recent key news: 1. On June 22, CoreWeave executives sold a large number of shares, leading to increased market uncertainty about the company's future. The company's Chief Strategy Officer Brian M Venturo and Chief Financial Officer Nitin Agrawal sold 76,924 and 58,429 shares, respectively, with a total value exceeding $15 million, causing the stock price to drop. 2. On June 22, CoreWeave was included in the Nasdaq 100 index components. Although this news typically boosts stock prices, concerns over the executives' stock sales led to a decline in the stock price. After the adjustment of the Nasdaq 100 index, CoreWeave and four other companies were included, reflecting market recognition of its long-term growth potential. 3. On June 20, CoreWeave revealed key bottlenecks in AI infrastructure and plans for large-scale expansion in 2027 to meet market demand. The company pointed out that power supply rooms have become a bottleneck, indicating an urgent need for infrastructure. Although this news shows the company's future growth potential, the market reacted negatively in the short term. The demand for AI continues to rise, and geopolitical risks are increasing. Snowflake fell 0.23%. Based on recent key news: 1. On June 22, Verato announced a successful collaboration with Snowflake AI Data Cloud at Cannes Lions 2026, enhancing its data integration and modeling capabilities. This collaboration strengthened Verato's leadership position in the industry and drove fluctuations in Snowflake's stock price. 2. On June 22, Acxiom was recognized by Snowflake as a "Leader" in the identity and onboarding space at Cannes Lions 2026 and was listed as a "Company to Watch" in collaboration This recognition demonstrates Acxiom's outstanding performance in the data solutions field, impacting Snowflake's stock price. On June 22, Narrative I/O was recognized by Snowflake as an outstanding participant in the data and identity space at Cannes Lions 2026. This recognition further showcases Narrative I/O's strength in technological innovation, influencing Snowflake's market performance. Collaboration in the tech industry is accelerating, and market volatility is evident. Shopify fell by 0.76%. Based on recent news, 1. On June 22, Shopify is experiencing rapid growth and expanding its ecosystem through advanced AI integration and multi-channel enterprise infrastructure. This enables Shopify to gain a competitive advantage, and it is expected to maintain strong growth in the medium term, although valuations appear high, and the stock price may be re-rated. 2. On June 20, Admaxxer achieved a significant milestone with 12,000 active direct-to-consumer brands and a total tracked merchandise value of $3 billion. The platform aims to become a major alternative for Shopify and other e-commerce brands. 3. On June 22, analyst ratings showed 1 buy and 20 hold recommendations over the past three months, with an average target price of $167.38, indicating a 34% upside from current levels. The e-commerce industry is performing strongly overall, with significant capital inflows. **Stocks ranked among the top in industry market capitalization** CloudFlare fell by 3.85%. Based on recent key news: 1. On June 22, Cloudflare announced a collaboration with Mozilla Firefox, Google Chrome, and Microsoft Edge to develop a privacy protection protocol, PACT, to reduce CAPTCHA and intrusive tracking. This move aims to enhance user experience but failed to immediately boost the stock price, which instead fell due to market concerns over the implementation of the technology. 2. On June 22, Cloudflare reported slow progress in fixing outages, leading investors to question its technological stability, further exacerbating the stock price decline. 3. On June 22, Cloudflare is investigating a rise in error rates, and the ongoing technical issues have raised market concerns about its operational capabilities, affecting stock performance. Recent volatility in tech stocks has increased, and risks need to be monitored ### Related Stocks - [WYFI.US](https://longbridge.com/en/quote/WYFI.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [SNOW.US](https://longbridge.com/en/quote/SNOW.US.md) - [SHOP.US](https://longbridge.com/en/quote/SHOP.US.md) - [NET.US](https://longbridge.com/en/quote/NET.US.md) ## Related News & Research - [WhiteFiber amends 8-K to file real estate purchase and sale agreement as exhibit](https://longbridge.com/en/news/297088090.md) - [WhiteFiber closes upsized USD 310 million convertible senior notes offering](https://longbridge.com/en/news/296648084.md) - [Promising Artificial Intelligence Stocks To Follow Now - August 24th](https://longbridge.com/en/news/296810260.md) - [BUZZ-AI infrastructure co WhiteFiber tumbles on convertible offering plans](https://longbridge.com/en/news/296267774.md) - [WhiteFiber prices upsized USD 270 million convertible senior notes offering](https://longbridge.com/en/news/296347953.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**