--- title: "U.S. stock market midday update: Horizon Quantum down 14.46%, market concerns intensify ahead of earnings report" type: "News" locale: "en" url: "https://longbridge.com/en/news/293361412.md" description: "Horizon Quantum fell 14.46%; Microsoft fell 0.86%, with a transaction volume of USD 3.04 billion; Nebius rose 13.77%, with a transaction volume of USD 1.863 billion; Oracle rose 3.02%, with a transaction volume of USD 1.155 billion; Palo Alto Networks fell 3.95%, with a market value of USD 273.1 billion" datetime: "2026-07-21T15:13:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293361412.md) - [en](https://longbridge.com/en/news/293361412.md) - [zh-HK](https://longbridge.com/zh-HK/news/293361412.md) generator: "portal-rs" --- # U.S. stock market midday update: Horizon Quantum down 14.46%, market concerns intensify ahead of earnings report **U.S. Stock Market Midday Update** Horizon Quantum fell 14.46%. Based on recent news, 1. On July 21, Horizon Quantum announced that it will release its second-quarter financial report on August 4 and hold a conference call on the same day to discuss performance and future business prospects. Investors expressed concerns about the upcoming financial report, leading to a significant drop in stock price. 2. On July 21, Horizon Quantum announced that its second-quarter financial report will be released before the market opens on August 4, and a conference call will be held at 8 AM that day. The market's expectations for the company's future performance are not optimistic, further exacerbating the decline in stock price. 3. On July 21, the financial report preview released by Horizon Quantum raised market concerns, with investors showing uncertainty about the company's future performance, leading to a drop in stock price. The market's expectations for the company's future performance are not optimistic. **Stocks with High Trading Volume in the Industry** Microsoft fell 0.86%, with increased trading volume. Based on recent key news: 1. On July 21, Microsoft expanded its partnership with Mistral, investing billions of dollars in European computing infrastructure, demonstrating the company's ongoing commitment to AI, attracting attention to its stock price. 2. On July 21, Microsoft's commercial backlog nearly doubled, with about a quarter of orders expected to be recognized as actual revenue within the next 12 months, enhancing market expectations for its long-term revenue growth. 3. On July 21, Morgan Stanley lowered Microsoft's target price to $600, reflecting market concerns about its short-term capital expenditure pressures. Continued AI investments have increased market volatility risks. Nebius rose 13.77%. Based on recent key news: 1. On July 17, Nebius secured a $775 million AI cloud loan and signed a $10 billion order, driving up its stock price. This news was reported by Zhitong Finance. 2. On July 21, NVIDIA disclosed that it holds a 9.3% stake in Nebius, significantly boosting market sentiment and causing a sharp rise in stock price. This news was reported by Wall Street Insights. 3. On July 20, Northland Securities raised Nebius's target price from $248 to $410, maintaining an outperform rating, with expectations of a 41-fold revenue growth. This news was reported by Jinshi Data. The investment boom in the AI industry continues, and market sentiment is optimistic. Oracle rose 3.02%. Based on recent key news: 1. On July 21, Oracle's credit default swaps (CDS) reached an all-time high, reflecting market anxiety over its massive capital expenditure plans. Concerns in the debt market regarding its credit quality have intensified, leading to stock price volatility. Source: Jinshi Data 2. On July 21, Oracle's natural gas pipeline application was rejected by the Mexican state government, affecting its data center power construction and leading to a drop in stock price. Source: MoneyDJ On July 21, Mizuho Securities reiterated Oracle's "Outperform" rating, believing that its stock has an attractive risk/reward ratio and upward potential. Source: Investing.com Technology stocks are generally under pressure, with the market skeptical about AI investment returns. **Stocks ranked among the top in industry market capitalization** Palo Alto Networks fell 3.95%. Based on recent key news: 1. On July 21, Goldman Sachs raised the target price for Palo Alto Networks to $371, believing that increased AI spending will benefit the security sector. This move boosted market confidence in the stock, although enterprise AI agent deployment is still in its early stages. Source: Investing.com 2. On July 20, investors shifted towards biotechnology, cybersecurity, and insurance stocks due to their strong growth prospects and profitability. Palo Alto Networks benefited from increased demand for security platforms. Source: Zhitong Finance 3. On July 18, Capital One upgraded Palo Alto Networks to "Overweight," raising the target price to $421, expecting the company to benefit from increased demand for AI infrastructure and rising cybersecurity spending. Source: Zhitong Finance The cybersecurity industry is driven by AI spending, with an optimistic outlook ### Related Stocks - [HQ.US](https://longbridge.com/en/quote/HQ.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [PANW.US](https://longbridge.com/en/quote/PANW.US.md) ## Related News & Research - [Horizon Quantum Holdings (HQ) Receives a Rating Update from a Top Analyst](https://longbridge.com/en/news/294856522.md) - [Peak XV Partners Seed Investment Discloses Investment at Horizon Quantum Holdings with 20.3% Stake](https://longbridge.com/en/news/292244980.md) - [Horizon Quantum Announces Participation in Upcoming Investor Conferences | HQ Stock News](https://longbridge.com/en/news/285935489.md) - [Singapore’s Horizon Quantum lists in US after merging with dMY Squared](https://longbridge.com/en/news/280262330.md) - [Horizon Quantum Computing Pte. 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