U.S. stock market update: Horizon Quantum down 7.37%, volatility due to upcoming earnings report and restructuring expectations

U.S. Stock Market Midday Update

Horizon Quantum fell 7.37%. Based on recent key news:

1. On July 21, Horizon Quantum announced it will release its second-quarter financial report on August 4 and hold a conference call to discuss performance and future business prospects. The market has shown high interest in the upcoming financial report, leading to stock price fluctuations.

2. On July 22, the company's management stated that they are restructuring their high-end skincare product line and distribution channels to maintain profit margins. The market is cautiously observing the effects of these strategic adjustments, impacting the stock price.

3. No other significant news recently. The quantitative application software industry is experiencing increased volatility.

Top Stocks by Industry Trading Volume

Microsoft fell 2.33%, with increased trading volume. Based on recent key news:

1. On July 22, Morgan Stanley raised its revenue forecast for Microsoft Copilot, expecting approximately $4.4 billion in revenue for the fiscal year 2026, driving stock price fluctuations. Source: Morgan Stanley

2. On July 21, Microsoft's commercial backlog nearly doubled, with about a quarter of orders expected to be recognized as revenue within the next 12 months, enhancing market expectations for its long-term growth. Source: Bank of America

3. On July 20, global semiconductor stocks generally fell sharply, increasing market concerns about the cyclical volatility of semiconductors, affecting Microsoft's stock price. Source: Jin10 Data AI demand is growing, with significant capital flows, and risks need to be monitored.

Nebius rose 2.89%. Based on recent news:

1. On July 21, NVIDIA disclosed it holds a 9.3% stake in Nebius, driving the stock price up. NVIDIA's holdings include a previously announced $2 billion investment, and the market reacted positively to this news, with Nebius's stock price rising by as much as 6.84% during the session.

2. On July 21, Northland Securities raised Nebius's target price from $248 to $410 and maintained an outperform rating. The investment bank expects the company's revenue to grow 41 times from 2025 to 2028, outpacing its peers.

3. On July 21, Bloom Energy announced it has secured $1.7 billion in project investment to provide exclusive power solutions for Nebius. This move aims to meet Nebius's growing AI computing power demands, further boosting market confidence in its future development. The AI infrastructure industry has performed strongly recently.

ServiceNow fell 6.61%. Based on recent key news:

1. On July 23, ServiceNow is about to release its second-quarter financial report, with the market expecting earnings per share of $0.85 and revenue of $3.93 billion. Investors are concerned about whether it can meet expectations, leading to a decline in stock price. Source: Benzinga

2. On July 21, Lyon Securities rated ServiceNow as "underperform" with a target price of $72, believing its valuation is too high and that the slowing demand for AI tools may impact its performance. Source: Zhitong Finance

3. On July 22, the market expressed doubts about whether ServiceNow's AI tools could drive business growth, with analysts concerned that the costs of AI infrastructure might exceed revenue growth, putting pressure on the stock price. Source: Benzinga The software industry faces AI challenges, increasing valuation pressure.

Stocks ranked among the top in industry market capitalization

Oracle fell 1.74%. Based on recent key news:

1. On July 21, Oracle's application for a natural gas pipeline in the state of Mexico was rejected, affecting its AI data center power construction and leading to a drop in its stock price. Bloom Energy's stock also fell in tandem. Source: MoneyDJ News

2. On July 21, S&P downgraded Oracle's credit rating to BBB-, increasing financing difficulties and costs, raising market concerns about its AI investment returns. Source: Financial Times

3. On July 21, a UBS report indicated that the sell-off of momentum stocks is nearing its end, with funds beginning to return to AI concept stocks, and Oracle was included in the momentum stock portfolio. Source: UBS report The software industry faces AI transformation, investors are on the sidelines