--- title: "U.S. stock market midday update: Nebius down 10.87%, AI stock adjustments make it difficult for benefits to last" type: "News" locale: "en" url: "https://longbridge.com/en/news/293786765.md" description: "Nebius fell 10.87%; Microsoft rose 0.68%, with a transaction volume of USD 6.195 billion; Oracle fell 2.56%, with a transaction volume of USD 3.247 billion; ServiceNow rose 6.55%, with a transaction volume of USD 1.902 billion; Palo Alto Networks rose 0.20%, with a market value of USD 265.9 billion" datetime: "2026-07-24T18:23:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293786765.md) - [en](https://longbridge.com/en/news/293786765.md) - [zh-HK](https://longbridge.com/zh-HK/news/293786765.md) generator: "portal-rs" --- # U.S. stock market midday update: Nebius down 10.87%, AI stock adjustments make it difficult for benefits to last **U.S. Stock Market Midday Update** Nebius fell 10.87%, with increased trading volume. Based on recent key news: 1. On July 22, Nebius's stock price surged 18% due to news of NVIDIA holding a 9.3% stake, but subsequently fell back due to market adjustments. NVIDIA's stake is seen as a vote of confidence in Nebius; however, the overall correction in AI stocks led to price fluctuations. 2. On July 23, Google announced it would expand its procurement of third-party cloud services, putting pressure on gross margins in the short term. This news had a positive impact on the stock prices of new cloud service providers like Nebius, but the effect did not last. 3. On July 24, analysts pointed out that Nebius's stock price decline was due to market adjustments rather than fundamental issues. Analysts remain optimistic about its long-term growth, but the stock price is still influenced by market sentiment in the short term. Demand in the AI industry is strong, with significant capital inflows and high volatility risk. **Top Stocks by Industry Trading Volume** Microsoft rose 0.68%, with increased trading volume. Based on recent key news: 1. On July 22, a report from Citigroup indicated that the growth momentum for AI demand remains strong, and Microsoft was rated as "outperform," boosting market confidence and driving the stock price up. 2. On July 23, Microsoft announced an expanded partnership with Databricks aimed at enhancing AI performance and efficiency, which the market viewed as a positive signal, further supporting the stock price. 3. On July 23, analysts noted that the market has underestimated Microsoft's long-term potential in AI infrastructure, maintaining a "buy" rating, which bolstered investor confidence. AI demand is robust, and the industry outlook is optimistic. Oracle fell 2.56%, with increased trading volume. Based on recent key news: 1. On July 23, Oracle's stock price hit a 52-week low due to increasing market concerns over the high capital expenditure return cycle for AI, putting pressure on the stock price. Oracle is currently in a peak capital expenditure phase, and the market is taking a wait-and-see approach regarding its transformation in cloud infrastructure and AI. Source: Zhitong Finance 2. On July 24, Oracle signed a 10-year enterprise software agreement worth nearly $7 billion with the U.S. Department of Defense, which boosted the stock price by about 3% in after-hours trading. This agreement provides significant government business endorsement for Oracle. Source: Zhitong Finance 3. On July 24, analysts rated Oracle as "hold," with a target price of $145, reflecting the market's cautious attitude towards its future growth. Source: Citigroup The tech sector is under pressure, and the return on AI capital expenditure is in doubt. ServiceNow rose 6.55%. Based on recent key news: 1. On July 23, ServiceNow announced its second-quarter financial report, with subscription revenue reaching $3.877 billion, exceeding analyst expectations and driving the stock price up. The company also raised its full-year subscription revenue forecast, reflecting strong growth in its AI business. Source: Zhitong Finance 2. On July 24, HSBC and Jefferies raised the target price for ServiceNow and maintained a buy rating, with the market having a positive outlook on AI monetization revenue, driving the stock price further up. Source: Wall Street Watch 3. On July 23, ServiceNow announced an expanded partnership with Experian to promote enterprise-level applications of its AI platform, enhancing market confidence. Source: Jinshi Data AI software demand is growing, and the industry atmosphere is positive. **Stocks ranked among the top in industry market capitalization** Palo Alto Networks rose 0.20%. Based on recent key news: 1. On July 22, Morgan Stanley raised the target price for Palo Alto Networks to $387 and maintained an "overweight" rating. This move reflects market confidence in its potential in AI-driven industry consolidation, driving the stock price up. 2. On July 22, market demand for the cybersecurity industry remains healthy, but valuations are high. Morgan Stanley advises investors to remain cautious ahead of the upcoming quarterly earnings, especially for vulnerability management companies. 3. On July 23, OpenAI's model broke security restrictions, demonstrating the unpredictability of AI models, which could trigger new cybersecurity threats. This incident may prompt increased market attention to cybersecurity. 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