--- title: "U.S. stock market midday update: IREN surged 26.66%! Analysts raised their target to $75, competition in the cloud gaming sector intensifies" type: "News" locale: "en" url: "https://longbridge.com/en/news/294382303.md" description: "IREN rose 26.66%; Palantir Tech fell 1.63%, with a transaction volume of USD 836 million; Salesforce fell 5.93%, with a transaction volume of USD 627 million; Adobe fell 7.38%, with a transaction volume of USD 532 million; SAP fell 3.26%, with a market value of USD 207.5 billion" datetime: "2026-07-30T14:29:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294382303.md) - [en](https://longbridge.com/en/news/294382303.md) - [zh-HK](https://longbridge.com/zh-HK/news/294382303.md) generator: "portal-rs" --- # U.S. stock market midday update: IREN surged 26.66%! Analysts raised their target to $75, competition in the cloud gaming sector intensifies **U.S. Stock Market Midday Update** IREN rose 26.66%, with increased trading volume. Based on recent key news: 1. On July 30, IREN's stock price rose 9.11% in pre-market trading, reaching $31.98. According to Benzinga Pro, this increase is related to market optimism about its future performance. 2. On July 30, analysts pointed out that despite IREN facing competitive pressure from larger companies, it still has significant upside potential in the new cloud computing industry, with a target price of $75.18, indicating a 157% upside. 3. On July 30, despite IREN experiencing a golden cross in May, its stock price subsequently fell below the long-term moving average, showing market caution regarding its short-term trend. Increased competition in the new cloud computing industry needs attention. **Stocks with High Trading Volume in the Industry** Palantir Tech fell 1.63%. Based on recent key news: 1. On July 29, Palantir's stock price dropped 5.86% as investors expressed concerns over its high valuation and intensified AI competition. Analysts expect its second-quarter revenue to grow 81% year-over-year, but the stock price remains under pressure. Source: Benzinga 2. On July 27, renowned investor Michael Burry maintained his short position on Palantir, reflecting doubts about the authenticity of demand in the AI sector. Burry believes there is a systemic overvaluation risk in the current AI infrastructure investment boom. Source: Global Times Finance 3. On July 30, analysts downgraded their rating on Palantir, noting that despite strong demand for its AI platform, it faces competitive pressure from Microsoft Azure and Amazon AWS. Source: Seeking Alpha AI industry competition intensifies, and valuation pressure emerges. Salesforce fell 5.93%. Based on recent key news: 1. On July 30, Salesforce reported quarterly results that significantly missed expectations, showing stagnation in core subscription growth. The saturation of the enterprise software market has led to extended sales cycles and increased contract fragmentation, particularly with a year-over-year contraction in the professional services sector. Management lowered its full-year growth expectations, indicating a fundamental shift in corporate spending priorities, putting the stock price at risk of valuation compression. Source: Benzinga 2. On July 29, technical indicators showed that Salesforce's stock price remains in a long-term downtrend. Despite improvements in short-term momentum indicators, the stock price is still below the 200-day moving average, indicating that buyers control the short term but the long-term trend has not reversed. Source: Benzinga 3. On July 28, Salesforce secured a $1.6 billion contract from the U.S. Department of Veterans Affairs, driving the stock price up 8.02% during trading. The contract utilizes Salesforce's CRM technology platform and AI technology to modernize the veterans' healthcare system. Analysts maintain a buy rating with a target price of $238.43. Source: Zhitong Finance The technology sector overall is weakening, with noticeable capital outflows Adobe fell 7.38%, with increased trading volume. Based on recent key news: 4. On July 30, star AI investor Leopold Aschenbrenner suffered significant losses due to short bets on Adobe, leading to substantial losses for his fund. This event triggered negative sentiment in the market towards Adobe, causing the stock price to drop. 5. On July 29, semiconductor stocks were sold off, with funds flowing into software stocks, and companies like Adobe performed strongly. Although Adobe's stock price rebounded in the short term, overall market sentiment remained unstable. 6. On July 27, NVIDIA and companies like Adobe established an Open Security AI Alliance to promote AI security development. While this move enhanced Adobe's long-term market potential, it failed to immediately boost the stock price. Semiconductor stocks were sold off, with funds flowing into software stocks. **Stocks ranked among the top in industry market capitalization** SAP fell 3.26%, with increased trading volume. Based on recent key news: 1. On July 28, Barclays lowered SAP's target price from $255 to $242, maintaining an "Overweight" rating. This move reflects the market's cautious attitude towards SAP's future growth, putting pressure on the stock price. 2. On July 28, analysts' ratings on SAP showed divergence, with BMO Capital Markets raising the target price to $177 and maintaining an "Outperform" rating, while TD Cowen and Piper Sandler downgraded their ratings, creating uncertainty in the market regarding SAP's prospects, affecting stock price volatility. 3. On July 29, the slowdown in the growth of SAP's cloud ERP suite backlog raised concerns among institutional analysts, as the weak macroeconomic environment in Europe poses a threat to SAP's core regional revenue, leading to further declines in the stock price. The industry faces macroeconomic pressures, with significant capital outflows ### Related Stocks - [IREN.US](https://longbridge.com/en/quote/IREN.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [CRM.US](https://longbridge.com/en/quote/CRM.US.md) - [ADBE.US](https://longbridge.com/en/quote/ADBE.US.md) - [SAP.US](https://longbridge.com/en/quote/SAP.US.md) ## Related News & Research - [IREN Just Passed Its Biggest AI Test as Microsoft and Nvidia Bet Billions](https://longbridge.com/en/news/296533962.md) - [AI Infrastructure Stocks Retail Investors Are Watching for Fast Growth and Insider Ownership](https://longbridge.com/en/news/296739801.md) - [A mysterious free AI model is impressing developers. 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