--- title: "U.S. stock market update: TeraWulf down 11.65%, increased holdings by directors and supervisors unable to save the market, AI transformation pains put pressure on stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/296260629.md" description: "Terawulf fell 11.65%; Palantir Tech rose 0.08%, with a transaction volume of USD 3.089 billion; IREN fell 6.37%, with a transaction volume of USD 1.25 billion; S&P 500 rose 3.83%, with a transaction volume of USD 1.1 billion; SAP rose 2.14%, with a market value of USD 245 billion" datetime: "2026-08-18T18:54:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296260629.md) - [en](https://longbridge.com/en/news/296260629.md) - [zh-HK](https://longbridge.com/zh-HK/news/296260629.md) generator: "portal-rs" --- # U.S. stock market update: TeraWulf down 11.65%, increased holdings by directors and supervisors unable to save the market, AI transformation pains put pressure on stock price **U.S. Stock Market Midday Update** Terawulf fell 11.65%, with increased trading volume. Based on recent key news: 1. On August 18, Terawulf director Michael C. Bucella purchased 5,883 shares of common stock in the open market, at prices between $16.54 and $17.47. This move shows internal confidence in the stock but failed to prevent the decline in share price. 2. On August 18, as Bitcoin prices fell and mining yields continued to be under pressure, Bitcoin mining companies shifting towards AI and high-performance computing received higher valuations and more stable income expectations. Terawulf's stock price was affected by this decline. 3. On August 17, Terawulf's financial report indicated that the adjusted SG&A for the year is expected to be between $75 million and $100 million, with adjusted EBITDA currently negative. The company still expects existing liquidity and Abernathy revenues to cover obligations for multiple projects, but short-term cash flow pressure is significant, leading to downward pressure on the stock price. Bitcoin prices are falling, and mining companies are transitioning to AI. **Stocks with High Trading Volume in the Industry** Palantir Tech rose 0.08%. Based on recent key news: 1. On August 17, Palantir co-founder Peter Thiel made a large investment in Vista Energy through Thiel Macro, showing interest in the energy sector, which may have diverted attention from Palantir. 2. On August 17, market analysis pointed out that Palantir's valuation multiple is as high as 53 times, making it one of the highest-valued stocks on Wall Street, which may raise concerns among investors about the sustainability of its future growth. 3. On August 16, Palantir's quarterly revenue grew by 93%, but institutional investors hold 66.8% of short positions, indicating market concerns about its high valuation. The AI industry is growing rapidly, and valuation pressure is evident. IREN fell 6.37%, with increased trading volume. Based on recent key news: 1. On August 18, the decline in Bitcoin prices and pressure on mining yields led companies like IREN to shift towards AI and high-performance computing, receiving higher valuations and stable income expectations. CoinShares data shows that the AI/HPC contract size has reached approximately $70 billion, driving stock price volatility. 2. On August 17, industry competition intensified, with companies like Riot Platforms entering the market, and the options market showed high volatility, with expectations that IREN's stock price will experience double-digit fluctuations after the earnings report is released. 3. On August 16, IREN's collaboration with Microsoft began to generate profits, reducing reliance on issuing corporate bonds and enhancing financial stability. The AI transition is accelerating, competition in the industry is intensifying, and capital flows are significant Salesforce rose 3.83%. Based on recent key news: 4. On August 18, Salesforce expressed intentions to acquire the human resources technology company Darwinbox in collaboration with Microsoft and ADP, driving up its stock price. This move demonstrates Salesforce's proactive attitude towards expanding its business scope, enhancing market confidence in its future growth. 5. On August 18, Citigroup raised Salesforce's target price to $204, reflecting analysts' optimistic expectations for its future performance. Target price increases typically attract investor attention, driving up stock prices. 6. On August 19, Salesforce faced downgrades from Morgan Stanley and KeyBanc; however, the market still maintains a positive outlook on its long-term growth potential. Downgrades may exert pressure on short-term stock prices but failed to prevent the overall rise in stock prices. The SaaS industry is experiencing active mergers and acquisitions, with significant capital inflows. **Stocks ranked among the top in industry market capitalization** SAP rose 2.14%. Based on recent news: 1. On August 17, SAP SE launched a new module that successfully completed 100 full user equivalent assessments. This innovative approach is based on actual user activities rather than allocated access levels, driving up SAP's stock price. 2. On August 17, Soterion announced the provision of free SAP FUE assessments to help organizations optimize SAP licensing. This initiative has enhanced market confidence in SAP products, further driving up stock prices. 3. On August 18, SAP announced new technology stack and engineering platform practices, including agent runtime, orchestration, memory, governance, security, and observability platforms. The launch of these new technologies has elevated investor expectations for SAP's future growth, promoting an increase in stock prices. The industry is performing well overall, with significant capital inflows ### Related Stocks - [WULF.US](https://longbridge.com/en/quote/WULF.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [IREN.US](https://longbridge.com/en/quote/IREN.US.md) - [CRM.US](https://longbridge.com/en/quote/CRM.US.md) - [SAP.US](https://longbridge.com/en/quote/SAP.US.md) ## Related News & Research - [What's Going On With TeraWulf Stock Monday?](https://longbridge.com/en/news/296817033.md) - [Terawulf director Michael C. Bucella acquires $100,000 of common shares](https://longbridge.com/en/news/296150731.md) - [Weekly Recap: $32M HPC, $27B AI backlog and 102MW, 168MW contracted](https://longbridge.com/en/news/295400478.md) - [Janus Henderson Group PLC Has $2.04 Million Stock Holdings in TeraWulf Inc. $WULF](https://longbridge.com/en/news/295319646.md) - [Chardan Capital Reiterates "Buy" Rating for TeraWulf (NASDAQ:WULF)](https://longbridge.com/en/news/295022225.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**