--- title: "U.S. stock market midday update: 9F drops 11.56% on increased volume, with no negative news but intense capital speculation" type: "News" locale: "en" url: "https://longbridge.com/en/news/296385643.md" description: "9F fell 11.56%; Meta rose 1.51%, with a transaction volume of USD 5.583 billion; Google-A fell 0.08%, with a transaction volume of USD 3.598 billion; Google-C fell 0.11%, with a transaction volume of USD 2.399 billion; Baidu rose 1.55%, with a market value of USD 31.3 billion" datetime: "2026-08-19T17:38:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296385643.md) - [en](https://longbridge.com/en/news/296385643.md) - [zh-HK](https://longbridge.com/zh-HK/news/296385643.md) generator: "portal-rs" --- # U.S. stock market midday update: 9F drops 11.56% on increased volume, with no negative news but intense capital speculation **U.S. Stock Market Midday Update** 9F Group, down 11.56%, with increased trading volume and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Meta up 1.51%. Based on recent news, 1. On August 18, Meta was jointly sued by 29 states in the U.S. for allegedly inducing addiction in teenagers, with the case set to be heard in Oakland, California. This news caused Meta's stock price to drop by about 4.5%. 2. On August 17, Wall Street investor Doug Kass significantly adjusted his holdings, re-establishing a position in Meta and increasing his stake in Amazon, showing confidence in tech stocks. This move pushed Meta's stock price up. 3. On August 19, Meta's significant weight in ETFs affected its stock price due to ETF capital inflows and outflows. Meta's stock price rose by 1.37%. Overall, tech stocks performed weakly, with significant capital flow. Google-A, down 0.08%, with a trading volume of $3.598 billion and increased trading volume. Based on recent key news: 1. On August 19, Google reached a custom chip cooperation with Marvell Technology and issued warrants to Google, allowing it to purchase approximately $12.18 billion worth of Marvell Technology shares. This news boosted Marvell Technology's stock price, but Google did not significantly benefit. 2. On August 19, Google agreed to acquire some corporate data from the bankrupt airline Spirit Airlines for $10 million to improve its products and AI models. This move shows Google's continued investment in AI, but it did not immediately reflect in the stock price. 3. On August 18, Google won a bankruptcy auction, successfully acquiring a large amount of de-identified commercial data, software code, and operational records from Spirit Airlines, planning to use these assets to further optimize its artificial intelligence technology. This news did not significantly impact the stock price. Continued investment in the AI field and supply chain diversification strategy. Google-C down 0.11%. Based on recent key news: 1. On August 19, Google reached a custom chip cooperation with Marvell Technology, driving stock price fluctuations. Google received warrants allowing it to purchase approximately $12.18 billion worth of Marvell Technology shares, with Marvell Technology's stock price soaring nearly 13%. Source: Zhitong Finance 2. On August 18, Google acquired data from Spirit Airlines in a bankruptcy auction, planning to optimize AI technology. This move may enhance Google's AI capabilities and affect market expectations. Source: Zhitong Finance 3. On August 18, Google plans to relocate its Pixel phone production line out of China to Vietnam and India to reduce geopolitical risks. This move may affect the supply chain and production costs. Source: Zhitong Finance The tech industry accelerates AI chip development, increasing risks **Stocks Ranked Among the Top in Industry Market Value** Baidu rose 1.55%, with increased trading volume. Based on recent key news: 1. On August 18, Baidu announced its second-quarter results, with revenue of 31.3 billion yuan, a year-on-year decrease of 4%, falling short of market expectations. Despite strong growth in AI business, weak advertising performance led to poor overall results, causing the stock price to drop over 5% in pre-market trading. Source: Zhitong Finance 2. On August 19, Morgan Stanley downgraded Baidu's rating to "Underweight," with a target price reduced to $80, reflecting concerns over the company's increased AI investments. This move further pressured the stock price. Source: Jinshi Data 3. On August 19, Baidu announced the advancement of its dual primary listing conversion in Hong Kong, expected to take effect within the year, which may attract more southbound capital participation and help enhance the company's valuation in the long term. Source: Zhitong Finance AI business growth is strong, but advertising weakness affects performance ### Related Stocks - [JFU.US](https://longbridge.com/en/quote/JFU.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) ## Related News & Research - [Wall Street keeps asking how much Meta will spend. 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