U.S. stock night market volatility: Nebius fell 3.41% in after-hours trading, high spending raises financing concerns, analysts raise target price

U.S. Stock Night Market Movements

Nebius fell 3.41% in the night market. Based on recent key news:

1. On August 21, analysts raised Nebius's 2026 EPS estimate from -$2.53 to -$2.28, with a target price of $281. This adjustment reflects market expectations for improved future profitability, but failed to prevent the stock price from declining.

2. On August 21, concerns about Nebius's strategic costs emerged, with investors believing that the company's quarterly expenditure of $5.7 billion may require further financing, putting pressure on the stock price.

3. On August 22, trading activities by Citadel triggered market volatility. Although the likelihood of a complete collapse in the AI industry is low, individual stocks still face short-term pressure. The investment frenzy in the AI industry continues, with increased risks.

Top Stocks by Industry Trading Volume

Microsoft rose 0.05% in the night market. Based on recent key news:

1. On August 21, Microsoft announced its fourth-quarter earnings report, exceeding expectations for the 14th consecutive time, with cloud business revenue growing by 27%. This performance boosted market confidence in Microsoft, leading to a slight increase in stock price.

2. On August 23, NVIDIA announced that prices for its AI chip servers would rise by over 15%, affecting major data center operators like Microsoft. This news may raise market concerns about rising costs for Microsoft, suppressing further stock price increases.

3. On August 22, analysts had differing views on Microsoft's long-term valuation, but overall leaned positively, with a target price approximately 17.84% higher than the current closing price. This analyst rating supported the stable performance of Microsoft's stock. Uncertainty remains regarding AI investment returns, which requires attention.

Oracle fell 0.31% in the night market. Based on recent news:

1. On August 21, Oracle proposed the AIBS methodology, transforming AI from projects into customer-replicable underlying capabilities through the FDE team, enhancing database effectiveness and customer satisfaction. However, the market reaction was tepid, and the stock price did not see significant increases.

2. On August 23, NVIDIA notified some major clients that due to soaring storage chip costs, prices for servers equipped with its AI chips would rise by over 15%, impacting the cost structure for data center operators like Oracle, leading to a decline in stock price.

3. On August 24, Bloom Energy expanded its cooperation with Oracle, with a fuel cell power supply framework of up to 2.8 GW. Despite the promising cooperation outlook, it failed to immediately boost the stock price. Rising costs in AI infrastructure have intensified market volatility.

ServiceNow fell 0.58% in the night market. Based on recent key news:

1. On August 21, ServiceNow's stock price rose by 2.93%, closing at $130.93. Analysts pointed out that as the stock price approached the 200-day moving average, trend followers might defend, leading to an increase in stock price

2. On August 21, ServiceNow's stock price closed at $129.75, up 2%. Analysts believe that ServiceNow's high growth and high volatility path is attractive, although the integration of Armis may bring some drag.

3. On August 23, MarketBeat pointed out that although ServiceNow is rated as a moderate buy, top analysts are more optimistic about five other stocks, which may affect investor confidence. The SaaS industry is facing challenges in AI transformation, leading to increased volatility