U.S. stock market midday update: Atlassian up 8.96%: Q4 first net profit, driven by AI and buybacks

U.S. Stock Market Midday Update

Atlassian rose 8.96%, with increased trading volume. Based on recent key news:

1. On August 27, RBC Capital analyst Matthew Hedberg began coverage of Atlassian, giving it an outperform rating and setting a target price of $215. This rating reflects market confidence in Atlassian's growth in the AI-driven cloud sector. The company achieved revenue of $1.77 billion in Q4 of fiscal year 2026, a year-on-year increase of 28%, and recorded its first GAAP net profit of $139 million. Cloud business revenue grew by 31%, and AI users surpassed 1 million. Additionally, the company announced a $250 million buyback plan and launched the AI-driven code context tool Code Context.

2. On August 26, Atlassian launched a knowledge graph feature aimed at helping enterprises analyze internal data relationships with AI. The launch of this feature further enhanced market confidence in the company's AI capabilities, driving the stock price up.

3. On August 25, Atlassian's CEO announced plans to purchase up to $250 million of the company's stock, demonstrating strong confidence in the company's future development. This move further boosted investor sentiment and drove the stock price up. The cloud business and AI applications continue to grow, enhancing market confidence.

Stocks with High Trading Volume in the Industry

Salesforce rose 22.12%. Based on recent key news:

1. On August 27, Salesforce announced better-than-expected earnings, causing the stock price to soar 12% after hours. The company reported Q2 revenue of $11.35 billion, with net profit increasing by 87%, and raised its full-year earnings forecast, driving the stock price up. Source: Financial Associated Press

2. On August 27, Salesforce announced an expanded partnership with AI company Anthropic, further enhancing the value of its AI products. This move is seen as key to countering market pressures from AI, boosting investor confidence. Source: BlockBeats

3. On August 27, analysts raised Salesforce's 2027 earnings per share forecast to between $16.67 and $16.71, reflecting market optimism about its future growth. Source: FactSet Software industry earnings expectations have been raised, with significant capital inflows.

Palantir Tech rose 4.74%. Based on recent key news:

1. On August 27, Palantir's stock price rose 43% over the past month, attracting market attention. Analysts believe its technology has been overextended, leading institutional investors to rebalance portfolios and adjust positions, with strong selling resistance encountered between $175 and $180.

2. On August 26, Palantir's government business thrived due to conflicts in Ukraine and the Middle East, prompting the U.S. to increase investments in AI-driven data collection services. Analysts expect its revenue and adjusted EBITDA compound annual growth rates to be 58% and 72%, respectively On August 25, Palantir's Chief Accounting Officer Jeffrey Buckley sold 3,305 shares of common stock, with a trading price between $172.65 and $176.31, which may exert short-term pressure on the stock price. The AI investment boom continues, and market volatility is intensifying.

Strategy rose 11.46%. Based on recent key news:

1. On August 27, Strategy raised $2.01 billion by issuing MSTR common stock, repurchased STRC preferred stock, and established a $6.69 billion liquidity buffer. Although no cryptocurrencies were purchased, the balance sheet was significantly repaired. This move enhanced market confidence in the company's financial stability, driving the stock price up.

2. On August 27, Canaccord Genuity raised Strategy's target price from $130 to $175, maintaining a buy rating. Analysts are optimistic about the newly established $2.01 billion liquidity pool and the rebound momentum of Bitcoin, further boosting investor confidence.

3. On August 25, Strategy sold 18,261,118 shares of MSTR stock between August 17 and 23, raising $2 billion. The funds are used to strengthen the company's liquidity and capital structure, attracting market attention to its financial operations, which positively impacted the stock price. The rebound in Bitcoin has driven strength in cryptocurrency concept stocks.

Stocks ranked among the top in industry market capitalization

SAP rose 4.52%, with a market capitalization of $255.4 billion. Based on recent key news:

1. On August 26, SAP board member Thomas Heinrich Saueressig purchased company shares at a price of €178.3 per share, totaling approximately €267,000. This move demonstrates internal confidence in the company's future development, driving the stock price up.

2. On August 27, UBS downgraded SAP's rating from "Buy" to "Neutral," noting that SAP's progress in AI innovation is slow, which may impact future growth potential. This rating adjustment exerted some pressure on the stock price.

3. On August 28, Bank of America Securities analyst Frederic Boulan reiterated a "Buy" rating on SAP and set a target price of €223, showing market confidence in SAP's long-term growth. The software industry faces challenges in AI development, which requires attention