U.S. Stock Market Midday Update

The9 rose 9.09%. Based on recent key news:

1. On August 24, The9 released its Q2 2026 financial report, with net revenue increasing by 39% year-on-year to $32 million, primarily benefiting from the recognition of the 9BIT token and the expansion of its platform ecosystem. This financial performance drove the stock price up.

2. On August 24, The9 announced that its NYB investment is about to be listed on NASDAQ, which is expected to significantly increase the company's value. This news boosted market confidence in the company's future growth, further driving up the stock price.

3. On August 24, The9's The9bit platform surpassed 8 million users, with the number of game creations reaching 110,000. With the launch of in-game purchases, the market outlook is strong. This news of platform growth had a positive impact on the stock price. The technology industry is experiencing strong growth, with significant capital inflows.

Stocks with High Trading Volume in the Industry

Intuit fell 3.59%. Based on recent news:

1. On August 26, Intuit released its Q4 earnings report. Although the quarterly report exceeded expectations, the revenue and profit guidance for fiscal year 2027 fell far below Wall Street expectations, leading to a pre-market drop of 11.8% in the stock price. Intuit expects fiscal year 2027 revenue to be between $23.28 billion and $23.51 billion, lower than the analyst expectation of $23.72 billion; adjusted earnings per share are estimated to be between $22.88 and $23.12, significantly below the analyst expectation of $27.30. The market believes the company faces multiple challenges, including intensified AI competition, customer loss in its core product TurboTax, and stagnation in Mailchimp growth.

2. On August 26, Intuit's stock price plummeted 9.3% in after-hours trading, and as of Tuesday's close, it has accumulated a decline of 46% for the year. The company expects revenue growth of 9% to 10% for the fiscal year starting August 1, between $23.28 billion and $23.51 billion, while the market expectation is $23.7 billion. Despite the Q4 results being better than expected, the weak outlook for fiscal year 2027 led to a sharp decline in the stock price.

3. On August 26, Intuit's stock price fell about 7% to $11 in after-hours trading. The market is dissatisfied with the total revenue and profit guidance for the next fiscal year being below expectations, especially with significantly weak growth expectations for its tax and email marketing businesses. A deeper look reveals that Wall Street's pessimism stems from the erosion of the company's core fundamentals. The software industry is performing well overall, but AI competition is intensifying.

Palantir Tech rose 2.67%. Based on recent key news:

1. On August 26, Palantir's government business grew due to conflicts in Ukraine and the Middle East, with increased AI investment in the U.S. driving its development. Analysts expect a 58% annual revenue growth rate from 2025 to 2028. Source: HKMoneyClub

2. On August 24, institutional investors and insiders continued to sell Palantir shares, with ARK Invest selling over $27 million, impacting the stock price. Source: Benzinga

3. On August 25, Palantir's Chief Accounting Officer sold 3,305 shares of common stock at a trading price between $172.65 and $176.31, potentially affecting market confidence. Source: Public Technologies AI industry growth is strong, but macroeconomic uncertainty is increasing.

Strategy fell 2.99%, with active trading. Based on recent key news:

1. On August 26, MSCI considered removing Strategy from the global stock index, which could affect its Bitcoin holding financing model, leading to a drop in stock price. Source: Zhitong Finance

2. On August 24, Strategy raised approximately $2 billion through stock sales to establish a new dollar cash pool to enhance liquidity, with a slight pre-market increase in stock price. Source: Golden Finance

3. On August 25, Canaccord Genuity raised Strategy's target price to $175, maintaining a "Buy" rating, with the stock price rising over 4% during the day. Source: Zhitong Finance Bitcoin rebounded, with complex market sentiment.

Stocks ranked among the top in industry market capitalization

SAP fell 3.22%, with increased trading volume. Based on recent key news:

1. On August 26, UBS downgraded SAP's rating from "Buy" to "Neutral," setting a target price of €201. This move caused SAP's stock price to drop by about 3%.

2. On August 26, SAP board member Thomas Heinrich Saueressig purchased company shares, showing internal confidence, but failed to prevent the stock price from falling.

3. On August 27, American software company Intuit released disappointing forecasts, dragging down SAP's stock price by 2.9%. The software sector is under pressure, facing challenges in the industry