U.S. Stock Market Midday Update
Stocks with High Trading Volume in the Industry
Google-A fell 1.48%, with increased trading volume. According to recent important news:
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On September 23, Google faced an antitrust trial in the U.S., with the Department of Justice demanding the sale of its advertising trading platform AdX, which could significantly impact its advertising business. The progress of this case has raised market concerns about Google's future business model, leading to a decline in stock price.
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On September 24, the European Union launched a regulatory investigation into financial fraud involving Google, highlighting the importance placed on tech giants in preventing cybercrime, which may affect its business operations.
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On September 24, Deutsche Bank reported that technology spending is crucial for U.S. economic growth, and the capital expenditure growth of tech giants like Google may have peaked, negatively impacting market confidence. The tech industry is facing regulatory pressure, leading to increased market volatility.
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Meta fell 0.10%, with increased trading volume. According to recent important news:
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On September 23, Meta launched three new AI smart glasses at the Connect conference, with the market holding an optimistic view on its AI device strategy, expecting the adoption rate of smart glasses to reach a critical point by 2026, driving stock price fluctuations. Data source: Citigroup research report.
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On September 22, Meta announced new features for Facebook Dating, including an AI dating assistant and Meet Cute, aimed at enhancing user experience; however, the stock price still fell by 1.7%. Data source: company statement.
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On September 23, Meta's short interest decreased by 12.5%, indicating increased market confidence in its future performance, leading to heightened stock price volatility. Data source: exchange report. The rapid development of AI devices has boosted market confidence.
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Google-C fell 1.45%, with increased trading volume. According to recent important news:
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On September 23, Google made new progress in optical switch technology, testing a piezoelectric ceramic-based solution to enhance AI supercomputing cluster performance, driving stock price fluctuations. Data source: industry analysis.
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On September 22, Google faced an antitrust lawsuit from the U.S. Department of Justice, demanding the sale of its advertising trading platform AdX, creating uncertainty about the future of its advertising business, affecting stock price. Data source: Department of Justice documents.
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On September 24, Google announced the expansion of AI Plus to 40 countries, showcasing its plans for expansion in the AI field, boosting market confidence. Data source: company announcement. Tech stocks are influenced by policies and innovations, leading to volatility.
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Stocks with High Market Capitalization in the Industry
Baidu rose 7.49%, with a market capitalization of $46.4 billion. According to recent important news:
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On September 22, Baidu Cloud announced the full opening of registration for its overseas version and upgraded its AI features, driving the stock price up. Baidu Cloud's AI monthly active users surpassed 80 million, enhancing market confidence in its AI capabilities
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On September 22, Baidu received a 1 billion yuan AI project order from China Mobile. The successful bid for the Kunlun chip has raised market expectations for Baidu's AI business, resulting in a rise in stock prices.
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On September 24, ARK Investment Management increased its holdings in Baidu stocks, with a total value of approximately 47 million USD, demonstrating confidence in Baidu's AI business and further driving up stock prices. The Hang Seng Tech Index surged, with a positive AI narrative
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Super League Enterprise fell 17.27%; Google-A fell 1.48%, with a transaction volume of USD 2.975 billion; Meta fell 0.10%, with a transaction volume of USD 2.875 billion; Google-C fell 1.45%, with a transaction volume of USD 1.763 billion; Baidu rose 7.49%, with a market value of USD 46.4 billion

U.S. stock market update: Super League Enterprise down 17.27%