U.S. Stock Market Midday Update
Applied Digital rose 13.89%. Based on recent key news:
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On December 18, Applied Digital completed a development loan facility with Macquarie Group to support the construction of a new AI factory park. This move enhances the company's investment capability in the AI sector, driving the stock price up. Source: Reuters
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On December 17, Northland Securities analyst Michael Grondahl maintained a buy rating on Applied Digital with a target price of $40. The analyst's positive rating boosted market confidence, propelling the stock price higher. Source: TipRanks
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On December 18, the company announced a conference call scheduled for January 7, 2026, to review financial performance for the period ending November 30, 2025. Market expectations for the company's future performance strengthened, further driving the stock price up. Source: GlobeNewswire AI industry investment is active, with significant capital inflows.
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Stocks with High Trading Volume in the Industry
Coreweave rose 20.27%. Based on recent key news:
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On December 19, CoreWeave announced its participation in the U.S. Department of Energy's Genesis Mission to promote AI and supercomputing innovation, causing the stock price to surge by 15.7%. This move enhanced market confidence in its technological capabilities, driving the stock price up. Source: MarketWatch
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On December 19, Citibank reinstated its rating on CoreWeave, with a target price suggesting the stock price could double. Analysts are optimistic about its future growth potential, further stimulating the stock price increase. Source: Zhitong Finance
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On December 19, competition in the AI chip industry intensified, with strong market demand for computing power. Micron's financial forecast exceeded expectations, boosting related concept stocks, and CoreWeave benefited from the overall positive trend in the industry. Source: Jinshi Data AI industry demand is strong, with significant capital inflows.
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Shopify rose 1.91%. Based on recent key news:
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On December 18, Wells Fargo analysts maintained an overweight rating on Shopify and raised the target price from $125 to $198, driving the stock price up. The analysts' optimistic outlook enhanced market confidence, leading to a price increase.
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On December 17, investors noted that Shopify's merchandise trading volume in Europe grew by 42% in the second quarter, indicating potential for international expansion. However, risks associated with high valuations could lead to stock price volatility. Investors remain optimistic about its long-term growth potential.
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On December 20, technical analysis showed that Shopify's stock price formed diamond and head-and-shoulders patterns, suggesting a potential bearish reversal. Technical indicators such as MACD and RSI also pointed to a possible price correction, which could affect stock price trends
The industry has great expansion potential, but valuation risks need attention.
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Snowflake rose by 0.22%. Based on recent key news:
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On December 18, Snowflake's Chairman Frank Slootman submitted a plan to sell restricted securities involving 200,000 shares. This move may raise market concerns about insider confidence in the company, leading to stock price fluctuations.
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On December 17, several Snowflake executives, including Vice President Raghunathan Vivek and Christian Kleinerman, conducted stock buybacks and sales, indicating internal financial adjustments that may affect investor sentiment.
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On December 18, Wells Fargo analysts maintained an &#34;overweight&#34; rating on Snowflake with a target price of $290, reflecting market confidence in its long-term growth potential. Software stocks are performing weakly, and technical changes need to be monitored.
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Stocks ranked among the top in industry market capitalization
CloudFlare rose by 1.18%. Based on recent news,
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On December 19, Cloudflare released its fifth annual impact report, emphasizing its commitment to enhancing internet speed, security, and sustainability. This report showcased the company's efforts to protect democratic entities from cyberattacks, provide AI content control to journalists and non-profits, and support digital inclusion and economic growth. These positive social responsibility initiatives boosted investor confidence and drove the stock price up.
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On December 17, Cloudflare announced a partnership with JD Cloud to accelerate AI inference deployment and scaling for global developers. This collaboration leverages JD's operational experience and infrastructure capabilities, enhancing Cloudflare's ability to support complex global technology needs. The promising outlook of this partnership has boosted market expectations for Cloudflare's future growth.
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On December 18, Mizuho Securities analyst Gregg Moskowitz maintained a &#34;buy&#34; rating on Cloudflare with a target price of $280. Wells Fargo's Andrew Nowinski also gave a &#34;buy&#34; rating. These positive analyst ratings further strengthened market confidence in Cloudflare. The AI-driven network interaction market is still evolving, and competitive pressures and uncertainties need to be approached with caution
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APLD

Applied Digital rose 13.89%; Coreweave rose 20.27%, with a transaction volume of USD 2.932 billion; Shopify rose 1.91%, with a transaction volume of USD 603 million; Snowflake rose 0.22%, with a transaction volume of USD 379 million; CloudFlare rose 1.18%, with a market capitalization of USD 68.7 billion

U.S. Stock Market Midday Update: AI factory loans boost Applied Digital's stock price by 13.89%