U.S. stock market update: D-Wave Quantum down 8.98%, analysts downgrade rating amid bubble concerns

U.S. Stock Market Midday Update D-Wave Quantum fell 8.98%. Based on recent news, On December 24, Evercore ISI Group analysts downgraded D-Wave Quantum's rating to outperform, with a target price of $44. Analysts from Wedbush and Jefferies also lowered their ratings and target prices, reflecting the market's cautious attitude towards the company, leading to a decline in stock price. On December 24, some analysts suggested that the hype around quantum computing stocks might be a bubble, similar to Cisco in the early internet era, predicting that D-Wave Quantum's stock price could significantly drop by 2026, further pressuring the stock price with this negative outlook. On December 23, despite reports that D-Wave Quantum's stock might enter a new upward trend, the market remained skeptical about its future performance, causing stock price fluctuations. There is a bubble risk in the quantum computing industry, and investments should be approached with caution. Stocks with High Trading Volume in the Industry Palantir Tech fell 1.67%. Based on recent key news: On December 26, analyst Gil Luria pointed out that Palantir's earnings performance was strong and raised the full-year guidance driven by the AI boom. Despite high valuations, retail investors remain confident in its future performance, leading to stock price fluctuations. On December 25, Michael Burry disclosed a short position on Palantir, attracting market attention. Despite institutional investors being cautious, retail investors are still actively buying, believing the stock has long-term potential. On December 24, retail investors' preference for AI-related stocks continued to increase, driving up Palantir's stock price. Retail investors' trading activity accounted for a significant proportion, becoming an important factor in stock price fluctuations. The AI industry continues to attract attention, with significant capital inflows. Strategy fell 0.31%. Based on recent key news: On December 24, Strategy paused Bitcoin purchases to increase cash reserves, causing the stock price to hit a 52-week low. Despite significant declines in both Bitcoin and Strategy's stock price, Executive Chairman Michael Saylor remains optimistic about Bitcoin and has no plans to sell. Analysts believe the market has entered a "crypto winter," with digital asset prices remaining low for the long term. Source: Zhitong Finance On December 25, Strategy's price-to-earnings ratio is below the software industry average, potentially undervalued. Although a low P/E ratio may indicate weak growth prospects or financial instability, investors remain optimistic about future dividend growth. Source: Wall Street Insights On December 26, the U.S. government and banking system support Bitcoin, which is expected to form a strategic Bitcoin reserve. Analysts believe this is extremely favorable for this year and 2026. Source: Jinshi Data Bitcoin price fluctuations affect the stock market, and risks should be monitored BitMine Immersion Tech fell by 2.84%. Based on recent news, On December 24, BitMine's associated address purchased 6,678 ETH through BitGo, worth $19.63 million. This move indicates the company's continued activity in the cryptocurrency market, which may raise concerns about its financial condition, leading to a decline in stock price. On December 24, BitMine, under Tom Lee, again bought 67,886 ETH, worth approximately $201 million. Although the large-scale purchase demonstrates confidence in Ethereum, the market may worry about its excessive reliance on a single asset, putting pressure on the stock price. On December 24, according to strategicethreserve data, BitMine holds 4.07 million ETH, valued at approximately $1.197 billion. Despite the large holding, market concerns about the risks associated with its position may lead to stock price fluctuations. The cryptocurrency market is highly volatile, and cautious investment is required. Stocks ranked at the top of the industry market capitalization SAP rose by 0.15%, with increased trading volume. There have been no significant news recently; trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. no_news