---
title: "U.S. stock market midday update: NFT companies urgently need funds for registration and issuance, stock prices plummet 16.35%, raising market concerns"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278745894.md"
description: "NFT fell 16.35%; Google-A rose 0.96%, with a transaction volume of $2.491 billion; Meta fell 0.40%, with a transaction volume of $1.75 billion; Google-C rose 0.88%, with a transaction volume of $1.203 billion; Baidu fell 0.92%, with a market value of $42.8 billion"
datetime: "2026-03-11T15:13:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278745894.md)
  - [en](https://longbridge.com/en/news/278745894.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278745894.md)
---

# U.S. stock market midday update: NFT companies urgently need funds for registration and issuance, stock prices plummet 16.35%, raising market concerns

**U.S. Stock Market Midday Update**

NFT fell 16.35%. Based on recent key news:

1.  On March 11, the NFT company announced a direct registration offering at a price of $2.8 million, leading to a drop in stock prices. This move was interpreted by the market as the company urgently needing funds, which could affect its financial stability, raising investor concerns and causing a significant decline in stock prices. The market remains vigilant about liquidity.

**Stocks with High Trading Volume in the Industry**

Google-A rose 0.96%, with increased trading volume. Based on recent key news:

1.  On March 11, Google completed its $32 billion acquisition of Wiz, enhancing Google Cloud's cybersecurity capabilities and driving up stock prices. Source: Jin10 Data
    
2.  On March 9, Google announced adjustments to the Google Play service fee structure, which is expected to increase profits for overseas gaming products, with a positive market reaction. Source: CICC
    
3.  On March 9, Google launched the AI Overviews feature, leading to a significant drop in traffic for tech media, raising market concerns about its search business. Source: FuturismAI drives search expansion, broadening market opportunities.
    

Meta fell 0.40%, with increased trading volume. Based on recent key news:

1.  On March 10, Meta announced the acquisition of Moltbook, aimed at enhancing its AI capabilities. This move is seen as a strategic expansion for Meta in the AI field, potentially having a positive impact on its future growth. Source: Financial Associated Press
    
2.  On March 9, fluctuations in international oil prices raised market concerns, putting pressure on tech stocks. Rising oil prices could increase inflation, affecting consumer confidence and subsequently impacting advertising revenue for tech companies like Meta. Source: Financial Associated Press
    
3.  On March 9, analysts pointed out that Meta's capital expenditures are increasing, which could affect its profitability. Meta plans to invest heavily in AI infrastructure, raising concerns among investors. Source: Financial Associated Press Tech stocks are affected by oil price fluctuations, leading to cautious market sentiment.
    

Google-C rose 0.88%. Based on recent key news:

1.  On March 11, Google completed its $32 billion acquisition of cybersecurity company Wiz. This is the largest deal in Google's history, enhancing Google Cloud's cybersecurity capabilities and driving up stock prices. Source: Jin10 Data
    
2.  On March 11, Translucent announced it secured $27 million in Series A funding led by Google Ventures, demonstrating Google's active positioning in the investment field and boosting market confidence. Source: Reuters
    
3.  On March 9, a CICC report indicated that Google adjusted the Google Play service fee structure, which is expected to increase profits for overseas gaming products, providing long-term benefits for Google's stock price. Source: CICC report AI-driven search expansion, optimistic industry outlook **Stocks Ranked Among the Top by Market Capitalization in the Industry**
    

Baidu fell 0.92%, with increased trading volume. Based on recent key news:

1.  On March 11, Baidu Smart Cloud launched the zero-deployment service DuClaw, lowering the usage threshold for users, and the market reacted positively, but it failed to boost the stock price. Source: Jinshi Data
    
2.  On March 11, Baidu announced its 2025 financial report, with AI business revenue accounting for 43%, but it did not drive the stock price up. Source: Daily Economic News
    
3.  On March 10, Baidu's autonomous driving service resumed testing in the UAE, indicating an acceleration in its internationalization process, but had limited impact on the stock price. Source: Wall Street Insight
    

During the concentrated disclosure period of Hong Kong technology stocks' financial reports, volatility has intensified

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