--- title: "U.S. stock market intraday update: Republic Power down 18.74% on increased volume, what caused the fluctuation without major negative news?" type: "News" locale: "en" url: "https://longbridge.com/en/news/288895746.md" description: "Republic Power fell 18.74%; IBM fell 6.10%, with a trading volume of $2.38 billion; Accenture fell 0.38%, with a trading volume of $319 million; Cognizant fell 0.52%, with a trading volume of $294 million; Infosys Technologies fell 1.19%, with a market value of $50.2 billion" datetime: "2026-06-05T18:33:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288895746.md) - [en](https://longbridge.com/en/news/288895746.md) - [zh-HK](https://longbridge.com/zh-HK/news/288895746.md) --- # U.S. stock market intraday update: Republic Power down 18.74% on increased volume, what caused the fluctuation without major negative news? **U.S. Stock Market Midday Update** Republic Power, down 18.74%, with increased trading volume and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** IBM down 6.10%, with increased trading volume. Based on recent key news: 1. On June 3, Wedbush raised IBM's target price to $350, emphasizing the growth potential of AI and quantum computing. However, economic pressures such as rising oil prices and tightening corporate IT spending led to a 6.4% drop in stock price. Source: Zhitong Finance 2. On June 3, IBM announced a $10 billion investment in quantum computing over the next five years, planning to deliver large-scale fault-tolerant quantum computers by 2029. This move is seen as a strategic investment for long-term growth. Source: Viewpoint Network 3. On June 4, Citigroup, Barclays, and Wedbush all raised IBM's target price to above $350, driving the stock price to a historic high. The strong performance of the software business and the long-term prospects of quantum computing are considered the main driving factors. Source: Zhitong Finance. The acceleration of investment in quantum computing indicates a broad industry outlook. Accenture down 0.38%. Based on recent key news: 1. On June 3, Accenture announced a strategic investment and partnership with AlphaSense. This collaboration aims to embed market intelligence into enterprise intelligent workflows, helping companies make faster, more reliable, and higher-quality decisions. Following this news, the market is optimistic about Accenture's future development, but the stock price still experienced a slight decline. 2. On June 3, AlphaSense raised $350 million from investors including Accenture and JP Morgan Asset Management, reaching a valuation of $7.5 billion. This news indicates that Accenture is increasing its investment in the AI field; however, the stock price did not rise as a result. 3. On June 3, Stifel lowered Accenture's target stock price from $315 to $270. Analysts believe that although Accenture is actively positioning itself in the AI field, it may face profit pressure in the short term, leading to a decline in stock price. Investment in the AI field is active, and market sentiment is volatile. C3.ai down 0.52%, with active trading. Based on recent key news: 1. On June 4, C3.ai announced a partnership with ServiceNow to accelerate the scalability and operationalization of enterprise-level AI governance. This collaboration aims to enhance AI governance capabilities, which may positively impact the company's future technology services. 2. On June 3, C3.ai partnered with Snowflake to accelerate enterprise AI adoption using Cortex-driven intelligent agents. This collaboration is expected to improve the efficiency of data engineering and analytics, enhancing the company's competitiveness in the AI field On June 2, Highspot expanded its strategic alliance with CrowdStrike, aiming to enhance AI security to protect intelligent enterprises. This move could elevate the company's market position in the cybersecurity field. The AI market is transforming, with rising demand for technology services. **Stocks Ranked Among the Top in Industry Market Value** Infosys Technologies fell by 1.19%. Based on recent news, 1. On June 3, Infosys Technologies launched an AI-driven competition and fan experience with LTA at the HSBC Championship, enhancing market recognition of its AI capabilities but failing to significantly boost its stock price. 2. On June 3, the company's CEO Salil Parekh stated that its "AI-first" value framework and Topaz Fabric platform are gaining market recognition, with expected revenue growth of 1.5% to 3.5% for the fiscal year 2027, and operating profit margins maintained between 20% and 22%, but with relatively low valuation and momentum scores. 3. On June 3, India became Microsoft's largest global enterprise AI promotion market, with Infosys Technologies and other IT service giants expanding Microsoft 365 Copilot to 100,000 employees, demonstrating the importance of AI in the industry, but failing to significantly impact stock prices. The IT industry is significantly affected by AI development, with increasing macroeconomic uncertainty ### Related Stocks - [RPGL.US](https://longbridge.com/en/quote/RPGL.US.md) - [IBM.US](https://longbridge.com/en/quote/IBM.US.md) - [ACN.US](https://longbridge.com/en/quote/ACN.US.md) - [CTSH.US](https://longbridge.com/en/quote/CTSH.US.md) - [INFY.US](https://longbridge.com/en/quote/INFY.US.md) ## Related News & Research - [Forgent Power Solutions, Inc.'s Lock-Up Period Will Expire on August 4th (NYSE:FPS)](https://longbridge.com/en/news/294013450.md) - [Kodiak Gas Services started Overweight at Piper Sandler on Distributed Power Solutions deal](https://longbridge.com/en/news/294105335.md) - [Fed Meeting Prediction Market Preview: What Will Kevin Warsh Say?](https://longbridge.com/en/news/294217702.md) - [Markets are stuck in a 'doom loop' misreading Kevin Warsh on inflation: CIO](https://longbridge.com/en/news/294293572.md) - [AI Infrastructure Stocks For Data Center Power And Storage Growth](https://longbridge.com/en/news/294317675.md)