U.S. stock market midday update: Nebius rises 9.83%, supported by a $24 billion order from Meta

Nebius rose 9.83%; Microsoft fell 1.38%, with a transaction volume of USD 6.362 billion; Oracle fell 1.24%, with a transaction volume of USD 3.247 billion; Palo Alto Networks fell 4.93%, with a transaction volume of USD 2.353 billion; CrowdStrike fell 1.94%, with a market capitalization of USD 194.3 billion

U.S. Stock Market Midday Update

Nebius rose 9.83%. Based on recent key news:

On July 7, Nebius announced a $24 billion contract with Meta, propelling it to become a key AI mega-enterprise. This move boosted investor confidence, leading to a rise in stock price. Source: Benzinga
On July 6, Nebius's Chief Infrastructure Officer Andrey Korolenko sold 33,871 shares worth $7.97 million. Nevertheless, the market remains optimistic about its long-term growth potential. Source: MT Newswires
On July 7, semiconductor research firm SemiAnalysis pointed out that Meta's computing power demand will further increase, and Nebius, as an emerging cloud enterprise, will benefit from this, driving up its stock price. Source: SemiAnalysisAI Cloud market demand is strong, with significant capital inflow.

Stocks with High Trading Volume in the Industry

Microsoft fell 1.38%, with a trading volume of $6.362 billion. Based on recent key news:

On July 7, AI capital expenditure pressures increased, challenging the valuation logic of tech giants. There is uncertainty whether the massive AI investments by large tech companies like Microsoft will yield matching returns, putting pressure on stock prices. Source: Zhitong Finance
On July 6, Wolfe Research lowered Microsoft's target price to $525, primarily due to a significant rise in memory prices, leading to an upward revision of capital expenditure estimates. Source: Investing.com
On July 6, Microsoft announced layoffs of 4,800 employees, accounting for 2.1% of its global workforce, in response to changes in the industry environment. Source: Jinshi Data The overall performance of tech stocks is weak, with capital flowing towards AI infrastructure.

Oracle fell 1.24%, with increased trading volume. Based on recent key news:

On July 8, Oracle's stock price fell 25% in the first half of the year, raising concerns about its customers' payment capabilities. The company's remaining performance obligations amount to $638 billion, but major clients like OpenAI are struggling to fulfill their obligations, undermining investor confidence and putting pressure on stock prices.
On July 6, Piper Sandler maintained an "Overweight" rating on Oracle, expecting its cloud infrastructure business to exceed expectations in fiscal year 2027, potentially generating an additional $2.2 billion in revenue, with the market holding an optimistic view on its capital expenditure conversion rate.
On July 7, the average analyst target price was $254.84, implying about an 82% upside from last Thursday's closing price, with Mizuho Securities analysts being the most optimistic, setting a target price as high as $320. Competition in AI infrastructure investment is fierce, increasing risks.

Paituo Network fell 4.93%. Based on recent key news:

On July 8, the management of Paito Network stopped providing disclosures on non-organic contributions, complicating investors' assessments of the company's core platform momentum and increasing short-term volatility. Over the past three months, insiders have sold approximately $27.2 million worth of stock, exacerbating market pressure.
On July 7, Needham raised the target price for Paito Network from $350 to $425, maintaining a "Buy" rating, reflecting analysts' confidence in the company's future performance.
On July 9, Paito Network's stock price fell by 4.99% to $320.22, reflecting market concerns about the company's recent performance. The cybersecurity industry is facing high demand and intense competition.

Stocks Ranked Among the Top by Market Capitalization in the Industry

CrowdStrike fell by 1.94%. Based on recent key news:

On July 8, CrowdStrike President and CEO George Kurtz sold 18,080 shares of Class A common stock between July 2 and July 6, at prices ranging from $189.43 to $209.26. This move reduced his direct holdings to 8,273,544 shares, and the market reacted negatively to the executive's sell-off, putting pressure on the stock price.
On July 6, Barclays Bank significantly lowered the target price for CrowdStrike from $675 to $169. This news raised market concerns, leading to a decline in the stock price.
On July 7, after a 4-for-1 stock split, CrowdStrike's stock price rose by approximately 2.8%. Despite the increase in stock price post-split, the market expressed concerns about its high valuation, leading to subsequent price volatility. The cybersecurity industry has high valuations and requires caution

U.S. Stock Market Midday Update

Nebius rose 9.83%. Based on recent key news:

On July 7, Nebius announced a $24 billion contract with Meta, propelling it to become a key AI mega-enterprise. This move boosted investor confidence, leading to a rise in stock price. Source: Benzinga
On July 6, Nebius's Chief Infrastructure Officer Andrey Korolenko sold 33,871 shares worth $7.97 million. Nevertheless, the market remains optimistic about its long-term growth potential. Source: MT Newswires
On July 7, semiconductor research firm SemiAnalysis pointed out that Meta's computing power demand will further increase, and Nebius, as an emerging cloud enterprise, will benefit from this, driving up its stock price. Source: SemiAnalysisAI Cloud market demand is strong, with significant capital inflow.

Stocks with High Trading Volume in the Industry

Microsoft fell 1.38%, with a trading volume of $6.362 billion. Based on recent key news:

On July 7, AI capital expenditure pressures increased, challenging the valuation logic of tech giants. There is uncertainty whether the massive AI investments by large tech companies like Microsoft will yield matching returns, putting pressure on stock prices. Source: Zhitong Finance
On July 6, Wolfe Research lowered Microsoft's target price to $525, primarily due to a significant rise in memory prices, leading to an upward revision of capital expenditure estimates. Source: Investing.com
On July 6, Microsoft announced layoffs of 4,800 employees, accounting for 2.1% of its global workforce, in response to changes in the industry environment. Source: Jinshi Data The overall performance of tech stocks is weak, with capital flowing towards AI infrastructure.

Oracle fell 1.24%, with increased trading volume. Based on recent key news:

On July 8, Oracle's stock price fell 25% in the first half of the year, raising concerns about its customers' payment capabilities. The company's remaining performance obligations amount to $638 billion, but major clients like OpenAI are struggling to fulfill their obligations, undermining investor confidence and putting pressure on stock prices.
On July 6, Piper Sandler maintained an "Overweight" rating on Oracle, expecting its cloud infrastructure business to exceed expectations in fiscal year 2027, potentially generating an additional $2.2 billion in revenue, with the market holding an optimistic view on its capital expenditure conversion rate.
On July 7, the average analyst target price was $254.84, implying about an 82% upside from last Thursday's closing price, with Mizuho Securities analysts being the most optimistic, setting a target price as high as $320. Competition in AI infrastructure investment is fierce, increasing risks.

Paituo Network fell 4.93%. Based on recent key news:

On July 8, the management of Paito Network stopped providing disclosures on non-organic contributions, complicating investors' assessments of the company's core platform momentum and increasing short-term volatility. Over the past three months, insiders have sold approximately $27.2 million worth of stock, exacerbating market pressure.
On July 7, Needham raised the target price for Paito Network from $350 to $425, maintaining a "Buy" rating, reflecting analysts' confidence in the company's future performance.
On July 9, Paito Network's stock price fell by 4.99% to $320.22, reflecting market concerns about the company's recent performance. The cybersecurity industry is facing high demand and intense competition.

Stocks Ranked Among the Top by Market Capitalization in the Industry

CrowdStrike fell by 1.94%. Based on recent key news:

On July 8, CrowdStrike President and CEO George Kurtz sold 18,080 shares of Class A common stock between July 2 and July 6, at prices ranging from $189.43 to $209.26. This move reduced his direct holdings to 8,273,544 shares, and the market reacted negatively to the executive's sell-off, putting pressure on the stock price.
On July 6, Barclays Bank significantly lowered the target price for CrowdStrike from $675 to $169. This news raised market concerns, leading to a decline in the stock price.
On July 7, after a 4-for-1 stock split, CrowdStrike's stock price rose by approximately 2.8%. Despite the increase in stock price post-split, the market expressed concerns about its high valuation, leading to subsequent price volatility. The cybersecurity industry has high valuations and requires caution