--- title: "U.S. stock market midday update: DigitalOcean down 7.10%, UBS lowers target price, high valuation risk suppresses stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/292351335.md" description: "Digitalocean fell 7.10%; Coreweave rose 0.18%, with a transaction volume of $865 million; Snowflake fell 2.48%, with a transaction volume of $741 million; Shopify rose 0.49%, with a transaction volume of $511 million; CloudFlare fell 2.99%, with a market value of $94.6 billion" datetime: "2026-07-10T19:12:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292351335.md) - [en](https://longbridge.com/en/news/292351335.md) - [zh-HK](https://longbridge.com/zh-HK/news/292351335.md) generator: "portal-rs" --- # U.S. stock market midday update: DigitalOcean down 7.10%, UBS lowers target price, high valuation risk suppresses stock price **U.S. Stock Market Midday Update** DigitalOcean fell 7.10%. Based on recent key news: 1. On July 8, DigitalOcean's management stated that the company's business trajectory is strong, and the full-year revenue expectation will exceed previous forecasts, with specific details to be announced in the quarterly earnings report. This news drove the stock price up. 2. On July 9, UBS maintained a neutral rating and lowered the target price from $175 to $155, putting pressure on the stock price. 3. On July 9, market analysis suggested that DigitalOcean, as a high-growth alternative, attracted attention, but its high valuation and volatility still require cautious consideration from investors. The volatility of tech stocks has intensified, and investors need to pay attention to risks. **Stocks with High Trading Volume in the Industry** Coreweave rose 0.18%, with active trading. Based on recent key news: 1. On July 10, CoreWeave's Chief Financial Officer Nitin Agrawal sold some shares, leading to market doubts about internal confidence in the company. According to disclosures from the EDGAR system, Agrawal sold 3 shares of common stock at a price of $82.98 per share on July 8. 2. On July 11, Meta plans to build its own data centers to replace leased GPUs, which may impact CoreWeave's market share. This move by Meta could lead to a 58% decrease in CoreWeave's stock price target if Meta shifts its inference workloads to its own data centers. 3. On July 10, CoreWeave's founder and CEO Michael Intrator sold a large number of shares, raising concerns in the market about the company's future development. Intrator sold approximately 261,797 shares on July 7 and 8, valued at about $22 million. Competition in the AI industry is intensifying, with Meta building its own data centers. Snowflake fell 2.48%, with increased trading volume. Based on recent key news: 1. On July 6, Snowflake director Michael L. Speiser sold 47,413 shares of common stock at prices between $253.86 and $263.91. This move may raise concerns about internal confidence in the company, negatively impacting the stock price. Source: EDGAR 2. On July 10, Binance announced the launch of Snowflake's USDT perpetual contract, supporting up to 25 times leverage. This news may trigger speculative trading in the market for this stock, increasing price volatility. Source: Jinse Finance 3. Recent analysts' average target price for Snowflake is $299.06, indicating market optimism about its future growth. However, the current decline in stock price may reflect short-term fluctuations in market sentiment Source: Analyst Report AI Cloud Service Industry Volatility Increases, Investment Requires Caution. Shopify rose 0.49%. Based on recent key news: 1. On July 10, Stifel upgraded Shopify's rating from Hold to Buy and raised the target price from $110 to $150. Analysts believe that the company's agency business model and expansion into B2B and international markets will drive future growth, with revenue growth expected to exceed 30% by 2026. This move boosted the stock price. 2. On July 8, Shopify announced that it will release its Q2 2026 financial report on August 5. The market is eagerly anticipating the upcoming financial report, further boosting the stock price. 3. On July 10, Shopify launched a new advertising model called Product Network, which helps merchants improve advertising efficiency and enhances the platform's attractiveness and stickiness. This move has been well received by merchants, driving the stock price up. The e-commerce industry continues to grow, the macro economy is stable, and capital inflows are significant. **Stocks Ranked Among the Top in Industry Market Value** CloudFlare fell 2.99%. Based on recent key news: 1. On July 8, CloudFlare and OpenAI launched a research pilot project aimed at improving the efficiency of AI search engines. This collaboration enhances CloudFlare's strategic positioning in the AI infrastructure field, driving the stock price up. 2. On July 8, the Royal Bank of Scotland upgraded CloudFlare's rating to "Outperform" and raised the target price to $300. This move reflects market confidence in CloudFlare's future growth potential, causing the stock price to test its 52-week high. 3. On July 7, CloudFlare director Carl Ledbetter sold 5,000 shares of common stock at a transaction price of $268.11. Such insider trading may exert short-term pressure on the stock price. 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