U.S. stock night trading volatility: Baidu fell 7.25% in after-hours trading, Morgan Stanley lowered its target price, navigation business challenged by ByteDance

U.S. Stock Night Market Movements

Baidu fell 7.25% in the night market. Based on recent news,

1. On July 13, Morgan Stanley lowered Baidu's target price to $130 and maintained a "market perform" rating. Morgan Stanley expects Baidu's core revenue in Q2 2026 to decline by 4% year-on-year, with advertising revenue expected to drop by 18.5% year-on-year, mainly due to a weak macro environment and the impact of AI transformation.

2. On July 13, Baidu Group's autonomous driving platform, Apollo Go, has been testing in Hong Kong for over a year, accumulating more than 240,000 kilometers of driving, with testing generally smooth so far. Nevertheless, the market still has doubts about the safety and commercialization prospects of autonomous driving technology.

3. On July 12, ByteDance mobilized dozens of employees to enhance the navigation capabilities within the Doubao App, which is supported by Baidu's map data and underlying technology. The market is concerned that Baidu's competitiveness in navigation technology is being challenged. The weak macro environment and declining advertising revenue.

Stocks with High Trading Volume in the Industry

Meta fell 0.30% in the night market. Based on recent news,

1. On July 13, Meta announced the expansion of its data center computing capacity in Louisiana to 5 gigawatts, with a total investment exceeding $50 billion. This move demonstrates the company's continued massive investment in AI infrastructure, raising market concerns about increased capital expenditures, which has put pressure on the stock price.

2. On July 13, oil prices rose significantly, strengthening energy assets, as the market digests the impact of escalating geopolitical conflicts in the Middle East. The rise in oil prices may reignite inflation concerns, putting pressure on the highly valued technology sector, leading to a decline in Meta's stock price.

3. On July 11, Meta suspended its AI image functionality, affecting market confidence in its AI strategy, resulting in a drop in stock price. The technology sector is under pressure, and the impact of rising oil prices is significant.

Alphabet-A fell 0.26% in the night market. Based on recent news,

1. On July 11, Meta reallocated 3,000 engineers to strengthen its internal reinforcement learning environment and invested $14.3 billion in Scale AI, which may pose a threat to Google's AI competitiveness.

2. On July 13, Alphabet announced it would issue over $80 billion in stock to support AI investments, which the market interpreted as the company potentially increasing its AI spending, leading to increased pressure in the bond market.

3. On July 14, Google is accelerating the transition of its self-developed Tensor Processing Units (TPUs) from internal tools to commercially sold AI chips, directly challenging NVIDIA's dominance in the AI hardware market. The competition for AI investment is fierce, and bond market pressure is increasing.

Alphabet-C fell 0.33% in the night market. Based on recent key news:

1. On July 13, Google announced it would launch its self-developed Tensor Processing Units (TPUs) to the market, challenging NVIDIA's dominance. This move is seen as a structural threat to the AI chip market, which may impact Google's stock price Source: Golden Finance

2. On July 13, UBS lowered the target price for Alphabet to $400, reflecting market concerns about its future profitability. Source: UBS Group

3. On July 11, Meta's capital expenditure limit on AI infrastructure reached $145 billion, which may put pressure on Google's competitiveness in the AI field. Source: Reuters The competition in the AI chip market is intensifying, and risks are increasing