---
title: "U.S. Stock Market Midday Update: JFrog Executives' Intensive Sell-off Leads to a 7.10% Drop, Raising Concerns Over Internal Confidence"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293507324.md"
description: "JFrog fell 7.10%; Microsoft fell 2.64%, with a transaction volume of USD 5.679 billion; Nebius rose 3.44%, with a transaction volume of USD 2.58 billion; Now Services fell 6.77%, with a transaction volume of USD 2.245 billion; Oracle fell 1.50%, with a market value of USD 360.5 billion"
datetime: "2026-07-22T18:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293507324.md)
  - [en](https://longbridge.com/en/news/293507324.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293507324.md)
---

# U.S. Stock Market Midday Update: JFrog Executives' Intensive Sell-off Leads to a 7.10% Drop, Raising Concerns Over Internal Confidence

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

JFrog fell 7.10%, with increased trading volume. Based on recent news,

1.  On July 20, JFrog director Yossi Sela sold 25,000 shares of common stock, with transaction prices between $86.49 and $89.64. This transaction reduced his direct holdings to 83,349 shares. This news raised market concerns about the lack of confidence among company insiders, leading to a decline in stock price.
    
2.  On July 21, JFrog Chief Technology Officer Yoav Landman sold 44,000 shares of common stock, with transaction prices between $84.86 and $88.51, generating total proceeds of approximately $3.83 million. This transaction reduced his direct holdings to 5,493,338 shares. This news further intensified market concerns about the company's prospects, causing the stock price to continue to decline. Recently, technology stocks have shown overall weak performance, and market sentiment remains cautious.
    

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

Microsoft fell 2.64%. Based on recent news,

1.  On July 22, Lyon published a report stating that despite market fears regarding AI stocks, the demand for AI continues to grow, and Microsoft was rated as "outperforming the market." However, concerns about AI capital expenditures remain, leading to a decline in stock price.
    
2.  On July 21, Morgan Stanley lowered Microsoft's target price to $600, maintaining an "overweight" rating, but concerns about short-term capital expenditure pressures intensified, affecting stock performance.
    
3.  On July 20, global semiconductor stocks generally fell sharply, with analysts noting that the price declines have far exceeded levels reflected by fundamentals. Microsoft, as a major investor in AI infrastructure, was affected. AI demand is growing, but capital expenditure pressures are significant.
    

Nebius rose 3.44%. Based on recent key news:

1.  On July 21, NVIDIA disclosed a 9.3% stake in Nebius, driving the stock price up. NVIDIA's stake includes a previously announced $2 billion investment, boosting market confidence in Nebius, with an intraday price increase of 6.84%. Source: Zhitong Finance
    
2.  On July 21, Northland Securities raised Nebius's target price from $248 to $410, maintaining an outperform rating. This move reflects market optimism about Nebius's future revenue growth, with an intraday price increase of 7.06%. Source: Gelonghui
    
3.  On July 21, Bloom Energy announced an exclusive power solution for Nebius, investing $1.7 billion. This move addresses Nebius's power bottleneck issues in AI infrastructure expansion, further driving the stock price up. Source: Morgan Stanley report. The AI industry boom continues, with significant capital inflows ServiceNow fell by 6.77%. Based on recent news,
    
4.  On July 21, Citigroup released a report stating that despite concerns about the software industry due to the rise of artificial intelligence, Software as a Service (SaaS) still has a moat. Citigroup rated ServiceNow as "underperform," with a target price of $72. This rating led to a decline in investor confidence and a drop in stock price.
    
5.  On July 21, Benzinga Pro data showed that ServiceNow's stock price fell by 6.22% to $95.71. The market expressed concerns about its upcoming second-quarter earnings report, expecting earnings per share of $0.85 and revenue of $3.93 billion.
    
6.  On July 22, market data indicated that institutional investors held a pessimistic view of ServiceNow's future performance, leading to a surge in put option trading and a further decline in stock price by 2.74%. Analysts expressed doubts about the profitability of its AI tools, believing that costs would exceed expected returns. The software industry faces challenges from AI, causing fluctuations in investor sentiment.
    

**Stocks ranked among the top in industry market capitalization**

Oracle fell by 1.50%. Based on recent key news:

1.  On July 21, Oracle's application for a natural gas pipeline in Mexico was rejected, affecting its AI data center power supply plans, leading to a drop in stock price. Bloom Energy's stock price was also affected, falling by 8.17%. Source: MoneyDJ News
    
2.  On July 21, Oracle's credit condition deteriorated, impacting its data center construction loans, with credit default swaps rising to historical highs, reflecting market concerns about its debt risk. Source: Jinshi Data
    
3.  On July 21, a UBS report indicated that the tech sector had bottomed out, with funds beginning to flow back into AI concept stocks, and Oracle was included in the momentum stock portfolio. Source: UBS report The AI investment boom continues, with significant capital inflows

### Related Stocks

- [FROG.US](https://longbridge.com/en/quote/FROG.US.md)
- [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md)
- [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md)
- [NOW.US](https://longbridge.com/en/quote/NOW.US.md)
- [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md)

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