--- title: "U.S. stock night market volatility: Nvidia shares rise 5.01%, analysts raise target price" type: "News" locale: "en" url: "https://longbridge.com/en/news/293537742.md" description: "Nebius rose 5.01% in after-hours trading; Microsoft fell 0.21% in after-hours trading, with a transaction volume of $2.68 million; Now Services rose 5.04% in after-hours trading, with a transaction volume of $2.33 million; Oracle rose 0.91% in after-hours trading, with a transaction volume of $906,400" datetime: "2026-07-23T00:46:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293537742.md) - [en](https://longbridge.com/en/news/293537742.md) - [zh-HK](https://longbridge.com/zh-HK/news/293537742.md) generator: "portal-rs" --- # U.S. stock night market volatility: Nvidia shares rise 5.01%, analysts raise target price **U.S. Stock Night Market Movements** Nebius rose 5.01% in the night market. Based on recent key news: 1. On July 21, NVIDIA disclosed that it holds a 9.3% stake in Nebius, driving the stock price up. NVIDIA's stake includes the previously announced $2 billion investment, enhancing market confidence in Nebius, with an intraday price increase of 7.8%. Source: Zhitong Finance 2. On July 21, Northland Securities raised its target price for Nebius from $248 to $410, maintaining an outperform rating. Analysts expect the company's revenue to grow significantly, outpacing peers, with an intraday price increase of 7.06%. Source: Gelonghui 3. On July 22, Nebius's stock price surged over 18%, closing at $216.92. The news of NVIDIA's stake is seen as a vote of confidence in Nebius's growth prospects, with funds returning to AI infrastructure concept stocks. Source: Jinshi Data AI industry continues to grow, with significant capital inflows. **Stocks with High Trading Volume in the Industry** Microsoft fell 0.21% in the night market. Based on recent news, 1. On July 21, Microsoft announced an expanded partnership with Mistral to leverage its GPU infrastructure in Europe to increase computing capacity for AI development and cloud services. This move aims to meet European customers' demands for local AI infrastructure and data sovereignty, causing stock price fluctuations. 2. On July 22, Morgan Stanley published a research report, expecting a turning point in growth for Microsoft's Azure in the second half of the year, with new capacity translating into meaningful revenue contributions. The market has underestimated Azure's growth potential, maintaining a "buy" rating for Microsoft. 3. On July 23, investors are waiting for major tech companies like Alphabet to announce quarterly results to assess whether the AI-driven rise in U.S. stocks still has room for growth, with increasing market skepticism about AI investment returns affecting Microsoft's stock price. AI demand is growing, capital expenditures are increasing, and the market is focused on investment returns. ServiceNow rose 5.04% in the night market. Based on recent news, 1. On July 23, ServiceNow raised its full-year subscription revenue outlook, with second-quarter results exceeding expectations, driving the stock price up. The company expects full-year subscription revenue for 2026 to be between $15.76 billion and $15.78 billion, a year-on-year increase of approximately 22.5%. Second-quarter subscription revenue grew 24.5% year-on-year, reaching $3.88 billion. Source: Investing.com 2. On July 23, ServiceNow announced that its AI platform is widely adopted in the public sector, with nearly all U.S. states using its platform to improve citizen services and modernize operations. The company expects full-year subscription revenue for 2026 to be between $15.76 billion and $15.78 billion. Source: Business Wire On July 23, ServiceNow's second-quarter financial report showed subscription revenue of $3.88 billion and adjusted earnings per share of $0.90, both exceeding analyst expectations. Source: ReutersAI Strong demand drives growth in corporate spending. Oracle's after-hours trading rose by 0.91%. Based on recent news, 1. On July 21, Citigroup released a report stating that despite concerns in the market due to the rise of AI models, the SaaS industry still has a moat. Oracle was given a "Hold" rating with a target price of $145. This report boosted market confidence, driving the stock price up. 2. On July 21, Oracle's application for a natural gas pipeline in New Mexico was rejected, which may affect its data center power construction, leading to a 3.98% drop in stock price. 3. On July 21, Oracle's credit default swaps (CDS) rose to an all-time high, reflecting market concerns over its massive capital expenditure plans, further exacerbating stock price volatility. 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