--- title: "U.S. stock market midday update: ChronoScale down 9.16%, after a 166% increase over six months, now experiencing volatility" type: "News" locale: "en" url: "https://longbridge.com/en/news/293646415.md" description: "ChronoScale fell 9.16%; Coreweave rose 0.61%, with a transaction volume of USD 877 million; Shopify fell 5.06%, with a transaction volume of USD 416 million; Snowflake fell 0.94%, with a transaction volume of USD 411 million; CloudFlare fell 1.62%, with a market value of USD 93.7 billion" datetime: "2026-07-23T16:32:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293646415.md) - [en](https://longbridge.com/en/news/293646415.md) - [zh-HK](https://longbridge.com/zh-HK/news/293646415.md) --- # U.S. stock market midday update: ChronoScale down 9.16%, after a 166% increase over six months, now experiencing volatility **U.S. Stock Market Midday Update** ChronoScale, down 9.16%, has increased by 166.36% over the past six months, with no significant news recently. Trading is active, and capital flows are evident. Considering sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Coreweave up 0.61%. Based on recent key news: 1. On July 22, Truist Securities upgraded CoreWeave's rating from "Hold" to "Buy," setting a target price of $126, citing strong demand for AI computing and valuation gaps with smaller competitors. This move pushed the stock price up by 8.9%. Source: Gelonghui 2. On July 21, CoreWeave's CEO stated that the company is deploying AI infrastructure on a large scale, and as AI cloud revenue grows, the accounting impact of depreciation will decrease. This news boosted market confidence in the company's future growth. Source: The Wall Street Journal 3. On July 20, CoreWeave's Chief Development Officer Brannin McBee sold 144,000 shares of Class A stock, which may raise market concerns about insider trading. Source: EDGAR System Strong demand in the AI industry has intensified market volatility. Shopify down 5.06%, with increased trading volume. Based on recent key news: 1. On July 22, institutions like Ark Invest significantly reduced their holdings in Shopify stock, putting pressure on the stock price. Analysts noted that as large-cap growth managers shift to other highly valued e-commerce infrastructure, Shopify's price-to-earnings ratio exceeds 120 times, increasing the stock's sensitivity to slowing same-store sales growth, which may affect its growth potential. 2. On July 23, Meta's AI products may pose pressure on Shopify's business. Analyst Ball estimates that half of Shopify's business in the U.S. could be affected, necessitating a rapid adjustment of its high valuation. Nevertheless, Morgan Stanley analyst Adam Wood still gave Shopify an overweight rating, believing its value to merchants is irreplaceable. 3. On July 22, Shopify's second-quarter revenue growth guidance significantly slowed, raising concerns among institutions about the impact of cooling consumer spending on total merchandise transaction volume. Several brokerages lowered their target prices, believing that the reset of the growth narrative poses further volatility risks to the current high valuation. Competition in the e-commerce industry intensifies, and growth expectations are adjusted. Snowflake down 0.94%. Based on recent news, 1. On July 22, Snowflake launched new products including the AI assistant Genie series, the Lakebase database for AI agents, and the governance tool Unity AI Gateway. Analysts believe these new products will enhance the company's competitiveness and drive stock price increases 2. On July 22, Snowflake reached a five-year, $6 billion long-term computing power cooperation agreement with AWS, further enhancing the company's market position and profitability, driving up the stock price. 3. Since the appointment of new CEO Sridhar Ramaswamy in early 2024, Snowflake's stock price has increased by 85% as of July 21, reflecting the market's recognition of the company's AI strategy. The performance of AI tools and data platform business is strong, with industry sentiment on the rise. **Stocks Ranked Among the Top by Market Capitalization in the Industry** CloudFlare fell by 1.62%. Based on recent key news: 1. On July 21, an analyst report indicated that Cloudflare was not included in the top recommended stocks list, despite its rating being a moderate buy, which may affect investor confidence and lead to a decline in stock price. 2. On July 22, the market expressed concerns about Cloudflare's capital intensity and customer concentration. Although the partnership with NVIDIA provides support, these factors may lead to stock price volatility. 3. On July 23, analysts maintained a buy rating on Cloudflare and raised the target price to $300, believing that its strategic positioning and market actions have long-term growth potential, but the stock price still faces pressure in the short term. 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