--- title: "U.S. stock market update: iPower down 21.53%, AI layout cools leading to sharp decline in stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/293772162.md" description: "iPower fell 21.53%; United Rentals fell 1.06%, with a transaction volume of USD 846.1 million; Sunbelt Rentals fell 2.78%, with a transaction volume of USD 747.9 million; XPO Logistics fell 1.13%, with a transaction volume of USD 688.1 million; GATX fell 0.02%, with a market value of USD 64.6 billion" datetime: "2026-07-24T14:47:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293772162.md) - [en](https://longbridge.com/en/news/293772162.md) - [zh-HK](https://longbridge.com/zh-HK/news/293772162.md) --- # U.S. stock market update: iPower down 21.53%, AI layout cools leading to sharp decline in stock price **U.S. Stock Market Midday Update** iPower fell 21.53%, with increased trading volume. Based on recent key news: 1. On July 23, iPower signed a non-binding letter of intent to plan a GPU deployment worth $6 million. This move could lead to a total contract value expansion to $60 million, which the market reacted negatively to, causing a significant drop in stock price. Source: Reuters 2. On July 21, iPower announced the establishment of a subsidiary focused on artificial intelligence hardware leasing, but no final agreements have been signed yet. The market's uncertainty regarding this plan has put pressure on the stock price. Source: Reuters 3. On July 24, iPower expanded into the field of artificial intelligence infrastructure investment, planning to participate in AI-related growth through digital asset and infrastructure financing agreements. Although this move aims to create long-term shareholder value, the market's short-term reaction has been negative. Source: Public Technologies. The investment risks in the AI industry have increased, leading to heightened market volatility. **Stocks with High Trading Volume in the Industry** United Rentals fell 1.06%. Based on recent key news: 1. On July 23, United Rentals announced its second-quarter results, with revenue reaching $4.41 billion, exceeding market expectations. Net profit was $753 million, driving the stock price up. However, the market expressed concerns about the debt burden in a high-interest-rate environment, leading to stock price fluctuations. 2. On July 24, UBS analysts raised the target price for United Rentals to $1,350, reflecting an optimistic outlook on the company's growth prospects. Analysts believe that strong demand for equipment rentals supports further profit growth. 3. On July 24, the market expressed concerns about delays in non-residential construction projects, which could impact the core business growth of United Rentals. Analysts pointed out that the pause in federal infrastructure spending could negatively affect the company. The demand in the equipment rental industry remains strong, but interest rate risks persist. Sunbelt Rentals fell 2.78%, with a trading volume of $74.79 million, and increased trading volume, with no significant news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, the stock shows significant volatility, with specific reasons needing further observation. XPO Logistics fell 1.13%, with a trading volume of $68.81 million, and increased trading volume, with no significant news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, the stock shows significant volatility, with specific reasons needing further observation. **Stocks with High Market Capitalization in the Industry** Guanjie fell 0.02%. The recent stock price fluctuations of Guanjie are mainly influenced by the following factors: 1. On July 21, Guanjie announced the discovery of a new oil field off the coast of Côte d'Ivoire, boosting market optimism about its future growth. This news has strengthened investors' confidence in Guanjie's expansion in the energy sector, and although the stock price only slightly declined, trading volume significantly increased, indicating market attention to this news 2. Recent industry trends show that the boundaries between logistics and cryptocurrency are becoming increasingly blurred, and Guanjie’s positioning in the value chain needs to be continuously adjusted. This trend may lead to uncertainty among investors regarding Guanjie’s future strategic direction, thereby affecting stock price performance. 3. Due to market doubts about Guanjie’s long-term development strategy, investors are more cautious in their buying and selling behavior regarding its stock, leading to price fluctuations. The blurred boundaries between logistics and cryptocurrency require attention ### Related Stocks - [IPW.US](https://longbridge.com/en/quote/IPW.US.md) - [URI.US](https://longbridge.com/en/quote/URI.US.md) - [SUNB.US](https://longbridge.com/en/quote/SUNB.US.md) - [WCC.US](https://longbridge.com/en/quote/WCC.US.md) - [GWW.US](https://longbridge.com/en/quote/GWW.US.md) ## Related News & Research - [iPower advances AI strategy with GPU leasing deal](https://longbridge.com/en/news/293646100.md) - [iPower signs non-binding LOI for proposed $6M GPU lease, potential $60M expansion](https://longbridge.com/en/news/293644081.md) - [iPower Signs Non-Binding LOI for Proposed $6 Million GPU Deployment | IPW Stock News](https://longbridge.com/en/news/293644451.md) - [iPower announces special shareholder meeting](https://longbridge.com/en/news/293976685.md) - [Brian Armstrong Rejects 'Pivot to AI' Mindset: Says Crypto Will Power AI Agents](https://longbridge.com/en/news/293917664.md)