--- title: "U.S. stock market update: Keel Infrastructure down 11.59%, sold off after being included in the index" type: "News" locale: "en" url: "https://longbridge.com/en/news/293791604.md" description: "Keel Infrastructure fell 11.59%; Palantir Tech fell 0.03%, with a transaction volume of USD 1.921 billion; AppLovin fell 1.57%, with a transaction volume of USD 1.619 billion; Salesforce rose 4.57%, with a transaction volume of USD 1.264 billion; SAP rose 9.76%, with a market value of USD 187.7 billion" datetime: "2026-07-24T19:43:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293791604.md) - [en](https://longbridge.com/en/news/293791604.md) - [zh-HK](https://longbridge.com/zh-HK/news/293791604.md) generator: "portal-rs" --- # U.S. stock market update: Keel Infrastructure down 11.59%, sold off after being included in the index **U.S. Stock Market Midday Update** Keel Infrastructure fell 11.59%. Based on recent news, 1. On July 22, Keel Infrastructure was included in the 2026 Russell 3000 Index. Although this news is generally seen as positive, the market reacted poorly, leading to a significant drop in stock price of 11.59%. 2. On July 22, market sentiment shifted from bearish to neutral, but failed to prevent the decline in stock price. Investors still have uncertainties about future expectations, further exacerbating stock price volatility. 3. On July 22, after Keel Infrastructure's stock price rose 7.1% on the previous trading day, a significant correction occurred. The sharp fluctuations in the short term reflect the market's unstable confidence in the stock. Market sentiment is volatile, and investors should be cautious. **Top Stocks by Industry Trading Volume** Palantir Tech fell 0.03%, with increased trading volume. Based on recent news, 1. On July 24, Palantir showcased multiple production environment deployment cases at AIPCon 10 and announced an expansion of its strategic partnership with NVIDIA. These initiatives have boosted market confidence in its technology and business expansion, but valuation controversies remain. Citigroup lowered its target price from $225 to $200, citing compression in valuation multiples, but remains optimistic about its growth prospects. 2. On July 23, Citigroup released a report stating that Palantir's U.S. commercial business is expected to see a strong rebound this quarter, with overall revenue growth projected at 53% for fiscal year 2027. Despite the target price reduction, the "Buy" rating is maintained, as the risk-reward ratio is considered more attractive. 3. On July 22, Palantir's valuation issues drew market attention. The company's current forward price-to-sales ratio is approximately 31.47 times, significantly higher than the industry average. Despite a 34% drop in stock price in the first half of the year, the fundamentals have not deteriorated, with analysts expecting Q2 revenue of about $1.81 billion, a year-on-year increase of 81%. Valuation controversies in the AI industry are intensifying, leading to market sentiment fluctuations. AppLovin fell 1.57%. Based on recent news, 1. On July 24, AppLovin's revenue is concentrated in the mobile gaming sector. Despite the company's efforts to diversify, its growth remains highly dependent on the mobile gaming ecosystem, making it sensitive to consumer discretionary spending and platform privacy changes (such as Apple's ATT). This dependency increases the company's risk, leading to a decline in stock price. 2. On July 22, Jefferies analyst James Heaney CFA maintained a "Buy" rating on AppLovin and set a target price of $700. Although the analyst is optimistic about the stock, the market remains skeptical about its future performance, resulting in stock price volatility 3. On July 22, MarketBeat pointed out that although AppLovin currently has a moderate buy rating among analysts, top analysts believe there are five stocks that are more worthy of investment than AppLovin. This news weakened market confidence in AppLovin, leading to a decline in its stock price. The mobile gaming industry is sensitive to consumer spending, increasing risks. ScienceSoft rose by 4.57%. Based on recent news, 1. On July 24, the U.S. Department of Veterans Affairs awarded ScienceSoft a three-year contract worth $1.6 billion to overhaul the medical benefits and services support system for veterans. This news drove up ScienceSoft's stock price. 2. On July 24, U.S. AI application software stocks collectively rose, with ScienceSoft increasing by over 2%, leading the Dow Jones Industrial Average to rise by 150 points. 3. On July 23, Morgan Stanley lowered ScienceSoft's target price from $287 to $185, downgrading its rating to "hold," but there remains a divergence in the market regarding its future. AI application software stocks have performed strongly recently, and market sentiment is positive. **Stocks ranked at the top of the industry by market capitalization** SAP rose by 9.76%, with increased trading volume. Based on recent key news: 1. On July 24, SAP released its second-quarter financial report, with cloud business revenue growth exceeding expectations, driving up its stock price. The report showed that cloud revenue increased by 24% year-on-year to €6.28 billion, surpassing market expectations. 2. On July 24, Christian Kurt Klein, a member of SAP's executive board, increased his holdings in the company, demonstrating management's confidence in the company's prospects, further boosting market sentiment. 3. On July 24, SAP announced it would focus on expanding cloud revenue and AI capabilities to enhance customer trust, and the market responded optimistically to this strategy, driving up the stock price. Cloud business growth is strong, while traditional software revenue is declining ### Related Stocks - [KEEL.US](https://longbridge.com/en/quote/KEEL.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [APP.US](https://longbridge.com/en/quote/APP.US.md) - [CRM.US](https://longbridge.com/en/quote/CRM.US.md) - [SAP.US](https://longbridge.com/en/quote/SAP.US.md) ## Related News & Research - [Clear Street Keeps Their Buy Rating on Keel Infrastructure (KEEL)](https://longbridge.com/en/news/295528660.md) - [Keel Infrastructure flags Texas data-center moratorium as sign of tighter scrutiny on AI power demand](https://longbridge.com/en/news/295558617.md) - [Analyst Reiterates Buy on Keel Infrastructure with Unchanged $5.50 Price Target Amid Strong AI Data Center Demand](https://longbridge.com/en/news/295520400.md) - [Keel Infra says AI data center buildout shifts from gigawatts race to returns-focused quality contest](https://longbridge.com/en/news/294725864.md) - [Keel Infrastructure Stock Is Powering Higher Today: What's Driving The Move?](https://longbridge.com/en/news/289087748.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**