--- title: "U.S. stock market midday update: Microsoft rises 17.17% to set a record, strong AI earnings report ignites market value" type: "News" locale: "en" url: "https://longbridge.com/en/news/294401272.md" description: "Microsoft rose 17.17%; Nebius rose 26.18%, with a transaction volume of USD 6.252 billion; Oracle rose 7.39%, with a transaction volume of USD 3.327 billion; Now Services fell 4.87%, with a transaction volume of USD 2.277 billion; Paito Network rose 3.33%, with a market value of USD 264.5 billion" datetime: "2026-07-30T18:13:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294401272.md) - [en](https://longbridge.com/en/news/294401272.md) - [zh-HK](https://longbridge.com/zh-HK/news/294401272.md) --- # U.S. stock market midday update: Microsoft rises 17.17% to set a record, strong AI earnings report ignites market value **U.S. Stock Market Midday Update** Microsoft rose 17.17%, with increased trading volume. Based on recent key news: 1. On July 30, Microsoft announced strong earnings, with cloud business and AI user growth exceeding expectations. Azure revenue grew by 43%, driving the stock price up. Source: Jin Shi Data 2. On July 30, analysts raised their target prices for Microsoft, reflecting market confidence in its AI strategy. Goldman Sachs raised its target price to $640. Source: AASTOCKS 3. On July 31, Microsoft's market capitalization increase set a historical record, with an intraday rise of 17%, adding $490 billion in market value. Source: Now News Channel Technology stocks performed strongly, with AI investments attracting attention. **Stocks with High Trading Volume in the Industry** Nebius rose 26.18%. Based on recent key news: 1. On July 30, Nebius announced a five-year, $27 billion computing power procurement agreement with Meta, driving the stock price up. The partnership with Meta further solidified Nebius's position in the AI infrastructure sector, attracting investor attention. 2. On July 29, Nebius planned to release its second-quarter earnings report on August 12, with market expectations for revenue growth, but potential losses. The pre-report expectations drove stock price volatility. 3. On July 28, analysts pointed out that Nebius's valuation is too high; despite strong demand, it needs to continue raising funds for infrastructure development, affecting stock performance. Analysts' warnings raised market concerns about the company's future financial situation. Strong demand for AI infrastructure and increasing industry competition. Oracle rose 7.39%. Based on recent key news: 1. On July 30, Oracle announced an expansion of its partnership with Google Cloud, introducing the Gemini model into its enterprise application product suite. This news significantly boosted the stock price both pre-market and intraday, with an increase of over 8% at one point. Source: Golden Finance 2. On July 28, Oracle faced increased financial pressure due to massive AI data center investments, with credit default swap (CDS) spreads reaching a historical high. S&P downgraded its credit rating to the lowest investment grade, just one step away from junk status. Source: Bloomberg 3. On July 28, investors grew increasingly concerned about the risks of massive investments in AI infrastructure by tech companies, with Oracle's credit default swap spreads rising to 215 basis points, indicating market attention to its debt risk. Source: London Stock Exchange Group Data AI investment risks are increasing, and the market is cautious. ServiceNow fell 4.87%. Based on recent key news: 1. On July 28, market attention to massive capital expenditures in large-scale artificial intelligence led ServiceNow to quietly position itself in the enterprise AI business. The workflow automation solutions provided by the company are widely used in IT, human resources, and cybersecurity, driving stock price fluctuations 2. On July 29, ServiceNow's stock price rose by 2.42%, as it remains a major holding in several technology ETFs, reflecting market confidence in its long-term growth potential. 3. On July 28, analysts maintained a consistent buy rating for ServiceNow, with an average target price of $137.28, further supporting the market's optimistic expectations for its future performance. The demand in the AI industry is growing, and market volatility is increasing. **Stocks ranked among the top in industry market capitalization** Palo Alto Networks rose by 3.33%. Based on recent key news: 1. On July 29, Palo Alto Networks announced plans to acquire Embrace to enhance its observability platform's user monitoring capabilities. This move is seen as a significant expansion of the company's technical capabilities, driving the stock price up. 2. On July 29, Seeking Alpha analysts maintained a sell rating for Palo Alto Networks due to valuation concerns and potential risks for future increases. Nevertheless, Wall Street analysts hold a more optimistic view on the stock, with 45 analysts giving buy or higher ratings. 3. On July 28, 24/7 Wall St. published an article recommending three cybersecurity stocks but did not include Palo Alto Networks. Nonetheless, the market's expectations for growing demand in cybersecurity continue to support Palo Alto Networks' stock price. 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