--- title: "U.S. Stock Market Midday Update: Bending Spoons up 13.4%: Target price raised to $72, welcoming its first financial report" type: "News" locale: "en" url: "https://longbridge.com/en/news/295560536.md" description: "Bending Spoons Spa rose 13.40%; Palantir Tech fell 1.21%, with a trading volume of USD 3.77 billion; Riot Platforms rose 2.89%, with a trading volume of USD 1.024 billion; IREN rose 2.37%, with a trading volume of USD 816 million; SAP rose 0.05%, with a market capitalization of USD 240.8 billion" datetime: "2026-08-11T16:23:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295560536.md) - [en](https://longbridge.com/en/news/295560536.md) - [zh-HK](https://longbridge.com/zh-HK/news/295560536.md) --- # U.S. Stock Market Midday Update: Bending Spoons up 13.4%: Target price raised to $72, welcoming its first financial report **U.S. Stock Market Midday Update** Bending Spoons Spa rose by 13.40%. Based on recent key news: 1. On August 11, Mizuho raised the target price for Bending Spoons from $45 to $72.28, implying an upside of about 41% from the last closing price. This move drove the stock price up, reflecting market optimism about the company's future growth. 2. On August 11, Bending Spoons is set to release its first public financial report on August 13, and the market is eagerly anticipating its acquisition transformation progress and capital deployment plans, further stimulating the stock price increase. 3. On August 11, 70% of brokerages rated Bending Spoons as "buy" or higher, while 30% maintained a "hold" stance, reflecting market recognition of its long-term value. The technology sector has performed strongly recently, with significant capital inflows. **Stocks with High Trading Volume in the Industry** Palantir Tech fell by 1.21%. Based on recent key news: 1. On August 10, Palantir executive Sankar sold a large amount of stock, leading to negative market sentiment regarding internal confidence in the company. Sankar converted 35,000 shares of Class B stock to Class A stock and sold them at prices between $153.40 and $157.44, with internal sales reaching $43.7 million over the past three months. Source: TipRanks 2. On August 11, investor Michael Burry purchased put options on Palantir, further reinforcing his bearish stance on the company. Burry bought options with strike prices between $100 and $150, indicating he expects a significant decline in the stock price. Source: Cassandra Unchained 3. On August 10, the market expressed concerns about the profitability of Palantir's AI platform, leading to stock price volatility. Institutions worry that the high valuation of the AI platform may not quickly translate into high-margin recurring revenue, while the instability of government contracts also increases quarterly revenue volatility. Source: Zhitong Finance Strong demand in the AI industry, but valuation pressure is evident. Riot Platforms rose by 2.89%. Based on recent key news: 1. On August 11, Riot Platforms reached a long-term data center leasing agreement worth $9.1 billion with AI company Anthropic, providing 191 megawatts of computing power resources. This agreement is expected to bring significant revenue growth, driving the stock price up. Source: Caixin 2. On August 11, Riot Platforms announced its second-quarter financial report, with revenue exceeding market expectations and strong performance in its data center business. This financial result further boosted market confidence, leading to a rise in stock price. Source: Bloomberg 3. On August 11, analysts from Needham and Cantor Fitzgerald raised the target price for Riot Platforms to $30, maintaining a buy rating. The analysts' positive evaluations support the stock price. Source: FactSet AI computing demand drives cloud computing stocks up. IREN rose 2.37%, with active trading. Based on recent key news: 1. On August 11, Riot Platforms reached an $9.1 billion agreement with Anthropic to promote the development of AI data centers. This collaboration is set to deliver its first capacity by 2027, with IREN transitioning from a Bitcoin mining company to an AI infrastructure provider, enhancing market expectations for its future growth. Source: BlockBeats 2. On August 11, Serenity pointed out that the revenue inflection point for AI data center companies may occur in the second half of 2027, and IREN's transformation is seen as part of an industry trend, boosting investor confidence. Source: Jinse Finance 3. On August 11, IREN's AI opportunities are rapidly expanding, with increased market attention on its long-term growth potential. Source: Unspecified source AI data center industry growth potential is significant. **Stocks ranked among the top in industry market capitalization** SAP rose 0.05%. Based on recent key news: 1. On August 5, BlackRock increased its voting rights stake in SAP from 6.74% to 6.75%. This change indicates enhanced investor confidence in SAP, leading to a slight increase in stock price. Data source: Public Technologies 2. On August 9, SAP faces pressure from new competitors offering lighter, faster, and cheaper solutions. The market is cautious about SAP's old system lock-in strategy, affecting stock price fluctuations. Data source: Gartner, Reuters 3. No other significant news recently. 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