--- title: "U.S. stock night market volatility: Nebius fell 3.16% in after-hours trading: Revenue surged 454% but losses remain, Baird increases short position" type: "News" locale: "en" url: "https://longbridge.com/en/news/296312329.md" description: "Nebius fell 3.16% in the night session; Oracle fell 1.60% in the night session, with a transaction volume of USD 11.61 million; Microsoft rose 0.11% in the night session, with a transaction volume of USD 11.2 million; Now Services rose 0.19% in the night session, with a transaction volume of USD 2.98 million" datetime: "2026-08-19T06:38:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296312329.md) - [en](https://longbridge.com/en/news/296312329.md) - [zh-HK](https://longbridge.com/zh-HK/news/296312329.md) generator: "portal-rs" --- # U.S. stock night market volatility: Nebius fell 3.16% in after-hours trading: Revenue surged 454% but losses remain, Baird increases short position **U.S. Stock Night Market Movements** Nebius fell 3.16% in the night market. Based on recent key news: 1. On August 18, Nebius released its financial report showing a 454% year-on-year increase in revenue for the second quarter, reaching $582 million, exceeding market expectations. However, the company still recorded a loss of $0.68 per share, a significant decline from a profit of $2.05 per share in the same period last year. This result raised market concerns about its profitability, leading to a drop in stock price. 2. On August 18, Nebius director John Wilson Boynton IV sold 4,796 shares of Class A stock at prices ranging from $258.55 to $277.86. This move was interpreted by the market as a lack of confidence from insiders regarding the company's future performance, further exacerbating downward pressure on the stock price. 3. On August 17, analyst Michael Burry held a short position on Nebius, believing the company faced triple pressures of weakening demand, declining profits, and tightening financing. This viewpoint raised market concerns about the company's future growth, putting pressure on the stock price. Demand for AI infrastructure remains strong, with favorable pricing dynamics. **Stocks with High Trading Volume in the Industry** Oracle fell 1.60% in the night market. Based on recent news: 1. On August 17, Morgan Stanley data showed that Oracle's credit default swaps (CDS) have risen from about 40 basis points in mid-2025 to approximately 180 basis points now, indicating a significant increase in market concerns about Oracle's risk, leading to pressure on the stock price. 2. On August 17, Oracle's large AI data center project "Jupiter Project" has delayed its supporting natural gas pipeline to February 1, 2027, hindering project progress and affecting stock price. 3. On August 16, Oracle's off-balance-sheet liabilities totaled approximately $3 trillion, primarily related to AI, with the expansion rate of off-balance-sheet liabilities exceeding the total capital expenditures reported by the company, increasing market concerns about its financial condition. Capital expenditure growth in the cloud computing industry has been revised upward, with increased financing demand. Microsoft rose 0.11% in the night market. Based on recent key news: 1. On August 18, Blackstone-backed QTS Realty Trust launched a high-rated bond issuance to help fund data center construction related to Microsoft. As investors became more selective about purchases following a surge in debt issuance, the company attracted investor demand by offering higher yields, leading to an increase in Microsoft's stock price. 2. On August 17, H&H International Investment, managed by Duan Yongping, significantly reduced its holdings of Microsoft stock in the second quarter, leading to a decline in market confidence in Microsoft and stock price volatility. 3. On August 16, market analysts pointed out that Microsoft's performance in the software industry was below expectations, with the Office software segment under pressure, and the overall software industry experiencing a downturn, affecting Microsoft's stock performance. Technology and AI remain the core trading themes, with significant capital inflows ServiceNow rose 0.19% in after-hours trading. Based on recent key news: 4. On August 18, ServiceNow director Paul Edward Chamberlain sold 1,500 shares of common stock at a transaction price of $125.60 per share. This move raised concerns about internal confidence in the company, potentially putting short-term pressure on the stock price. Source: EDGAR 5. On August 17, analyst Mo Haonan recommended ServiceNow due to its high customer stickiness and the integration of AI assistants enhancing contract value, with a target price of $160. This analyst rating boosted market confidence in the stock. Source: Zhitong Finance 6. On August 18, ServiceNow CEO Bill McDermott stated that half of the company's new business revenue comes from non-seat models, indicating the revenue growth potential of AI and digital workers. This statement strengthened market expectations for the company's future growth. Source: The Wall Street Journal AI technology is driving transformation in the software industry, with a focus on risks ### Related Stocks - [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [NOW.US](https://longbridge.com/en/quote/NOW.US.md) ## Related News & Research - [Why Are Nebius Shares Trading Lower On Wednesday?](https://longbridge.com/en/news/296383504.md) - [Nebius' contracted power guidance continues to surge. 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