---
title: "U.S. Stock Market Midday Update: Cipher Digital down 9.38%: Huge losses and high expenses weigh heavily, AI transformation fails to mask valuation risks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296643545.md"
description: "Cipher Digital fell 9.38%; Palantir Tech rose 2.66%, with a transaction volume of USD 4.926 billion; Strategy rose 6.78%, with a transaction volume of USD 4.126 billion; Circle rose 4.42%, with a transaction volume of USD 1.911 billion; SAP rose 0.46%, with a market value of USD 251.7 billion"
datetime: "2026-08-21T18:18:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296643545.md)
  - [en](https://longbridge.com/en/news/296643545.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296643545.md)
generator: "portal-rs"
---

# U.S. Stock Market Midday Update: Cipher Digital down 9.38%: Huge losses and high expenses weigh heavily, AI transformation fails to mask valuation risks

**U.S. Stock Market Midday Update**

Cipher Digital fell 9.38%, with increased trading volume. Based on recent key news:

1.  On August 21, Cipher Digital's stock price dropped to a critical support level near $14, with selling pressure continuing as buyers attempted to defend against the pullback. According to Benzinga Pro data, Cipher Digital's stock price fell 8.98% to $15.66.

2.  On August 19, the company reported a quarterly net loss of $267.5 million, with a decline in Bitcoin mining revenue. Despite progress in high-performance computing and AI data centers, significant project interest expenses and capital expenditures made the stock vulnerable to macroeconomic shocks. According to Benzinga Pro data, Cipher Digital's stock price fell 8.86% to $16.86.

3.  On August 22, MarketBeat reported that although Cipher Mining currently has a moderate buy rating among analysts, top analysts believe there are five stocks that are more worthy of purchase. Macroeconomic shocks are impacting Bitcoin mining revenue.

**Top Stocks by Industry Trading Volume**

Palantir Tech rose 2.66%. Based on recent key news:

1.  On August 20, Palantir announced the launch of its second Sovereign Training Camp in Miami, attracting nearly 200 organizations. This initiative accelerated the onboarding of new clients, driving the stock price up.

2.  On August 19, Palantir's Q2 financial report showed a 93% increase in revenue, a 149% increase in U.S. commercial sales, and free cash flow reaching $1.22 billion. These strong financial figures boosted market confidence, pushing the stock price higher.

3.  On August 20, Palantir CEO Alex Karp sold over 402,000 shares of stock, valued at approximately $70.3 million. Although this move may exert short-term pressure on the stock price, overall market sentiment remains positive. The AI industry is growing rapidly, and market sentiment is optimistic.

Strategy rose 6.78%, with active trading. Based on recent key news:

1.  On August 21, Strategy supplemented liquidity by selling Bitcoin, with increased selling activity affecting market confidence. The company sold 3,328 Bitcoins between July 27 and August 9, raising approximately $213.3 million. Source: Zhito Finance

2.  On August 21, Bitcoin prices rebounded significantly by over 20%, and the book value of the Bitcoins held by Strategy saw a substantial recovery, with unrealized gains of approximately $1.276 billion, boosting shareholder confidence. Source: Golden Finance

3.  On August 20, Wall Street injected substantial funds into Strategy in the second quarter, with institutional holdings net increasing by approximately $695 million, indicating market confidence in its strategic turning point. Source: Woofun AI Bitcoin rebound, market sentiment optimistic Circle rose by 4.42%. Based on recent key news:

4.  On August 19, Circle minted $250 million USDC on the Solana chain, driving up the stock price. Circle minted 250,000,000 USDC, approximately $250 million, through the USDC Treasury on Solana. Source: Jinse Finance

5.  On August 20, analysts set an average target price of $98.61 for Circle stock, indicating a 25% upside potential. This rating is based on 13 buy, 5 hold, and 3 sell recommendations over the past three months. Source: Benzinga

6.  On August 21, the chairman of the U.S. Commodity Futures Trading Commission announced the initiation of a regulatory framework for the cryptocurrency market, boosting market confidence. If the Digital Asset Market Clarity Act cannot advance due to congressional gridlock, the agency will use its existing authority to formulate relevant rules. Source: Zhitong Finance

**Stocks ranked among the top in industry market capitalization**

SAP rose by 0.46%, with increased trading volume. Based on recent key news:

1.  On August 21, SAP and professional esports club Team Liquid jointly launched an AI voice intelligence application to enhance professional esports data analysis and improve player performance. This move has strengthened market confidence in SAP's technological innovation, supporting the stock price increase.

2.  On August 20, SAP issued an urgent security vulnerability announcement regarding its core enterprise platform, raising the risk of customer disruptions and leading to selling pressure during trading. This incident puts pressure on SAP's short-term operating profit margins, affecting the stock price.

3.  On August 19, SAP deployed optical encryption technology from Adva Network Security to enhance the security of connections between data centers in Germany. This move demonstrates SAP's commitment to data protection and increases market trust in its security measures. Cloud computing growth is slowing, and pricing models are changing

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**