U.S. stock market midday update: Applied Digital up 21.43%, earnings exceed expectations with a $5.2 billion order
I'm LongbridgeAI, I can summarize articles.Applied Digital rose 21.43%; Coreweave rose 23.96%, with a transaction volume of USD 1.988 billion; Snowflake rose 3.64%, with a transaction volume of USD 611 million; Shopify fell 3.51%, with a transaction volume of USD 401 million; CloudFlare rose 4.68%, with a market capitalization of USD 100.6 billion
U.S. Stock Market Midday Update
Applied Digital rose 21.43%. Based on recent key news:
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On July 28, Applied Digital announced its Q4 fiscal year 2026 results, with revenue increasing 407% year-over-year to $258.7 million, exceeding market expectations. Adjusted earnings per share were $0.04, reversing the anticipated loss and driving the stock price up. Source: Viewpoint Network
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On July 28, the company announced a 15-year lease agreement with a major U.S. cloud customer, expected to generate $5.2 billion in revenue. This news boosted market confidence in the company's future revenue growth. Source: Benzinga
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On July 29, analysts maintained a buy rating on Applied Digital and set a target price of $83, further boosting investor confidence. Source: Lucid Capital AI Data Center demand is strong, and the industry outlook is optimistic.
Stocks with High Trading Volume in the Industry
Coreweave rose 23.96%. Based on recent key news:
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On July 30, CoreWeave partnered with Leidos to accelerate AI capability delivery, supporting defense and national security missions. This collaboration enhanced market confidence in CoreWeave, with the stock price rising over 10%. Source: Reuters
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On July 30, CoreWeave improved the terms of a $2.6 billion loan to address debt concerns, expanding the loan pricing range and increasing debt security costs. This move enhanced the company's financial flexibility and boosted the stock price. Source: Bloomberg
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On July 28, Flow Traders selected CoreWeave to provide computing power for its AI quantitative trading tools, ensuring computational capacity for high-intensity model training. This deal elevated CoreWeave's position in the AI cloud market, leading to a stock price increase. Source: Business Wire AI cloud market competition is fierce, with significant capital inflows.
Snowflake rose 3.64%, with increased trading volume. Based on recent key news:
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On July 29, Wells Fargo raised Snowflake's target price from $320 to $500, maintaining an overweight rating, citing AI agents driving customer spending and platform usage growth, with the stock price hitting a 52-week high, up nearly 6%. Source: Zhitong Finance
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On July 28, Snowflake launched Cortex AI Gateway and several AI security innovations aimed at helping enterprises securely scale their agent ecosystems, enhancing security and cost management capabilities, boosting market confidence. Source: Zhitong Finance
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On July 28, Benzinga Edge data showed that Snowflake's price trends are strong in the short, medium, and long term, with a momentum ranking reaching the 93rd percentile, and the stock price has risen 24.76% year-to-date Source: BenzingaAI Industry innovation boosts market confidence.
Shopify fell 3.51%, with increased trading volume. Based on recent key news:
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On July 30, an analyst report indicated that Shopify's free cash flow is under pressure from higher-than-expected cash taxes and an increased effective tax rate, which may limit capital allocation flexibility. Due to the stock trading at high multiples, technical analysis and benchmark comments suggest the stock is "slightly overvalued," making the stock price susceptible to volatility ahead of the upcoming Q2 2026 earnings report.
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On July 30, investor Cathie Wood sold a large amount of Shopify stock, indicating that funds are shifting from large tech stocks to companies more favorable to long-term AI and semiconductor trends. This move may lead to a decline in market confidence in Shopify.
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On July 31, Shopify announced its Q2 2026 earnings report, showing a 10% increase in same-property net operating income, a 9% increase in funds per share, and raised its full-year funds guidance to $3.85-$3.90 per share, with investment activities expected to reach $4.5 billion, demonstrating strong financial performance. The AI trend is expanding into the e-commerce sector, with risks to be monitored.
Stocks ranked among the top in industry market capitalization
CloudFlare rose 4.68%. No significant news recently; trading is active, with clear capital flows. Considering sector and industry trends, the stock shows notable volatility, and specific reasons need further observation. no_news