U.S. Stock Market Midday Update

Coreweave rose 23.14%. Based on recent key news:

1. On July 30, CoreWeave partnered with Leidos to accelerate the application of AI capabilities in defense and national security missions. This collaboration boosted market confidence in CoreWeave, driving the stock price up over 10%. Source: Reuters

2. On July 30, CoreWeave improved the terms of a $2.6 billion loan to address debt concerns. This move enhanced investor confidence in the company's financial stability, resulting in a stock price increase. Source: Bloomberg

3. On July 28, Flow Traders selected CoreWeave as its primary cloud provider for AI quantitative trading tools. This deal brought new business growth opportunities to CoreWeave, positively impacting its stock price. Source: Business Wire. The competition in the AI cloud industry is intensifying, and risks need to be monitored.

Stocks with High Trading Volume in the Industry

Snowflake rose 2.73%, with a trading volume of $466 million. Based on recent key news:

1. On July 29, Wells Fargo raised Snowflake's target price from $320 to $500, maintaining an overweight rating, stating that AI agents are driving customer spending and platform usage growth, with the stock price rising nearly 6% intraday, reaching a 52-week high.

2. On July 28, Snowflake launched Cortex AI Gateway and several AI security innovations aimed at helping enterprises securely scale their agent ecosystems, addressing security and cost control issues, thereby enhancing market confidence.

3. On July 28, a Benzinga report indicated that Snowflake's price trends are strong in the short, medium, and long term, with a momentum ranking reaching the 93rd percentile, further driving the stock price up. Innovations in the AI industry are boosting market confidence.

Applied Digital rose 21.83%. Based on recent key news:

1. On July 27, Applied Digital announced its Q4 fiscal year 2026 financial report, with revenue increasing 407% year-over-year to $258.7 million, and adjusted earnings per share of $0.04, successfully turning a loss into a profit, which encouraged the stock price to rise nearly 3% after hours.

2. On July 28, Applied Digital signed a 15-year lease with a major U.S. cloud customer, expected to contribute $5.2 billion in revenue over the contract period, further solidifying the company's financial foundation and driving the stock price up.

3. On July 28, analysts expressed positive evaluations of Applied Digital's performance, with Needham maintaining a buy rating and a target price of $83, leading to a positive market reaction and an increase in stock price. Demand for AI data centers is strong, and the industry outlook is optimistic CloudFlare rose 4.60%. Based on recent key news:

4. On July 27, Cloudflare announced the launch of a new classification mechanism and business collaboration to enhance content exposure and monetization capabilities. This move aims to assist website owners in collaborating with AI companies, driving up stock prices.

5. On July 27, Bank of America raised Cloudflare's target stock price to $330, maintaining a "Buy" rating. Analysts expect its revenue growth to remain above 20%, driving up stock prices.

6. On July 24, analyst Tal Liani reaffirmed a "Buy" rating on Cloudflare and set a target price of $330, further boosting market confidence. The valuation of the cybersecurity industry is rising, and AI applications are accelerating.

Stocks ranked among the top in industry market capitalization

Shopify fell 3.93%. Based on recent key news:

1. On July 27, Shopify projected that operating expenses would increase to the mid-to-high double-digit percentage range, raising market concerns about its profitability. Due to inflationary pressures and high interest rates, the gross merchandise volume of Shopify's core small and medium-sized business merchants has been affected, leading to a decline in stock prices.

2. On July 28, Shopify partnered with DoorDash to allow U.S. brick-and-mortar merchants to add their product catalogs to the DoorDash marketplace. This initiative aims to expand merchants' sales channels but has not significantly boosted stock prices.

3. On July 30, analyst reports indicated that Shopify's free cash flow is under pressure from higher-than-expected cash taxes and an increased effective tax rate, limiting the company's capital allocation flexibility. Technical analysis shows that the stock is slightly overvalued, increasing volatility risk. AI is expanding into the e-commerce sector, intensifying industry competition