U.S. Stock Market Midday Update

Terawulf rose 20.11%, with increased trading volume. Based on recent key news:

1. On July 28, TeraWulf's progress on the campus project built for Anthropic drew market attention. The project is expected to be operational by the second half of 2027, involving significant capital investment and long-term contracts, leading to uncertainty about its future earnings and driving stock price volatility.

2. On July 29, analysts rated TeraWulf as a moderate buy, but it was not included in the top recommendations. Nevertheless, the market remains cautious about its future performance, affecting the stock price.

3. On July 30, market interest in AI infrastructure stocks increased, with TeraWulf being one of the related companies attracting investor attention, pushing the stock price up. The demand for AI infrastructure is growing, intensifying market volatility.

Stocks with High Trading Volume in the Industry

IREN rose 28.80%, with a trading volume of $1.606 billion. Based on recent key news:

1. On July 30, IREN's stock price rose 9.11% in pre-market trading, reaching $31.98. Although a golden cross occurred in May (the 50-day moving average exceeded the 200-day moving average), the stock price subsequently fell below these long-term averages, weakening this bullish signal. Recent turning points in the chart have reinforced volatility: a peak in June and a low in July, with the stock price breaking below support in July, typically indicating that previous buyers may become sellers during a rebound.

2. On July 30, analysts expressed concerns about intensified competition in the new cloud industry, as SpaceX began selling excess GPUs to Google and Anthropic, with Meta also having similar plans. Nevertheless, IREN remains a leader in analysts' stock comparison tools, with an expected upside of 157% and an average target price of $75.18.

3. On July 30, although IREN currently has a moderate buy rating among analysts, top analysts believe there are five stocks that are more worthy of purchase than IREN. The competition in the new cloud industry is intensifying, with clear capital flows.

Palantir Tech fell 1.03%. Based on recent key news:

1. On July 29, Palantir's stock price dropped 5.86%, as investors expressed concerns about its high valuation and intensified competition in the AI market. According to Benzinga Pro data, the stock price fell to $123.82.

2. On July 30, analysts expect Palantir's second-quarter revenue to reach $1.81 billion, a year-on-year increase of 81%. Although analysts maintain a buy rating, the market still has doubts about its high valuation.

3. On July 28, analysts pointed out that Palantir's expected sales valuation of 38.3 times is difficult to sustain under current AI market conditions, leading to uncertainty about its future performance. Capital expenditures in the AI industry have caused market divergence AppLovin rose 0.15%, with increased trading volume. Based on recent key news:

4. On July 27, AppLovin's stock price increased by 5.33%, as the market was optimistic about its AI-driven AXON advertising engine and strategic shift towards high-margin software services. Institutional investors expect profit margins to expand and user acquisition costs to stabilize. Analysts maintained a buy rating, with an average target price of $654.04.

5. On July 28, SEC Form 4 filings showed that senior executives sold a large amount of stock after the peak in share price, which typically signals to institutional investors that management believes the current stock price is a short-term high.

6. On July 28, competitors Google and Meta enhanced their AI-driven attribution and targeting tools, which may weaken AppLovin's technological advantage in the mobile app installation market. The competition in AI technology has intensified, increasing market volatility risks.

Stocks ranked among the top in industry market capitalization

SAP fell 3.61%, with increased trading volume. Based on recent key news:

1. On July 28, analysts expressed concerns about the slowdown in growth of SAP's cloud ERP suite, as enterprise customers extended sales cycles and reviewed high-cost AI-driven software migrations, putting pressure on the stock price. Source: Zhitong Finance

2. On July 29, SAP's second-quarter performance was strong, with significant contributions from cloud and core businesses, and analysts maintained a target price of €210, supporting stock price stability. Source: Jinshi Data

3. On July 30, SAP's public sector revenue faced risks after federal raids on key distribution partners, leading analysts to worry that regulatory scrutiny could freeze public sector transaction pipelines, causing stock price volatility. Source: Wall Street Insight The economic weakness in the Eurozone affects SAP's regional revenue