U.S. Stock Market Midday Update

Nebius rose 26.69%. Based on recent key news:

1. On July 30, Nebius announced it will release its second-quarter financial report on August 12, expecting revenue of approximately 4.285 billion rubles, but may record a loss of about 51.46 rubles per share. This news attracted market attention and drove the stock price up.

2. On July 29, Nebius received a $2 billion investment from NVIDIA and signed a $27 billion computing power procurement agreement with Meta, showing rapid business expansion and boosting investor confidence.

3. On July 28, market analysis pointed out that Nebius is overvalued; despite strong demand, it needs to continue raising billions of dollars for infrastructure development before generating free cash flow. This analysis raised concerns among some investors, but the overall market response was positive. The demand for AI infrastructure is strong, and the industry outlook is optimistic.

Stocks with High Trading Volume in the Industry

Microsoft rose 14.37%. Based on recent key news:

1. On July 30, Microsoft released its Q4 FY2026 earnings report, showing strong performance in its cloud business, with Azure revenue surpassing $100 billion for the first time, driving the stock price up in after-hours trading. The report showed operating revenue of $90 billion, exceeding market expectations of $87.7 billion, with analysts expecting earnings per share of $4.25, while the actual was $4.74. Source: Jin Shi Data

2. On July 30, Microsoft announced a 43% increase in Azure cloud computing revenue, higher than analysts' expectations of 40%. This growth reflects enterprise customers' continued preference for Microsoft's computing infrastructure and AI services. Source: Economic Information Agency

3. On July 30, Piper Sandler raised Microsoft's target stock price to $550 due to strong growth in its cloud business and an increase in AI paying users. Source: Now News Channel

Oracle rose 7.75%, with active trading. Based on recent key news:

1. On July 30, Oracle expanded its cooperation with Google, incorporating Google's Gemini model into its enterprise application product portfolio. This collaboration helps enhance Oracle's competitiveness in the AI field, driving the stock price up. Source: Golden Finance

2. On July 30, Oracle faced increased financial pressure due to massive investments in AI infrastructure, with credit default swap (CDS) spreads reaching a historic high, reflecting market concerns about its credit risk. Source: Bloomberg

3. On July 28, Oracle's five-year CDS rose to 215 basis points, indicating heightened investor concerns about its debt risk. Source: London Stock Exchange Data The AI investment boom has raised market concerns about the return cycle.

Now Services fell 6.43%. Based on recent key news:

1. On July 28, the market focused on massive capital expenditures in artificial intelligence, with ServiceNow quietly building its enterprise AI business. The company provides workflow automation solutions for IT, human resources, and cybersecurity, monetizing the demand for enterprise AI. This news failed to boost the stock price and instead raised market concerns, leading to a decline in stock price.

2. On July 27, ServiceNow's stock was affected by an overall sell-off in the SaaS industry. With weakened market confidence in SaaS companies, ServiceNow's stock price came under pressure, further leading to a decline.

3. On July 28, analysts maintained a consistent buy rating for ServiceNow, but concerns about the slow conversion progress of the high-margin "Pro Plus" subscription intensified. Regulatory pressure from federal departments and increased infrastructure spending led to compressed operating profits, further impacting the stock price. The overall performance of the SaaS industry was weak, with high market attention on AI capital expenditures.

Stocks ranked among the top in industry market capitalization

Palo Alto Networks rose by 0.90%. Based on recent key news:

1. On July 29, Palo Alto Networks announced the acquisition of Embrace to enhance its user monitoring capabilities. This move aims to improve the performance of its observability platform, driving the stock price up. Source: Seeking Alpha

2. On July 27, Bank of America raised the target price for Palo Alto Networks to $420 due to rising valuations in the cybersecurity field and accelerated AI applications. This move boosted market confidence, driving the stock price up. Source: CaiLianShe

3. On July 27, analysts maintained a "buy" rating for Palo Alto Networks, raising the target price, reflecting an optimistic outlook on its long-term growth prospects. Source: CaiLianShe The valuation in the cybersecurity industry is rising, and AI applications are accelerating