U.S. Stock Night Market Movements

Meta fell 6.99% in the night market. Based on recent key news:

1. On July 30, Meta announced its second-quarter results. Although revenue slightly exceeded expectations, earnings per share were far below market estimates, and the third-quarter guidance was also below Wall Street expectations, leading to a post-market plunge of over 9%. This news raised concerns about its profitability.

2. On July 30, Zuckerberg stated in a conference call that open-source AI models are not as powerful as cutting-edge models, further exacerbating market doubts about Meta's return on investment in the AI field, causing the stock price to drop.

3. On July 29, Meta's stock price fell for the tenth consecutive day, with increasing market concerns about its AI investments, leading to continued pressure on the stock price. Tech stocks are under pressure, and the return on AI investments is in doubt.

Stocks with High Trading Volume in the Industry

Google-A fell 0.15% in the night market. Based on recent key news:

1. On July 28, the EU made an unfavorable ruling against Google under the Digital Markets Act, which could trigger about $10 billion in damages lawsuits, increasing antitrust pressure and causing the stock price to drop. Source: Zhitong Finance

2. On July 27, Google raised its capital expenditure guidance for 2026 to $195 billion to $205 billion, raising market concerns about short-term cash flow and the return on AI investments, leading to pressure on the stock price. Source: CITIC Securities

3. On July 27, JP Morgan reiterated its "Overweight" rating on Google. Despite the increase in capital expenditure, it remains optimistic about its long-term competitiveness, providing some support for the stock price. Source: JP Morgan

Google-C fell 0.10% in the night market. Based on recent key news:

1. On July 27, Google raised its capital expenditure guidance for 2026 to $195 billion to $205 billion, showing the company's long-term confidence in the AI industry. This move may lead to increased short-term cash flow pressure, causing a slight decline in the stock price. Source: CITIC Securities

2. On July 28, Google reported a negative free cash flow of $5.9 billion in the second quarter, marking the first negative value in history. The market expressed concerns about its high AI capital expenditures, leading to pressure on the stock price. Source: Zhitong Finance

3. On July 29, Google committed to covering $44 billion in data center lease payments, reflecting the company's efforts to expand TPU sales, which heightened market concerns about its financial obligations. Source: Jinshi Data

Reddit rose 1.13% in the night market. Based on recent key news:

1. On July 29, KeyBanc released a report giving Reddit an "Overweight" rating with a target price of $225. Analysts pointed out that Reddit's ongoing investment in community building and advertising monetization is expected to create a sustainable growth business with annual revenue growth exceeding 30% and an EBITDA profit margin of up to 50%. This news drove the stock price up

2. On July 29, Reddit's stock price rose by 1.94% before the release, reaching $181.91. The market is optimistic about its upcoming financial report, expecting it to continue to exceed earnings expectations and further boost investor confidence.

3. On July 28, Wells Fargo predicted that Reddit's new data agreement could generate up to $550 million in revenue annually. This move will directly translate into net profit, helping to restore investor confidence and drive up the stock price. The AI industry is experiencing strong growth, and the advertising market is volatile