U.S. stock market update: Snowflake down 3.89%

Tracking Unusual Activity
2025.09.16 15:58
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Snowflake fell 3.89%; Coreweave fell 2.66%, with a transaction volume of USD 2.156 billion; Shopify fell 1.34%, with a transaction volume of USD 420 million; Applied Digital rose 0.47%, with a transaction volume of USD 230 million; CloudFlare fell 2.12%, with a market capitalization of USD 77.1 billion

U.S. Stock Market Midday Update

Snowflake fell 3.89%, with increased trading volume. According to recent key news:

  1. On September 16, Snowflake partnered with Peraton to enhance government anti-fraud capabilities using AI analytics and cloud infrastructure. This collaboration may boost the company's influence in government sectors but failed to immediately lift the stock price.

  2. On September 15, analysts rated Snowflake as "Moderate Buy," but it was not included in the top recommended stocks, reflecting a cautious market outlook on its future performance.

  3. On September 13, Snowflake reported a 32% year-over-year growth in product revenue for the last quarter, with a net revenue retention rate of 125%, demonstrating strong profitability and customer demand, but it could not prevent the stock price from declining. Technology stocks showed overall volatility, necessitating attention to risks.

Stocks with High Trading Volume in the Industry

Coreweave fell 2.66%. According to recent key news:

  1. On September 15, CoreWeave signed a new order agreement worth $6.3 billion with Nvidia, requiring Nvidia to purchase unsold cloud capacity. This news drove CoreWeave's stock price up nearly 9%. Source: Reuters

  2. On September 15, Kerrisdale Capital released a report shorting CoreWeave, highlighting its high debt and lack of competitive moat, which pressured the stock price. Source: Kerrisdale Capital

  3. On September 16, Deutsche Bank rated CoreWeave as "Buy," expecting significant revenue upgrades to drive the stock price up. Source: Deutsche Bank. The demand in the cloud computing industry is strong, but risks are high.

Shopify fell 1.34%, with increased trading volume. According to recent key news:

  1. On September 15, Shopify partnered with ReBound Returns to provide advanced return solutions, enhancing customer satisfaction and brand loyalty. However, the market's reaction to this collaboration was limited, failing to significantly boost the stock price.

  2. On September 16, MarketBeat's analysis showed that although Shopify was rated as "Moderate Buy," top analysts favored five other stocks more, impacting market confidence in Shopify.

  3. On September 16, analysts noted that despite Shopify's strong performance in free cash flow growth, recent market preferences for growth stocks have weakened, affecting stock performance. The market's preference for growth stocks has diminished.

Applied Digital rose 0.47%. Based on recent key news:

  1. On September 15, analysts rated Applied Digital as Strong Buy, with a target price of $19.94, indicating a 6.75% upside from current levels This positive analyst consensus has driven the stock price up. Data source: TipRanks.

  2. On September 13, strong demand for AI data centers boosted the stock prices of related companies, including Applied Digital. However, the company faces risks from high debt and financing options. Data source: Market Analysis.

  3. On September 13, Spark's AI analyst rated APLD stock as neutral, noting that despite challenges in financial performance, technical indicators and strategic events show growth potential. Data source: Spark. Strong demand for AI data centers, but risks remain.

Stocks Ranked Among the Top by Market Capitalization in the Industry

CloudFlare fell 2.12%. According to recent key news:

  1. On September 15, MarketBeat's analysis showed that although Cloudflare was rated as "Moderate Buy," top analysts believe there are five stocks that are more worthy of investment, which may lead to a decline in investor confidence and pressure on the stock price.

  2. On September 13, large capital investors in the market held a bullish outlook on Cloudflare, with options trading indicating that 47% of investors expect the stock price to rise, which may provide support for the stock price.

  3. On September 13, Cloudflare's option prices were low, and the volatility index indicated that the market had low expectations for its volatility, but its volatility scorecard showed that volatility exceeded expectations over the past year, which may lead to differing expectations for its future performance. The market has low expectations for Cloudflare's volatility

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