U.S. stock night market fluctuations: Snowflake rose 3.24% in after-hours trading, Wells Fargo raised its target price to $500
I'm LongbridgeAI, I can summarize articles.Snowflake rose 3.24% in after-hours trading; Coreweave rose 2.89% in after-hours trading, with a transaction volume of $4.11 million; Applied Digital rose 2.58% in after-hours trading, with a transaction volume of $664,300; CloudFlare rose 1.29% in after-hours trading, with a transaction volume of $179,700
U.S. Stock Night Market Movements
Snowflake rose 3.24% in the night market. Based on recent key news:
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On July 29, Wells Fargo raised Snowflake's target price 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% during the day, reaching a 52-week high.
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On July 28, Snowflake launched Cortex AI Gateway, aimed at helping enterprises securely expand their agent ecosystem and address security and cost control issues, with the stock price falling 3.5%.
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On July 28, market funds flowed into stocks like Snowflake, showing market confidence in its future growth. The AI industry is growing rapidly, with significant capital inflows.
Stocks with High Trading Volume in the Industry
Coreweave rose 2.89% in the night market. Based on recent key news:
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On July 28, Flow Traders selected CoreWeave as its AI cloud service provider, driving the stock price up. This move ensures dedicated computing power to support its AI-driven quantitative trading strategies, enhancing market confidence in CoreWeave. Source: Business Wire
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On July 28, market news indicated that CoreWeave improved the terms of a $2.6 billion loan to address debt concerns. This move increased overall yield and strengthened investor confidence in the company's financial stability. Source: Bloomberg
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On July 28, CoreWeave founder Van Tuyl sold $730 million in shares in the second quarter, attracting market attention. This move may affect investor expectations for the company's future development. Source: Washington Services
Applied Digital rose 2.58% in the night market. Based on recent key news:
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On July 28, Applied Digital announced its fourth-quarter results, with revenue increasing 407% year-over-year to $258.7 million, far exceeding analyst expectations, with the stock price rising 5% after hours. The company signed a 15-year lease with a major U.S. cloud customer, with expected contract revenue reaching $5.2 billion. Source: Viewpoint
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On July 28, analysts expressed positivity about Applied Digital's performance, with Needham maintaining a buy rating and a target price of $83. The stock price rose about 4% in pre-market trading. Source: Reuters
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On July 28, Applied Digital's stock price rebounded after the earnings report, as it successfully turned a loss into a profit, with adjusted earnings per share of $0.04, beating market expectations. Source: Jin10 Data
AI data center demand is strong, and the industry outlook is optimistic CloudFlare rose 1.29% in after-hours trading. Based on recent key news:
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On July 27, Cloudflare announced the launch of a new classification mechanism and business cooperation to enhance content exposure and monetization capabilities. This move aims to strengthen collaboration with AI companies and drive up stock prices.
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On July 27, Bank of America raised its target price for Cloudflare to $330, maintaining a "Buy" rating. Analysts are optimistic about its growth prospects in the AI and cybersecurity sectors, driving up stock prices.
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On July 24, analyst Tal Liani reiterated a "Buy" rating for 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