U.S. stock night trading fluctuations: Bank of America restarts coverage support, ServiceNow rises 3.46% in night trading! Bond issuance sparks market enthusiasm

U.S. Stock Night Market Movements ServiceNow rose 3.46% in the night market. Based on recent key news: On May 18, Bank of America Global Research resumed coverage of ServiceNow with a buy rating and a target price of $130, indicating about a 37% upside from last Friday's closing price of $95.07. Following this news, ServiceNow's stock price increased by 5%. On May 18, ServiceNow announced the successful issuance of $4 billion in senior unsecured bonds to refinance its $7.75 billion bridge loan for the acquisition of Armis Security. The bond issuance attracted over $38 billion in orders from institutional investors, demonstrating strong market interest. On May 18, ServiceNow's board member Paul Edward Chamberlain sold 1,500 shares of common stock at a transaction price of $87.23. Nevertheless, the stock price continued to rise, reflecting market confidence in the company. The software industry is performing strongly overall, driven by AI technology. Stocks with High Trading Volume in the Industry Microsoft fell 0.13% in the night market. Based on recent key news: On May 16, Bill Ackman's Pershing Square hedge fund established a new position in Microsoft, believing that the investment value of its Office 365 suite and AI sector is underestimated. This move pushed Microsoft's stock price up by 2.9%. Source: Wall Street Insight On May 16, the Gates Foundation Trust sold its remaining 7.7 million shares of Microsoft stock, valued at $3.2 billion, symbolizing the end of a historical era. This news had a certain impact on market sentiment. Source: Economic Information Agency On May 16, Whale Rock Capital Management established a new position in Microsoft, reflecting a strategic shift from hardware infrastructure to software applications and services. This move shows market confidence in Microsoft's AI commercialization process. Source: Wall Street Insight Technology stock position adjustments, AI investment enters a new phase. Oracle rose 0.10% in the night market. Based on recent key news: On May 16, analyst Wedbush raised Oracle's target price to $275 due to its strong AI infrastructure growth and record backlog orders of $553 billion. Oracle's cloud infrastructure revenue grew by 84% year-over-year, and AI-related profit margins and multi-cloud partnerships enhanced profitability and investor confidence. On May 16, Oracle strengthened its role in defense technology, with the U.S. Department of Defense planning to use Oracle's AI capabilities in classified networks to improve data analysis, situational awareness, and real-time decision-making. Oracle stated that its government cloud region can support highly classified workloads, including top-secret and special access program data On May 18, Oracle reached a partnership with Bloom Energy to provide comprehensive solutions for its AI campus, promoting faster deployment and enhancing confidence in Bloom's technology. Oracle's Q1 2026 revenue grew by 130% year-on-year, with earnings per share exceeding expectations by 242%. AI infrastructure is experiencing strong growth, and there is an expansion in the defense technology sector. Nebius rose 0.20% in after-hours trading. Based on recent key news: On May 18, Nebius continued to expand its investment in AI infrastructure, driving up its stock price. Nebius is actively procuring GPU servers and related equipment, as market demand for high-end AI servers heats up, further boosting the performance of the related supply chain. Source: Zhitong Finance On May 16, Citibank significantly raised its target price for Nebius to $287, reflecting strong quarterly performance and demand for AI infrastructure. Despite the target price increase, the stock price fell by 2.8% in pre-market trading, indicating profit-taking or valuation concerns. Source: Bloomberg On May 19, D.A. Davidson downgraded Nebius's rating to neutral, believing that there is limited room for stock price increases in the short term. Analysts pointed out that although the company performs well in the AI cloud services sector, the current valuation already reflects its market position. Source: WSJAI Strong demand for servers is driving industry growth