US Stocks Mixed, Intel Soars 6.97%, Coinbase Drops 5.82%

Market Watcher08-20
On August 19, 2025, the US stock market closed with mixed results. The Dow Jones Industrial Average rose by 0.45%, the S&P 500 increased by 0.30%, while the Nasdaq Composite fell by 0.20%.

In the sector performance, US retail stocks showed a positive trend with notable gains. Home Depot rose by 3.17%, Best Buy increased by 3.20%, and Dollar Tree saw a slight rise of 0.37%. Conversely, Chinese education stocks experienced a decline, with New Oriental Education & Technology dropping by 2.79%.

Intel surged by 6.97% following news that the US Commerce Secretary mentioned the possibility of converting US funding into equity investment in Intel. Additionally, SoftBank is in talks with Intel to acquire its chip foundry business, involving a $2 billion investment.

NVIDIA fell by 3.50% despite TD Cowen raising its price target to $235.00 per share from $140.00, maintaining a 'Buy' rating, indicating a positive outlook on the company's performance.

Tesla Motors declined by 1.75% as insiders, including executives and board members, sold over 50% of their holdings in the past year, with Zhu Xiaotong reducing his stake by 82%.

Palo Alto Networks rose by 3.06% after multiple financial firms updated their ratings and price targets. Barclays raised the price target to $215.00 per share, maintaining an 'Overweight' rating, while Guggenheim raised the price target to $135.00 per share but maintained a 'Sell' rating.

Coinbase Global, Inc. dropped by 5.82% amid a significant decline in cryptocurrency shares. The overall bearish trend in the market affected other companies like TeraWulf, MARA Holdings, and Robinhood.

CoreWeave, Inc. fell by 4.04% as its acquisition plan faced resistance, leading to a drop in its stock price. The acquisition of Core Scientific, valued at approximately $9 billion, was opposed by Two Seas Capital, causing market concerns.

Circle Internet Corp. decreased by 4.49% despite JP Morgan raising its price target from $80.00 to $89.00 per share, maintaining an underweight rating.
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