U.S. Stock Market Midday Update
Astera Labs fell 7.47%, with increased trading volume. Based on recent key news:
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On July 21, Astera Labs CEO Jitendra Mohan sold 126,258 shares of the company stock, worth $12,183,821. This news led to a decline in market confidence in the company's management, causing the stock price to drop.
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On July 22, analysts rated Astera Labs as &#34;Moderate Buy,&#34; but noted that five other stocks were more worthy of purchase, which weakened investor confidence in this stock.
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On July 22, despite analysts giving a positive evaluation of the company's performance, it was not included in the recommended list, leading to pressure on the stock price.
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Top Stocks by Industry Trading Volume
Nvidia fell 1.97%, with increased trading volume. Based on recent important news:
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On July 21, Nvidia CEO Jensen Huang sold 75,000 shares, worth approximately $12.94 million, and the market reacted negatively to his reduction plan, causing the stock price to drop by 1.97%.
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On July 20, Nvidia announced the resumption of H20 chip sales to China, with the market expecting increased revenue, but limited inventory led to stock price fluctuations.
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On July 22, CITIC Securities' research report stated that Nvidia would resume H20 sales, with policy support for the AI industry chain development, affecting the stock price.
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AMD fell 2.35%, with increased trading volume. Based on recent important news:
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On July 22, market analysis pointed out that despite AMD benefiting from the easing of export restrictions, it faced competitive pressure from Nvidia, leading to a 2.35% decline in stock price.
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On July 21, several institutions raised AMD's target price, but the market questioned its high valuation, impacting investor confidence.
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On July 22, analysts noted that AMD was not among the current top five recommended stocks, leading to a decline in market sentiment.
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Broadcom fell 2.91%, with a trading volume of $2.402 billion. Based on recent important news:
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On July 20, Broadcom's stock was considered overvalued, and analysts suggested focusing on other more attractive AI stocks, leading to a 2.91% drop in stock price.
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On July 21, market enthusiasm for tech stocks weakened, and Broadcom failed to make it into the analysts' recommended top five stocks list, further pressuring the stock price.
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On July 22, Broadcom signed a significant contract with China State Construction Engineering Corporation, but despite the positive news, it failed to reverse the downward trend in stock price.
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Top Stocks by Industry Market Capitalization
TSMC fell 1.58%, with increased trading volume. Based on recent key news:
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On July 21, a safety incident occurred at TSMC's Chiayi plant, leading to the suspension of some projects, raising market concerns about production progress, causing the stock price to drop
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On July 22, the financial reports of American tech giants are about to be released, and the market is filled with a strong sense of wait-and-see, putting pressure on TSMC's stock price.
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On July 21, TSMC's Vice President of Finance, Li Wenru, resigned, leading to market speculation that he may join a competitor, affecting investor confidence
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ALAB

Astera Labs fell 7.47%; NVIDIA fell 1.97%, with a trading volume of $20.2 billion; AMD fell 2.35%, with a trading volume of $4.794 billion; Broadcom fell 2.91%, with a trading volume of $2.402 billion; TSMC fell 1.58%, with a market capitalization of $1.22 trillion

U.S. stock market mid-session update: Astera Labs down 7.47%