U.S. Stock Market Midday Update
Wolfspeed fell 8.21%, with increased trading volume. Based on recent important news:
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On August 12, Wolfspeed's short interest decreased by 27.11%, but there are still 53.28 million shares shorted, accounting for 54.16% of the float, leading to a pessimistic market outlook on its future performance, resulting in an 8.21% drop in stock price.
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On August 11, Wolf Haldenstein law firm encouraged investors to provide information to assist in the investigation, raising market concerns about the company's potential legal issues.
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On August 10, Goldman Sachs reported that U.S. economic growth is nearing stagnation, and the macroeconomic environment is unfavorable for tech stocks, further pressuring Wolfspeed's stock price.
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Top Stocks by Industry Trading Volume
Nvidia fell 1.49%, with increased trading volume. Based on recent important news:
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On August 12, the Trump administration requested Nvidia to pay 15% of its AI chip sales revenue to the U.S. government, raising market concerns about its profit margins, leading to a 1.49% drop in stock price.
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On August 12, the Chinese government advised companies to avoid using Nvidia's H20 chips, further exacerbating market unease.
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On August 11, Wells Fargo raised Nvidia's target price to $220; however, uncertainty regarding U.S.-China trade policies continues to affect the stock price.
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AMD rose 4.17%, with a trading volume of $11.3 billion. Based on recent important news:
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On August 13, the U.S. and China extended the trade truce and eased chip export restrictions, resulting in a 4.17% increase in AMD's stock price.
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On August 12, AMD agreed to pay 15% of its AI chip sales revenue in China to the U.S. government in exchange for export licenses, which was positively received by the market.
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On August 11, AMD CEO Lisa Su stated that the market share growth of MI350 and EPYC is strong, driving the stock price up.
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Broadcom fell 1.13%, with increased trading volume. Based on recent important news:
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On August 13, Morgan Stanley analysts raised Broadcom's target price to $338, maintaining an &#34;Overweight&#34; rating due to its position in the AI semiconductor market, resulting in a 2.94% increase in stock price.
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On August 12, ZTE-KY received a large order from Broadcom, causing strong gains in photonic stocks, which affected Broadcom.
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On August 11, the market did not list Broadcom as a recommended buy stock, impacting investor confidence.
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Top Stocks by Industry Market Capitalization
TSMC fell 0.92%, with a market capitalization of $1.25 trillion. Based on recent important news:
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On August 11, the U.S. implemented reciprocal tariffs on Taiwan, causing TSMC's stock price to drop, opening at 1165 TWD
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On August 12, TSMC's board approved a capital budget of $20.7 billion, causing stock price fluctuations.
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On August 13, TSMC announced second-quarter earnings that exceeded expectations, with the stock price rising by 1.3%
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WOLF

Wolfspeed fell 8.21%; NVIDIA fell 1.49%, with a transaction volume of USD 16.6 billion; AMD rose 4.17%, with a transaction volume of USD 11.3 billion; Broadcom fell 1.13%, with a transaction volume of USD 1.984 billion; TSMC fell 0.92%, with a market value of USD 1.25 trillion

U.S. stock market update: Wolfspeed down 8.21%