U.S. Stock Market Midday Update
Micron Technology rose 3.98%, with increased trading volume. Based on recent key news:
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On September 4, the U.S. government tightened export controls, revoking the chip exemption for Samsung Electronics and SK Hynix in China, leading to a rise in Micron Technology's stock price. This move will impact memory chip production in China, and the market expects Micron Technology to benefit.
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On September 3, SK Hynix announced the introduction of high numerical aperture extreme ultraviolet lithography machines to enhance production capacity, surpassing Micron Technology. This news creates competitive pressure on Micron Technology, but the overall market's increasing demand for memory drives the stock price up.
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On September 5, analysts pointed out that DRAM prices are trending strongly, with reduced inventory backlog, and prices are expected to continue rising in the second half of the year. As one of the major suppliers, Micron Technology benefits from increased market demand. The demand for memory in the market is increasing, leading to a rise in DRAM prices.
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Stocks with High Trading Volume in the Industry
NVIDIA fell 2.94%, with increased trading volume. Based on recent important news:
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On September 3, NVIDIA's stock price fell below the 50-day moving average, and technical analysts believe that the upward momentum has dissipated, leading to a weakening short-term trend. The stock price briefly dropped 4% during the day, falling below key technical levels, indicating a weakening short-term momentum. Data source: Jin10 Data.
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On September 4, NVIDIA CEO Jensen Huang sold 225,000 shares of the company, totaling approximately $38.61 million, raising concerns in the market about internal trading. Data source: SEC filings.
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On September 5, market rumors suggested that NVIDIA might consider acquiring MediaTek, to which MediaTek responded that the rumors are untrue, causing stock price fluctuations in response to the acquisition rumors. Data source: IT Home. Technology stocks are experiencing increased volatility, with a focus on the macroeconomy.
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Broadcom rose 9.75%, with a trading volume of $22 billion. Based on recent key news:
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On September 5, Broadcom announced its third-quarter results, with revenue of $15.95 billion, a year-on-year increase of 22%, and adjusted earnings per share of $1.69, a year-on-year increase of 36%. AI semiconductor revenue increased by 63% year-on-year, reaching $5.2 billion. After the earnings report was released, the stock price surged 8% in after-hours trading.
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On September 5, Broadcom confirmed that it has secured a fourth customized AI chip major client, with orders exceeding $10 billion, set to begin delivery in the second half of fiscal year 2026. The market generally believes the new client is OpenAI.
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On September 5, Barclays raised Broadcom's target price to $400, indicating a potential 30% upside for the stock price in the future. The demand for AI semiconductors is strong, and the industry outlook is optimistic.
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AMD fell 5.83%, with increased trading volume. No recent news; technology stocks are generally performing weakly.
Stocks with High Market Capitalization in the Industry
TSMC rose 2.53%, with a market capitalization of $1.25 trillion. Based on recent key news:
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On September 3rd, the U.S. government canceled TSMC's VEU exemption for its Nanjing plant, leading to short-term fluctuations in TSMC's stock price. TSMC stated that the plant's capacity accounts for only 3% of total capacity, so the impact is limited.
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On September 4th, Bernstein analysts raised TSMC's target price to NT$1,444, maintaining a positive rating, pointing out that strong AI demand will drive revenue growth.
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On September 3rd, TSMC saw 12 paired trades after hours, with prices reaching NT$1,275, and the market is focused on whether there will be positive news. Tech stocks performed strongly, driven by AI demand
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Micron Tech rose 3.98%; NVIDIA fell 2.94%, with a trading volume of $28.6 billion; Broadcom rose 9.75%, with a trading volume of $22 billion; AMD fell 5.83%, with a trading volume of $8.944 billion; TSMC rose 2.53%, with a market value of $1.25 trillion

- Micron Technology's stock rose 3.98% due to the U.S. government's tightening of export controls, impacting Chinese memory chip production and benefiting Micron.  
- Analysts noted strong DRAM price trends and reduced inventory, predicting continued price increases in the second half of the year, which will favor Micron as a major supplier.  
- In contrast, Nvidia's stock fell 2.94% amid concerns over internal trading and rumors of a potential acquisition, while Broadcom's shares surged 9.75% following strong quarterly earnings and a significant new AI chip order.

U.S. Stock Market Midday Update: Micron Tech up 3.98%