U.S. Stock Market Midday Update: Rigetti Computing's stock price rebounds 13.19%, analysts say the pullback is healthy, hardware sales show potential

U.S. Stock Market Midday Update

Rigetti Computing rose 13.19%. Based on recent news,

1. On December 3, Rigetti Computing's CEO Subodh Kulkarni sold all his shares at a price of $12 per share, causing the company's stock price to drop 40% within a month. The company generated only $1.95 million in revenue in the third quarter while consuming $200.97 million in cash.

2. On December 4, analyst Williams stated that the recent stock price correction is "healthy" and pointed out that recent hardware sales indicate the company is gradually approaching practical commercial applications. Williams believes that Rigetti has good conditions for effective scaling due to its control over hardware and cost-effective design.

3. On December 4, Rigetti's stock price plummeted in November, erasing the gains from October, leading the market to show interest in buying opportunities for this quantum computing stock amid the sudden drop. The quantum computing industry has been highly volatile recently, and investments should be approached with caution.

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NVIDIA rose 2.21%. Based on recent news,

1. On December 2, NVIDIA announced a $2 billion investment in Synopsys to accelerate the development of computing and artificial intelligence engineering solutions. This move could expand the application of NVIDIA's graphics processors in industrial and engineering fields, driving up the stock price.

2. On December 3, NVIDIA's CFO stated at the UBS Global Technology and AI Conference that market concerns about its future data center market share are exaggerated, boosting investor confidence and further increasing the stock price.

3. On December 4, NVIDIA announced the development of a new software platform with Palantir and Zhongdian Energy to accelerate the construction of new AI data centers, further enhancing market confidence in NVIDIA. Demand in the AI sector is strong, and the industry outlook is optimistic.

Micron Technology fell 3.06%. Based on recent key news:

1. On December 3, Micron Technology announced its exit from the consumer memory business to focus on advanced storage chip production for AI data centers. This move caused the stock price to drop 2.23%, reflecting the market's reaction to its strategic shift. Source: Reuters

2. On December 3, global memory supply chain tensions prompted Micron to exit the consumer market to respond to the surge in AI demand. Against this backdrop, the stock price fell by more than 2%. Source: Jinshi Data

3. On December 4, Goldman Sachs analysts raised Micron's target price to $205, maintaining a "Hold" rating, reflecting market confidence in its long-term strategy. Source: CaiLianShe. The competition in the storage chip industry is intensifying, and AI demand is strong.

AMD fell 0.35%, with increased trading volume. Based on recent key news:

1. On December 2, ASUS subsidiary Taichung Cloud's general manager Wu Hanzhang stated that Taichung Cloud has good order visibility in the Taiwan market and is actively laying out overseas sovereign AI opportunities. AMD, as a major GPU supplier, is driving stock price fluctuations Source: Juheng.com

2. On December 4, the U.S. House of Representatives voted down a bill to restrict AI GPU exports to China, bringing a turnaround for AMD's potential shipments in the Chinese market, impacting stock prices. Source: Tom’s Hardware

3. On December 3, analyst Buchalter gave AMD a buy rating with a target price of $290, expecting a return of 33% over the next year, boosting market confidence. Source: MarketWatch AI chip market competition intensifies, with significant policy impacts.

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Broadcom rose 0.11%. Based on recent key news:

1. On December 2, Morgan Stanley raised Broadcom's target price to $443, reflecting market optimism about its AI processor revenue growth. Analysts noted that Broadcom's ASIC revenue is expected to reach $27.2 billion next year and $59.5 billion the year after, showing strong market demand and the impact of supply chain constraints.

2. On December 2, Broadcom benefited from increased Google TPU orders, with market expectations for a continued rise in TPU usage, driving up Broadcom's stock price. Bank of America reiterated its "buy" rating on Broadcom and raised the target price to $460, reflecting the positive outlook for the TPU market.

3. On December 3, Broadcom provided network silicon in HPE Juniper Networking high-performance switches, demonstrating its advantages in data center-level high-performance Ethernet capacity. This move further solidified Broadcom's position in the network hardware market. Strong AI demand benefits tech stocks