U.S. Stock Market Midday Update
Navitas Semiconductor rose 11.27%. Based on recent key news:
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On May 11, Navitas Semiconductor announced plans to raise $125 million through equity issuance, causing the stock price to drop over 13% due to dilution concerns.
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On May 11, Navitas partnered with Cyient to launch India's first GaN power IC series, driving the stock price up.
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On May 12, Navitas's stock price rose 25% driven by AI data center demand and strong first-quarter performance. The semiconductor industry is experiencing increased volatility driven by AI demand.
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Top Stocks by Industry Trading Volume
Micron Technology rose 4.68%. Based on recent key news:
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On May 11, labor disputes at Samsung Electronics and supply tightening brought optimism. Deutsche Bank raised Micron Technology's target price to $100, expecting an upside of about 34%. The Samsung union demands that the company allocate 15% of operating profits for employee bonuses, and if negotiations break down, a strike will be initiated, further intensifying pressure in the memory market.
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On May 12, Micron Technology's CEO was included in President Trump's delegation to China, significantly boosting the stock price. The market's expectations for Yangtze Memory Technologies and ChangXin Memory's import exemptions were lower than previously anticipated, eliminating potential negative factors facing Micron.
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On May 12, global IT spending forecasts show that IT hardware, software, and services spending is expected to grow to $6.32 trillion by 2026, a year-on-year increase of 13.5%. The proportion of data center systems spending in overall IT spending has risen from 4.5% in 2012 to 12.5%, indicating that AI-driven storage and computing investments are becoming an important engine for economic growth. Tech stocks are performing strongly, but inflation pressures still need to be monitored.
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NVIDIA rose 2.79%, with active trading. Based on recent key news:
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On May 13, NVIDIA CEO Jensen Huang confirmed he would accompany President Trump on his visit to China, showcasing NVIDIA's strategic layout in the Chinese market against the backdrop of U.S. chip export controls, with the stock price slightly rising in pre-market trading. Source: Reuters
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On May 11, Wedbush analysts pointed out that NVIDIA's upcoming earnings report is expected to be a catalyst for tech stocks, with the market anticipating strong demand for the Blackwell architecture GPU to drive performance above expectations. Source: Zhito Finance
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On May 12, Citigroup reported that NVIDIA's revenue for the current quarter is expected to exceed market expectations, supported by supply-demand imbalances and sustained strong market demand. Source: Zhito Finance AI demand is strong, and market expectations for NVIDIA are optimistic.
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Intel rose 1.35%, with increased trading volume. Based on recent key news:
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On May 12, Intel announced that its new Xeon chips are being used in NVIDIA's systems, with sales forecasts exceeding expectations, boosting market confidence. The stock price rose by 1.35%. Source: Bloomberg
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On May 12, Wall Street analysts raised Intel's target price, with Jefferies increasing its target from $80 to $120, Deutsche Bank from $63 to $100, and Mizuho from $100 to $124. Source: Bloomberg
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On May 11, Intel reached a preliminary chip foundry agreement with Apple, which is expected to bring significant financial benefits to Intel, leading to a substantial increase in its stock price. Source: The Wall Street Journal AI investment drives growth in the chip industry, revealing valuation pressures.
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Stocks ranked at the top of the industry by market capitalization
TSMC rose by 1.73%. Based on recent key news:
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On May 11, the Taiwan stock ETF market was active, with the actively unified upgrade 50 about to be listed, making TSMC its largest holding with a weight of 11.69%, driving the stock price up. Source: Zhitong Finance
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On May 12, TSMC's board approved a capital budget of $31.284 billion to expand advanced process capacity, enhancing market confidence. Source: Zhitong Finance
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On May 13, the Philadelphia Semiconductor Index fell by 3.01%, affecting the opening decline of the Taiwan stock market, with TSMC futures dropping by 50 TWD after hours, increasing market volatility. Source: Wall Street Insight AI demand remains strong, TSMC's weight increases
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NVTS

Navitas Semiconductor rose 11.27%; Micron Technology rose 4.68%, with a transaction volume of USD 29.6 billion; NVIDIA rose 2.79%, with a transaction volume of USD 21.8 billion; Intel rose 1.35%, with a transaction volume of USD 9.776 billion; TSMC rose 1.73%, with a market capitalization of USD 2.1 trillion

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U.S. stock market midday update: Navitas Semiconductor's stock price rises by 11.27%, driven by AI demand and new product collaborations boosting the rebound