--- title: "U.S. Stock Market Midday Update: Astera Labs up 14.55%, driven by strong earnings report and new product launch, analysts caution about overvaluation risks" type: "News" locale: "en" url: "https://longbridge.com/en/news/287101312.md" description: "Astera Labs rose 14.55%; Micron Technology rose 3.67%, with a transaction volume of USD 23.7 billion; NVIDIA rose 1.94%, with a transaction volume of USD 19 billion; Intel rose 5.89%, with a transaction volume of USD 14 billion; TSMC rose 2.40%, with a market capitalization of USD 2.09 trillion" datetime: "2026-05-20T17:33:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287101312.md) - [en](https://longbridge.com/en/news/287101312.md) - [zh-HK](https://longbridge.com/zh-HK/news/287101312.md) --- # U.S. Stock Market Midday Update: Astera Labs up 14.55%, driven by strong earnings report and new product launch, analysts caution about overvaluation risks **U.S. Stock Market Midday Update** Astera Labs rose 14.55%. Based on recent key news: 1. On May 19, Astera Labs announced a strong first-quarter financial report and significantly raised its guidance for the next quarter, causing the stock price to increase by 13.3%. The company reported revenue of $308.4 million, a quarter-over-quarter increase of 14% and a year-over-year increase of 93%, with a net profit of $80.3 million. Analysts pointed out that this expectation is 16% higher than the general consensus on Wall Street, highlighting the company's importance in the AI connectivity field. Source: Zhitong Finance 2. On May 20, Astera Labs launched the Scorpio X series of smart woven switches, further expanding its product ecosystem. Management stated that its chips, optics, and software have been integrated into nearly 90% of AI computing servers and clusters globally, with a potential total market exceeding $20 billion. Source: MarketWatch 3. On May 20, Royal Bank of Canada maintained an "Outperform" rating and raised the target price to $250, expecting the company to benefit from the deployment of Amazon's Trainium3. Analysts warned of the risks of slowing AI capital expenditures and high valuation. Source: Zhitong Finance AI infrastructure demand continues to grow, risks need attention. **Stocks with High Trading Volume in the Industry** Micron Technology rose 3.67%. Based on recent key news: 1. On May 19, Citigroup raised Micron Technology's target price from $425 to $840, reiterating a "Buy" rating. Analysts believe that after a 40% increase in DRAM prices, market demand is strong, driving the stock price up. (Source: Citigroup) 2. On May 20, JP Morgan stated at a conference that Micron Technology's financial outlook has improved, with free cash flow in the third fiscal quarter expected to reach a record high, further boosting market confidence. (Source: JP Morgan) 3. On May 20, Mizuho raised Micron Technology's target price from $740 to $800, maintaining an "Outperform" rating, reflecting the market's optimistic expectations for its future growth. (Source: Mizuho) AI demand drives growth in the semiconductor industry. NVIDIA rose 1.94%, with active trading. Based on recent key news: 1. On May 20, NVIDIA is about to release its financial report, with the options market expecting a stock price volatility of about 6.5%, and implied volatility rising to 53%, indicating that the market is paying a premium for uncertainty regarding the financial report. Source: Zhitong Finance 2. On May 19, Morgan Stanley analysts raised NVIDIA's target price, expecting revenue to exceed expectations and guidance to be raised, driving the stock price up. Source: Morgan Stanley 3. On May 18, Brent crude oil prices rose, putting pressure on global stock markets, and NVIDIA's financial report is seen as a barometer of market sentiment. Source: Wall Street Insight Strong AI demand, market focuses on financial report guidance Intel rose 5.89%. Based on recent key news: 4. On May 19, Citigroup and Benchmark Equity Research raised Intel's target price. Citigroup raised its target price from $95 to $130, while Benchmark raised its target price from $105 to $140. Analysts are optimistic about the potential of the CPU market, expecting the market size to grow at an annual rate of 35% to reach $132 billion by 2030. Source: Zhitong Finance 5. On May 19, U.S. President Trump stated that the government's stake in Intel caused the stock price to soar over 300%. In an interview with Fortune magazine, Trump revealed that last year the government acquired a 9.9% stake in Intel through the Chips Act, leading to a significant increase in Intel's stock price. Source: CNBC 6. On May 18, Intel announced a preliminary wafer foundry agreement with Apple. Intel will produce some chips for Apple devices, and Tesla also plans to use Intel chips in its Terafab project. Source: Wall Street Insight. The development of AI is driving the growth in CPU demand, and the market is optimistic about Intel's long-term prospects. **Stocks ranked at the top of the industry market capitalization** TSMC rose 2.40%. Based on recent key news: 1. On May 18, TSMC announced the sale of an 8.1% stake in World Advanced, leading to a brief drop in its stock price. TSMC sold 152 million shares at NT$160.6 per share, with a total transaction amount of NT$24.411 billion. Although it emphasized that this does not affect its cooperative relationship with World Advanced, the market reacted strongly, causing World Advanced's stock price to hit the limit down. 2. On May 19, Bernstein raised the target price for TSMC ADR, believing it has significant growth potential in the AI field. Analysts pointed out that TSMC remains a reliable growth stock against the backdrop of increased AI capital expenditure, raising the target price from $351 to $430. 3. On May 20, TSMC's stock price fluctuated due to rising U.S. Treasury yields and market sentiment. Although TSMC's stock price fell at one point, the market remains optimistic about its long-term fundamentals, expecting stabilization after short-term fluctuations. The growth in AI demand is driving the development of the semiconductor industry ### Related Stocks - [ALAB.US](https://longbridge.com/en/quote/ALAB.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) ## Related News & Research - [Astera Labs Insiders Sold Shares Worth Over $24M](https://longbridge.com/en/news/287132509.md) - [Ethic Inc. 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