--- title: "U.S. stock market midday update: POET Tech rises 12.28%! New contracts and better-than-expected sales boost stock price surge" type: "News" locale: "en" url: "https://longbridge.com/en/news/287109814.md" description: "POET Tech rose 12.28%; Micron Technology rose 4.23%, with a trading volume of $29.5 billion; NVIDIA rose 1.16%, with a trading volume of $25.6 billion; Intel rose 6.87%, with a trading volume of $16.6 billion; TSMC rose 2.32%, with a market capitalization of $2.08 trillion" datetime: "2026-05-20T19:38:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287109814.md) - [en](https://longbridge.com/en/news/287109814.md) - [zh-HK](https://longbridge.com/zh-HK/news/287109814.md) --- # U.S. stock market midday update: POET Tech rises 12.28%! New contracts and better-than-expected sales boost stock price surge **U.S. Stock Market Midday Update** POET Tech rose 12.28%, with increased trading volume. Based on recent key news: 1. On May 18, POET announced the signing of a new contract, significantly boosting its stock price. The signing of this contract enhanced market confidence in the company's future performance, leading to a rise in stock price. 2. On May 18, POET announced the completion of a $400 million investment, further enhancing the company's competitiveness in the photonic interconnect solutions field. This move will increase production capacity and strengthen market competitiveness, resulting in a rise in stock price. 3. On May 20, POET reported quarterly sales exceeding expectations; although the loss per share was greater than analysts' expectations, sales reached $503,389, far exceeding the expected $300,000, driving the stock price up. The AI sector is experiencing fluctuations, with noticeable capital inflows. **Stocks with High Trading Volume in the Industry** Micron Technology rose 4.23%, with increased trading volume. Based on recent key news: 1. On May 20, Mizuho and Citigroup raised their price targets for Micron Technology, with Mizuho increasing its target to $800 and Citigroup to $840. Analysts believe DRAM prices will continue to rise until 2027, driving the stock price up. 2. On May 20, JP Morgan stated at a conference that Micron Technology's financial outlook has improved, expecting record-high free cash flow in the third fiscal quarter, boosting market confidence and driving the stock price up. 3. On May 20, Samsung's planned strike may affect 3% of global memory production capacity, further pushing up Micron's product prices and strengthening its market position. Tech stocks are affected by rising interest rates, and risks need to be monitored. NVIDIA rose 1.16%. Based on recent key news: 1. On May 20, NVIDIA is set to release its financial report, with the options market expecting a price volatility of about 6.5%, and implied volatility rising to 53%, indicating that the market is paying a significant premium for uncertainty surrounding the earnings event. Source: MarketWatch 2. On May 19, the market was optimistic about NVIDIA's earnings outlook, with several Wall Street firms raising their price targets; UBS raised its target from $245 to $275. Source: Bloomberg 3. On May 19, the global bond market sell-off continued, with U.S. Treasury yields soaring to a 16-month high, increasing market volatility. Source: CNBC AI and chip stocks have performed strongly recently, with noticeable capital inflows. Intel rose 6.87%. Based on recent key news: 1. On May 19, Intel urged PC manufacturers to expand the adoption of CPU products produced using the advanced "18A" process, as AI demand has led to a tight supply of CPUs produced using older generation processes. This move will help enhance Intel's market share and technological advantage, driving the stock price up. Source: Nikkei News 2. On May 18, U.S. President Donald Trump stated in an interview with Fortune magazine that the U.S. government holds a 9.9% stake in Intel and claimed he should have asked for a larger stake This news has boosted market confidence in Intel, leading to a significant rise in its stock price. Source: Fortune Magazine On May 18, Citigroup and Benchmark analysts raised Intel's target stock price, from $95 to $130 and from $105 to $140, respectively, believing that the development of AI will accelerate the demand for CPUs. This move further boosted investor confidence and drove the stock price up. Source: Citigroup, Benchmark AI demand drives CPU market growth, with significant capital inflow. **Stocks ranked among the top in industry market capitalization** TSMC rose by 2.32%. Based on recent key news: On May 18, TSMC announced the sale of approximately 8.1% of its shares in World Advanced, causing a brief drop in its stock price. TSMC sold at NT$160.6 per share, with a total transaction amount of NT$24.411 billion, and a disposal profit of NT$63.202 billion. This move has drawn market attention to its strategic adjustments, leading to a limit-down on World Advanced's stock price. Source: Zhitong Finance On May 19, Bernstein raised the target price for TSMC ADR, believing that its growth potential in the AI field is enormous. Analysts pointed out that TSMC is trading at a 20% discount compared to the Philadelphia Semiconductor Index and is expected to benefit from increased AI capital expenditures by cloud service providers. Source: CNBC On May 20, the Taiwan stock market fell under pressure from foreign selling, causing TSMC's stock price to fluctuate. Foreign capital flowed into bond ETFs, indicating a rise in risk aversion, and TSMC's stock price briefly fell below NT$2200. 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