U.S. stock night market volatility: Advanced Semiconductor Engineering rose 7.62% in night trading, three major investment banks raised their target prices

U.S. Stock Night Market Movements

Advanced Semiconductor Engineering rose 7.62% in the night market. Based on recent key news:

1. On July 31, Citigroup and Morgan Stanley raised the target price for Advanced Semiconductor Engineering due to its growth potential in the AI era. Citigroup raised the target price to 750 TWD, while Morgan Stanley raised it to 628 TWD, driving the stock price up. Source: Zhitong Finance

2. On August 1, local investment advisory firms are optimistic about Advanced Semiconductor Engineering's advanced packaging business, raising the target price to 685 TWD. Advanced Semiconductor Engineering's revenue and net profit saw significant growth in the second quarter, boosting market confidence. Source: Wall Street Insight

3. On July 31, Advanced Semiconductor Engineering expanded its factories globally to support future operational growth. The company's layout and capacity expansion in the advanced packaging field have enhanced market expectations for its long-term performance. Source: Jinshi Data The semiconductor industry is benefiting from AI applications, showing overall improvement.

Stocks with High Trading Volume in the Industry

Micron Technology rose 2.43% in the night market. Based on recent key news:

1. On July 31, Samsung stated that memory shortages could last until 2028, reinforcing expectations for AI-driven memory demand. Analysts raised Micron's earnings expectations, predicting that this year's EPS will grow by over 790% and will increase by another 113% in FY27. Micron is transforming from a cyclical memory manufacturer to a key driver of the AI revolution, with long-term structural demand increasingly surpassing traditional economic cycles. Source: Zhitong Finance

2. On July 31, the hedge fund Situational Awareness completed its liquidation, alleviating selling pressure and driving a rebound in memory stocks. SanDisk's stock price surged over 25%, while Micron's stock price rose over 10%. Source: Seeking Alpha

3. On July 31, Moody's upgraded Micron Technology's senior unsecured rating to Baa1, with a stable outlook. Source: Bloomberg AI-driven memory demand is strong, with significant capital inflows.

SK Hynix rose 2.42% in the night market. Based on recent key news:

1. On July 31, SK Hynix surged 30% in the South Korean stock market, driving the KOSPI index up by 18%. This rebound was mainly due to capital inflows into AI concept stocks, indicating increased market confidence in SK Hynix, with the stock closing at 1.718 million KRW. Source: Barron's Weekly

2. On July 31, UBS included SK Hynix ADR in its research coverage for the first time, giving it a "Buy" rating with a target price of 204 USD. UBS is optimistic about AI reshaping the supply-demand structure of memory, expecting broad profit potential for SK Hynix in the medium to long term. Source: MoneyDJ News

3. On July 31, the double long SK Hynix products from Southern Eastern became the market focus due to severe price fluctuations, with net value retracting over 80%. The Hong Kong Securities and Futures Commission revised the regulatory framework, requiring the use of flexible leverage mechanisms to cope with market volatility. Source: Jinshi Data AI demand is driving growth in the memory industry, but risks remain AMD rose 2.27% in after-hours trading. Based on recent key news:

4. On August 2, AMD is set to announce its earnings report, with the market expecting significant stock price volatility. The options market indicates that traders anticipate the stock price may fluctuate by about 10% after the earnings report, attracting investor attention and increasing trading activity. Source: Investopedia

5. On August 1, UBS and Bank of America raised their target prices for AMD, reflecting market confidence in its product roadmap and market share. The two institutions raised their target prices to $730 and $620, respectively, driving the stock price up. Source: Investopedia

6. On July 31, Microsoft's earnings report exceeded expectations, leading to a rebound in tech stocks, with AMD's stock price rising by 13%. Microsoft's strong performance boosted market confidence in AI-related companies. Source: Associated Press AI concept stocks have recently shown divergent performance, requiring attention to risks