--- title: "U.S. stock market midday update: Onto Innovation rises 14.35%, earnings report exceeds expectations + institutions upgrade ratings" type: "News" locale: "en" url: "https://longbridge.com/en/news/295255188.md" description: "Onto Innovation rose 14.35%; ASML rose 1.57%, with a transaction volume of USD 967 million; AXT Inc. rose 12.02%, with a transaction volume of USD 943 million; Applied Materials rose 2.05%, with a transaction volume of USD 823 million; Lam Research rose 1.17%, with a market value of USD 387.1 billion" datetime: "2026-08-07T15:38:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295255188.md) - [en](https://longbridge.com/en/news/295255188.md) - [zh-HK](https://longbridge.com/zh-HK/news/295255188.md) generator: "portal-rs" --- # U.S. stock market midday update: Onto Innovation rises 14.35%, earnings report exceeds expectations + institutions upgrade ratings **U.S. Stock Market Midday Update** Onto Innovation rose 14.35%. Based on recent key news: 1. On August 6, Onto Innovation announced its second-quarter financial report, with revenue of $343.129 million, exceeding market expectations of $325.2 million. Net income was $60.102 million, operating income was $63.55 million, gross margin was 53.4%, and earnings per share were $1.21. These excellent financial performances drove the stock price up. 2. On August 5, several investment firms, including Cantor Fitzgerald, raised their target price for Onto Innovation, reflecting a continued increase in capital expenditure demand for advanced nodes and packaging technology. This positive analyst rating boosted market confidence and further propelled the stock price upward. The semiconductor industry is experiencing strong demand and increased capital expenditure. **Top Stocks by Industry Trading Volume** ASML rose 1.57%, with increased trading volume. Based on recent key news: 1. On August 6, the pricing power in the semiconductor supply chain shifted from chip terminals to equipment and components, leading to a continued upward revision of the global semiconductor equipment outlook, which drove ASML's stock price up. Source: CITIC Securities. 2. On August 4, Zeiss Group announced an expansion of production capacity to meet AI infrastructure demands. As the sole supplier of ASML's EUV optical systems, Zeiss's expansion plan enhanced market confidence in ASML. Source: Bloomberg. 3. On August 5, the widespread headwinds in the AI industry put pressure on ASML, but the overall market's optimistic expectations for semiconductor equipment demand supported the stock price. Source: MarketBeat. High demand for semiconductor equipment, with rising industry prosperity. AXT Inc. rose 12.02%. Based on recent key news: 1. On August 5, AXT announced its second-quarter financial report, with revenue reaching $47.6 million, exceeding the consensus estimate by 39.97%, mainly due to a significant increase in export licenses. This news drove the stock price up. 2. On August 7, AXT, the world's largest supplier of indium phosphide substrates, saw its stock price jump 9.56%, reaching a new closing high since June 23. The market is optimistic about improvements in its downstream supply chain. 3. On August 4, AXT announced a long-term indium phosphide supply agreement with Lumentum, further enhancing market confidence. The overall industry is performing well, with improvements in export licenses. Applied Materials rose 2.05%. Based on recent key news: 1. On August 6, Applied Materials showcased the latest advancements in hybrid bonding technology at the 2026 ECTC conference, driving the stock price up. The progress of this technology indicates a rapid transition from the research phase to large-scale production applications, attracting investor attention. 2. On August 6, the market expects Applied Materials to exceed expectations in its financial report to be released on August 13, driving the stock price up. Analysts predict revenue will reach $8.95 billion, with healthy spending on AI-related chips On August 5th, Citigroup predicted that the supply-demand tension in the semiconductor industry may last until 2030, supporting the long-term growth expectations for Applied Materials. Citigroup pointed out that the systematic decline in supply response will extend the price uptrend. The semiconductor industry is experiencing supply-demand tension, with continued growth in AI investment. **Stocks ranked among the top in industry market capitalization** Lam Research rose 1.17%. Based on recent key news: 1. On August 4th, the increase in memory layer count and the complexity of device structures led to a rise in demand for etching and thin film deposition equipment. Lam Research, as a core beneficiary in the supply chain, saw its stock price increase. Source: Zhitong Finance 2. On August 6th, market expectations for AI hardware demand strengthened. Lam Research, as a supplier of AI chip manufacturing equipment, benefited from the long-term demand for AI hardware, resulting in a rise in its stock price. Source: MarketWatch 3. On August 7th, investor confidence in semiconductor equipment manufacturers increased, with Lam Research viewed as a key player in the semiconductor equipment field, leading to a rise in its stock price. Source: CNBC The demand for semiconductor equipment is growing, and market confidence is strengthening ### Related Stocks - [ONTO.US](https://longbridge.com/en/quote/ONTO.US.md) - [ASML.US](https://longbridge.com/en/quote/ASML.US.md) - [AXTI.US](https://longbridge.com/en/quote/AXTI.US.md) - [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md) - [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md) ## Related News & Research - [Persistent Asset Partners Ltd Takes $2.25 Million Position in Onto Innovation Inc. $ONTO](https://longbridge.com/en/news/296092444.md) - [William Blair Investment Management LLC Takes Position in Onto Innovation Inc. $ONTO](https://longbridge.com/en/news/296680064.md) - [This Onto Innovation Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday](https://longbridge.com/en/news/296102902.md) - [Onto Innovation buys 27% stake in Rigaku for about USD 720 million](https://longbridge.com/en/news/295403129.md) - [AMF Tjanstepension AB Has $4.15 Million Stake in Onto Innovation Inc. $ONTO](https://longbridge.com/en/news/292448931.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**