U.S. stock night trading fluctuations: AXT rose 3.01% in night trading: The photonics sector is favored, and the rotation in storage leads to a capital inflow

U.S. Stock Night Market Movements

AXT Company rose 3.01% in the night market. Based on recent key news:

1. On August 9, Serenity stated that the photonics sector has once again become a focus, with the market rotating between different supply bottlenecks. The fundamentals of the photonics sector have not deteriorated, and the bottlenecks in optical transceivers and indium phosphide may worsen, driving up AXT's stock price. Source: BlockBeats

2. On August 9, changes in market sentiment in the storage sector affected the photonics sector. Serenity pointed out that the valuation of the storage business relative to its market capitalization is extremely unreasonable, leading to market rotation between different sectors, indirectly affecting AXT's stock price. Source: BlockBeats

3. On August 9, increased market attention on the photonics sector drove up AXT's stock price. It was known that laser products were sold out during the market decline in July, and the demand imbalance has not changed. Source: BlockBeats The increased attention on the photonics sector and significant market rotation.

Stocks with High Trading Volume in the Industry

Applied Materials rose 1.02% in the night market. Based on recent key news:

1. On August 9, Morgan Stanley admitted that its previous downgrade of Applied Materials to neutral was a mistake and pointed out its high dependence on the DRAM market. Applied Materials has a DRAM exposure of up to 31%, making it significantly affected during fluctuations in the DRAM market.

2. On August 10, major financial institutions such as Goldman Sachs, HSBC, Citigroup, UBS, and Stifel maintained or raised their target prices for Applied Materials, citing the company's strong position in multiple fields, including data centers. The company's current price-to-earnings ratio relative to earnings growth has risen to 1.58, reflecting high growth expectations.

3. On August 11, the latest FactSet survey showed that the median target price valuation for Applied Materials by 33 analysts was raised from 650 yuan to 675 yuan, an increase of 3.85%. Analysts have a positive outlook on Applied Materials overall. The semiconductor industry has performed strongly recently, with significant capital inflows.

ASML rose 0.32% in the night market. Based on recent key news:

1. On August 11, strong demand for semiconductor equipment drove up ASML's stock price. The expansion of storage chip production has boosted demand for lithography machines, with ASML's Q2 revenue at €9.3 billion and net profit at €2.9 billion, driven by increased investment in AI computing infrastructure. Source: Zhitong Finance

2. On August 11, Intel's stock issuance plan led to a decline in its stock price, while ASML's stock price rose. Intel plans to issue 210.5 million shares at a price of $95 per share. Source: MarketWatch

3. On August 11, analysts maintained a buy rating for ASML, with a target price of €2,500, supporting the stock price increase. Both Bernstein and Bank of America maintained buy ratings. Source: Bloomberg Strong demand for semiconductor equipment benefits the European stock market Aehr Test Systems rose 0.19% in after-hours trading. Based on recent news,

4. On August 11, Momentus expanded its commercial space missions through zero-debt cash, attracting significant capital inflow into the hardware and equipment sector. This capital movement affected the market performance of related companies, driving up the stock price of Aehr Test Systems.

5. On August 11, SK Hynix became a bottleneck in Nvidia's high-bandwidth memory supply chain, leading to increased market attention on the semiconductor industry. The positive sentiment among investors towards the semiconductor sector also boosted the stock price of Aehr Test Systems.

6. On August 11, medical aesthetics platform So-Young International appointed a new CFO, indicating a positive development trend within the industry. This trend had a favorable impact on the stock prices of related medical equipment companies. There was significant capital inflow into the hardware and equipment sector, and high attention on the semiconductor industry