U.S. stock market midday update: OpenAI collaboration benefits hard to withstand selling pressure, Cerebras down 13%

U.S. Stock Market Midday Update

Cerebras fell 13.35%, with increased trading volume. Based on recent key news:

1. On August 17, Cerebras made positive progress in its collaboration with OpenAI, which will use Cerebras' computing power to support its GPT-5.6 Sol's Ultrafast mode. This news briefly boosted Cerebras' stock price, rising 2.2% in pre-market trading. Source: Zhitong Finance

2. On August 18, Cerebras' stock price surged significantly ahead of the company's upcoming Supernova event, with the CEO attributing this to the rapid growth of the AI market. Source: Investor's Business Daily

3. On August 19, Cerebras' stock price dropped 13.01%, as traders focused on key technical levels, with resistance at $228.50 and support at $196.50. Source: Benzinga ProAI infrastructure competition is fierce, and capital efficiency is key.

Top Stocks by Industry Trading Volume

Micron Technology fell 7.28%. Based on recent key news:

1. On August 16, Situational Awareness, an investment by Jianjie, suffered heavy losses in AI stock positions, leading to a decline in Micron Technology's stock price. The fund was severely impacted during the market volatility in July, ultimately forcing it to sell off most of its holdings, affecting Micron Technology's stock price.

2. On August 17, Bank of America believed that breakthroughs in AI technology could disrupt the memory boom-bust cycle, predicting long-term growth in Micron Technology's profits. Micron Technology's financial data performed well, driving the stock price up.

3. On August 18, UBS analysts set a target price of $162.50 for Micron Technology, believing that long-term supply agreements support its navigation through the memory industry cycle, enhancing stock price potential. Analysts expect Micron Technology's long-term profitability to improve. AI demand is driving up memory prices, increasing market volatility.

NVIDIA fell 2.17%. Based on recent key news:

1. On August 18, Bank of America believed that NVIDIA's stock price is undervalued, with a potential discount of up to 50%. Analysts suggested increasing investor cash returns through stock buybacks, with a target price of $350. This news caused stock price fluctuations.

2. On August 17, Morgan Stanley expected NVIDIA's fiscal year 2027 revenue to significantly exceed market expectations, although strong financial reports may not lead to a substantial stock price increase. The market's pricing logic for NVIDIA is changing, affecting stock price trends.

3. On August 16, NVIDIA announced partnerships with six financial institutions to establish a computing power financing platform, planning to deploy over $500 billion in external capital to transfer financing risks. This move has drawn market attention to its financial strategy. AI chip demand is growing, increasing market volatility Intel fell 7.13%. Based on recent key news:

4. On August 17, Intel announced its re-entry into the memory chip market. Although the plan has not been finalized, this strategic adjustment raised market concerns about its execution difficulties and business complexities, leading to a decline in stock prices. Source: Tom's Hardware

5. On August 17, investment tycoon Druckenmiller liquidated his holdings in Intel, indicating a lack of confidence in its future performance, further exacerbating stock price pressure. Source: Bloomberg

6. On August 18, Fitch adjusted Intel's rating outlook from negative to stable, reflecting better-than-expected progress in technological execution, but failed to boost stock prices. Source: Viewpoint Network

Stocks ranked at the top of the industry by market capitalization

TSMC fell 4.11%. Based on recent key news:

1. On August 18, there was a divergence in bullish and bearish sentiment in after-hours trading of TSMC, which performed relatively steadily, closing down slightly by 0.83%, with after-hours trading prices close to the closing price. The market's view on TSMC is divided, with some institutions choosing to reduce their holdings. Source: Zhitong Finance

2. On August 16, H&H International Investment, managed by Duan Yongping, liquidated its holdings in TSMC in the second quarter, affecting market confidence in TSMC. Source: Jiemian News

3. On August 17, SoftBank Group sold approximately 71.5% of its TSMC shares in the second quarter, further intensifying the market's selling pressure on TSMC. Source: IT Home

The market's view on TSMC is divided, with clear capital flows