U.S. stock market midday update: TTM Tech rises 7.77%, receives a buy rating and increased trading volume, boosting investor confidence and stock price

U.S. Stock Market Midday Update

TTM Tech rose 7.77%. Based on recent news,

1. On September 4, TTM Tech received a buy rating from analysts, despite other stocks being considered more attractive. Analysts believe TTM Tech has good growth potential, which drove the stock price up.

2. On September 4, market attention on TTM Tech increased, with significantly expanded trading volume. Investors are confident in its future performance, further pushing the stock price up.

3. There have been no other significant news recently. Market attention on TTM Tech has increased, with expanded trading volume.

Stocks with High Trading Volume in the Industry

Tianhong Technology rose 0.27%. Based on recent news,

1. On September 3, Tianhong Technology's stock rose over 8% during the day, currently reported at $301.24. The company benefits from the growing global demand for AI infrastructure, completing $3.45 billion in equity financing and raising its full-year revenue guidance for fiscal year 2026 to $20.5 billion. Several Wall Street firms maintain buy ratings, with an average target price of approximately $439.81. Guosen Securities pointed out that the AI hardware market remains strong, and software SaaS revenue driven by AI exceeded expectations. On the business front, Tianhong Technology is collaborating with Broadcom to develop the Jalapeño AI acceleration chip, which achieves a 1.5-1.9 times increase in workload per watt for large language model tasks. In terms of institutional holdings, CIBC World Market established a new position of $757.8 million in the second quarter, while CEO Robert Mionis and CFO Mandeep Chawla recently reduced their holdings by over $14.57 million through a trust plan. The company also announced that Katarina Lundqvist will serve as the permanent CFO starting September 1.

2. On September 3, product revenue maintained a high proportion of 96%, while professional services revenue of $55 million remained basically flat, with growth almost entirely driven by platform consumption. Under the consumption-based revenue model, a 37% growth rate directly reflects the real growth in customer platform consumption. Broadcom's AI semiconductor revenue reached $16.7 billion, a year-on-year increase of 221%, with customized ASICs ramping up. Total revenue for FY2026 Q3 was $29.59 billion, a year-on-year increase of 86% and a quarter-on-quarter increase of 33%, setting a new record for quarterly revenue. The growth rate significantly improved from 53% in Q2 FY2026 and 25% in Q1 FY2026, forming a clear acceleration curve. In terms of revenue structure, semiconductor solutions contributed $20.84 billion, accounting for 70%, with a year-on-year growth of 127%; infrastructure software contributed $8.75 billion, accounting for 30%, with a year-on-year growth of 29%. AI demand is the core driving force behind the semiconductor business explosion. Investment views suggest that the AI industry chain is gradually transitioning from "AI infrastructure driving high growth in hardware demand" to a stage where "revenue, profit, cash flow, and downstream application demand jointly validate" the industry prosperity, further enhancing the quality of the industry boom On the hardware side, the demand for AI networks, computing, and rack-level infrastructure continues to be revised upward, with order visibility extending to 2027. While revenue is growing rapidly, operational leverage is beginning to be released, making it the most certain direction in the current AI industry chain. On the software side, positive signals of growth stabilization and margin improvement are beginning to emerge. Investment continues to favor the AI computing infrastructure industry chain, while also focusing on opportunities for valuation recovery brought about by revenue growth re-accelerating, continuous margin improvement, and the gradual commercialization of AI in the software sector. Risk warnings include AI infrastructure demand growth falling short of expectations; product structure and supply chain costs leading to gross margins below expectations; risks related to third-party financing expansion and the quality of end-user demand; risks from technological iteration, commercialization, and policy changes; risks of software business being replaced by large models, and AI applications not meeting expectations.

On September 1, Tianhong Technology announced that Katarina Lundqvist would serve as the permanent CFO. This move is seen by the market as a signal of stability in the company's management and enhanced strategic execution, further boosting investor confidence. The prosperity of the AI industry chain is improving, with high growth in hardware demand.

Flex International rose 0.12%. Based on recent key news:

1. On September 4, Flex announced the acquisition of EPC Power for $4.4 billion, with the transaction expected to be completed in the fourth quarter. This move aims to expand its cloud and power infrastructure business and enhance its market competitiveness. Source: Zhitong Finance

2. On September 4, Flex plans to finance this acquisition through debt and equity financing and has secured financing commitments from Citigroup and Bank of America. This move is seen as an important step in the company's strategic expansion. Source: Wall Street Insight

3. On September 4, analysts hold a positive attitude towards Flex's acquisition plan, with Barclays maintaining a buy rating and a target price of $144. This has strengthened market confidence in the company's future growth. Source: Jinshi Data. The power infrastructure industry has significant growth potential, and policy changes need to be monitored.

TE Connectivity rose 0.22%, with a trading volume of $196 million, and trading volume increased, with no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation.

Stocks ranked at the top of the industry market capitalization

Keysight Technologies rose 1.07%. Based on recent key news:

1. On September 2, Keysight Technologies announced a collaboration with the Autonomous Assurance Center at the University of York in the UK to study the application of artificial intelligence in software-defined vehicles. This collaboration aims to enhance vehicle autonomy and drive stock price increases. Source: Keysight Technologies

2. On September 2, Keysight Technologies showcased innovative positioning, navigation, and timing technology design methods at the ION GNSS+ 2026 event. This demonstration has enhanced market confidence in the company's technological strength, driving stock price increases. Source: Keysight Technologies On September 2nd, DE Technology released the latest company information through the EDGAR system, emphasizing its market leadership in multiple industries, further boosting investor confidence. Source: Keysight Technologies, innovation acceleration in the technology industry, enhanced market confidence