U.S. Stock Market Midday Update
Stocks with High Trading Volume in the Industry
Amphenol rose 0.15%, with increased trading volume. According to recent important news:
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On October 7, UBS raised Amphenol's target price from $120 to $145, maintaining a buy rating. This news boosted market confidence and drove the stock price up.
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On October 6, analyst consensus showed Amphenol as a strong buy, with an average target price of $127.45, indicating a potential upside of 4.28% from current levels. Goldman Sachs also maintained a buy rating in its report on September 28, with a target price of $139.
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On October 5, MarketBeat noted that although Amphenol was rated as a moderate buy, top analysts believe there are five stocks that are more worthy of purchase, which may have some impact on market sentiment. The technology sector performed strongly, with noticeable capital inflows.
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Corning fell 0.45%, with a trading volume of $146 million. According to recent key news:
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On October 6, Mizuho maintained a &#34;outperform&#34; rating on Corning and raised the target price from $74 to $90. Corning expects its data center business to achieve a 30% annual growth rate by 2027, but analysts warned that the current stock price may not reflect the risks associated with revenue growth in the AI industry.
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On October 4, QuantumScape announced a strategic partnership with Corning to accelerate the commercialization process. This news propelled QuantumScape's stock price to a 52-week high and had a positive impact on Corning's stock price.
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On October 6, although Corning's fiber optic solutions are considered the best in the market, analysts pointed out that its current valuation may not reflect future risks, leading some investors to take profits. The data center and AI industries have significant growth potential, but also high risks.
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Coherent Corp. rose 0.49%. According to recent key news:
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On October 6, Coherent announced the launch of a new high-density multimode 2D VCSEL and PD array, aimed at supporting the deployment of AI/ML workloads. The launch of this product is seen as an important step in advancing data center interconnect technology, enhancing market expectations for the company's future growth and driving the stock price up.
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On October 4, Pomerantz LLP announced a class action lawsuit against Coherent, alleging securities fraud and breach of fiduciary duty. This legal action could negatively impact the company's reputation and financial condition, leading to stock price volatility.
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No other significant news. The optical networking industry is accelerating technological innovation
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CCTG

CCSC Tech rose 29.79%; Amphenol rose 0.15%, with a transaction volume of USD 151 million; Corning fell 0.45%, with a transaction volume of USD 146 million; Coherent Corp. rose 0.49%, with a transaction volume of USD 5.903 million; Littelfuse fell 0.89%, with a market value of USD 6.398 billion

U.S. stock market midday update: CCSC Tech up 29.79%