U.S. Stock Market Midday Update
Astera Labs fell 14.02%. Based on recent key news:
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On December 12, Astera Labs' innovative products gained significant opportunities in the market. Its low-power, high-performance products are suitable for the future of AI rack-scale, and are expected to support its long-term growth. Analysts suggest paying attention to the fourth-quarter earnings report to understand the progress of Scorpio X and UALink, as the market performance of these products is crucial for the company's sustainable growth. Source: Benzinga
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On December 12, Astera Labs' options trading was active, with Benzinga Pro providing real-time options trading alerts. Such trading activity may reflect the market's concern about the short-term volatility of the company's stock. Source: BenzingaAI industry is growing rapidly, with a focus on policy changes.
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Top Stocks by Industry Trading Volume
Broadcom fell 10.89%. Based on recent key news:
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On December 12, Broadcom released its fourth-quarter results, with adjusted earnings per share of $1.95, exceeding market expectations, and revenue of $18.02 billion, better than the expected $17.49 billion. Despite strong performance, the stock price fell 4.5% in after-hours trading.
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On December 12, Broadcom's CEO stated that the company has a backlog of $73 billion in AI product orders to be delivered over the next six quarters. Market concerns about declining gross margins for AI chips led to stock price fluctuations.
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On December 12, analysts questioned Broadcom's sales expectations, backlog orders, and future profit margins, leading to a decline in the stock price in after-hours trading. Demand for AI chips remains strong, and the industry outlook is optimistic.
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NVIDIA fell 2.54%. Based on recent news:
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On December 12, NVIDIA planned to hold a closed-door summit to discuss the power shortage issues in data centers. This move indicates that power supply constraints may affect AI development, putting pressure on the stock price. Source: The Information
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On December 12, the U.S. government allowed NVIDIA to export H200 chips to China, and there has been ongoing criticism of this policy reversal, arguing that it sacrifices strategic advantages and impacts the stock price. Source: Reuters
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On December 10, the tech sector was under pressure, with the Nasdaq index falling about 1.5%, leading to a decline in NVIDIA's stock price. Source: Jin10 Data The tech sector is under pressure, and market volatility is increasing.
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AMD fell 4.30%. Based on recent news:
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On December 11, AMD and Intel faced a class-action lawsuit for failing to prevent chips from being used in Russian missiles. This news raised market concerns, leading to a decline in AMD's stock price.
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On December 10, AMD released the new EPYC Embedded 2005 series processors. Despite the excellent product performance, the market reaction was tepid, failing to boost the stock price
On December 12, AMD Chairman Su Zifeng submitted a plan to sell 125,000 shares of restricted stock, which the market interpreted as a lack of confidence from executives in the company's future, further depressing the stock price. Demand for AI chips is strong, but market sentiment is highly volatile in the short term.
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Stocks ranked among the top in market capitalization in the industry
TSMC fell 3.51%, with increased trading volume. Based on recent news,
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On December 11, TSMC went ex-dividend, distributing a cash dividend of NT$5 per share. It opened at NT$1,510 in the morning, quickly filled the gap, and then turned negative during the day. TSMC announced November revenue of NT$343.614 billion, a month-on-month decrease of 6.5% and a year-on-year increase of 24.5%.
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On December 11, the Taiwan stock market rose due to the U.S. stock market's anticipation of a Fed rate cut, but during the day, influenced by Oracle's disappointing earnings report, electronic weighted stocks plummeted, and TSMC saw foreign investors switch from buying to selling 4,179 shares, leading to a drop in stock price.
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On December 10, TSMC announced November revenue of NT$343.614 billion, a decrease of 6.5% compared to the previous month, but an increase of 24.5% year-on-year. Analysts maintained an &#34;outperform&#34; rating with a target price of NT$1,700. Demand for AI chips is strong, and market outlook is optimistic
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ALAB

Astera Labs fell 14.02%; Broadcom fell 10.89%, with a trading volume of $19.4 billion; NVIDIA fell 2.54%, with a trading volume of $18.4 billion; AMD fell 4.30%, with a trading volume of $4.201 billion; TSMC fell 3.51%, with a market capitalization of $1.53 trillion

U.S. Stock Market Midday Update: Astera Labs' innovative products gain opportunities, active options trading triggers a 14.02% drop in stock price