U.S. stock market midday update: Astera Labs up 12.20%, driven by 5G collaboration and industry tailwinds boosting stock price

U.S. Stock Market Midday Update Astera Labs rose 12.20%. Based on recent key news: On December 17, Astera Labs announced a partnership with CiTech to develop a fully automated 5G tower, driving the stock price up. The project aims to rapidly deploy 5G, ISR, and radar technologies, which is expected to significantly enhance the company's future revenue and profitability. On December 18, Morgan Stanley expressed a positive outlook on the chip equipment industry, particularly favoring Applied Materials and TSMC, which positively impacted market confidence in Astera Labs. Analysts believe that improvements in the analog market will bring growth opportunities for related companies. No other significant news recently. The chip industry's growth potential is substantial, and policy changes should be monitored. Top Stocks by Industry Trading Volume NVIDIA rose 3.27%. Based on recent key news: On December 18, NVIDIA board member Harvey Jones sold company stock worth over $44 million. This raised market concerns about internal confidence in the company, leading to stock price fluctuations. Source: Zhitong Finance On December 19, Bernstein analysts pointed out that NVIDIA's valuation discount relative to the Philadelphia Semiconductor Index reached a rare level, considering it a strong buying opportunity, which drove the stock price up. Source: Jinshi Data On December 20, the U.S. Federal Trade Commission approved NVIDIA's deal with Intel, removing potential regulatory hurdles and boosting market confidence in NVIDIA's future growth. Source: Reuters AI chip demand is strong, and valuations are attractive. Broadcom rose 2.04%. Based on recent key news: On December 18, JPMorgan analysts held an optimistic view on Broadcom, predicting a 10% to 15% revenue growth in the semiconductor industry by 2026, which drove Broadcom's stock price up. JPMorgan forecasts that data center capital expenditures will grow by 50%, and Broadcom is listed as one of the major hot companies, resulting in a 2.04% stock price increase. Source: JPMorgan On December 17, UBS raised its forecast for Broadcom's AI semiconductor revenue for fiscal year 2026 to over $60 billion, nearly tripling year-on-year. UBS noted that Broadcom's AI-related backlog reached $73 billion, with total order backlog growing approximately 50% quarter-on-quarter in Q4, driving the stock price up. Source: UBS On December 18, Broadcom's stock price rose due to optimistic market sentiment regarding AI demand. The CEO of Futurum stated that the fundamentals and demand momentum in the AI industry remain strong, and concerns about debt risk may be overinterpreted. Source: Futurum CEO optimistic about the semiconductor industry, strong AI demand. Micron Technology rose 7.39%. Based on recent news, On December 18, Micron Technology reported Q1 revenue of $13.64 billion, with adjusted earnings per share of $4.78, both exceeding expectations The company expects revenue of approximately $18.7 billion in the second fiscal quarter, with earnings per share of about $8.42, driven by strong demand for AI data centers. Following this news, the stock price rose 5% in after-hours trading. On December 18, Morgan Stanley analyst Joseph Moore stated that Micron's performance guidance reflects what may be the best revenue upside in the history of the U.S. semiconductor industry. Moore noted that Micron's performance represents the most rapid inflection point he has seen in his 32 years covering memory stocks. On December 19, Societe Generale analyst Karl Ackermann expressed extreme optimism regarding Micron's stock, setting a target price of $270, believing that Micron's DRAM and NAND flash chips have growth potential. AI demand is driving growth in the memory chip market, and the industry outlook is optimistic. Stocks ranked among the top in industry market capitalization TSMC rose 1.95%. Based on recent key news: On December 18, Morgan Stanley raised TSMC's target price to NT$1,888, believing that its revenue and profit margins have growth potential, and recommended investors to increase their holdings. This move boosted market confidence in TSMC, driving the stock price up. Source: Morgan Stanley On December 17, TSMC announced plans to install 3-nanometer process tools at its Arizona plant, marking an important step in its overseas expansion. This news enhanced market expectations for TSMC's future development, benefiting the stock price. Source: Nikkei News On December 19, major U.S. stock indices closed higher, with TSMC ADR rising 2.79%, and the Taiwan stock market poised to challenge the monthly line. This rebound provided support for TSMC's stock price. Source: MarketBeat The competition in the semiconductor industry is intensifying, and attention should be paid to policy changes