--- title: "U.S. stock market midday update: Foxx Development down 15.93%, trading volume increased, market sentiment fluctuations attract attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/287803544.md" description: "Foxx Development fell 15.93%; SanDisk fell 1.93%, with a transaction volume of 11.7 billion USD; Apple rose 0.71%, with a transaction volume of 9.2 billion USD; Western Digital rose 0.99%, with a transaction volume of 2.099 billion USD; Dell Technologies-C rose 0.46%, with a market value of 199.1 billion USD" datetime: "2026-05-27T17:13:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287803544.md) - [en](https://longbridge.com/en/news/287803544.md) - [zh-HK](https://longbridge.com/zh-HK/news/287803544.md) generator: "portal-rs" --- # U.S. stock market midday update: Foxx Development down 15.93%, trading volume increased, market sentiment fluctuations attract attention **U.S. Stock Market Midday Update** Foxx Development fell 15.93%, with increased trading volume and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** SanDisk fell 1.93%, with increased trading volume. Based on recent news, 1. On May 27, Barclays upgraded SanDisk's rating to "Overweight" and significantly raised the target price to $2,300. Despite the upgrade, SanDisk's stock price failed to maintain its pre-market gains, ultimately falling over 2.6%. Analysts pointed out that the demand for AI continues to surge, and the supply-demand imbalance in the storage industry is expected to last at least until 2027. — Zhitong Finance 2. On May 27, SanDisk's revenue for the third fiscal quarter reached $5.95 billion, a year-on-year increase of 251%, with data center revenue reaching $1.47 billion, a staggering increase of 645% year-on-year. Despite strong financial performance, the market still has concerns about the cyclical risks in the storage industry. — Titanium Media App 3. On May 27, market data showed that the global NAND Flash market size in Q1 was $42.815 billion, with enterprise SSD demand doubling, driving an 81.8% quarter-on-quarter increase in the global NAND Flash market size. SanDisk holds a market share of 13.9%, ranking fourth. — Titanium Media App The storage industry faces a supply-demand imbalance, with continued growth in AI demand. Apple rose 0.71%, with a trading volume of $9.2 billion. Based on recent news, 1. On May 27, Bank of America raised Apple's target stock price from $330 to $380, citing the rise of smart agent AI as a potential source of significant new revenue for Apple, boosting stock valuation. 2. On May 27, the latest research from market research firm Omdia showed that despite a 3% year-on-year decline in U.S. smartphone shipments, Apple still maintains its market leadership with a 60% market share. 3. On May 26, Apple faced challenges in mass production of its first foldable phone, iPhone Fold, leading to a slowdown in production progress, which may affect future market performance. Smart agent AI and foldable phones are the focus of attention. Western Digital rose 0.99%. Based on recent key news: 1. On May 27, Barclays raised Western Digital's target stock price from $450 to $620. This move reflects market confidence in the company's future growth potential, driving the stock price up. 2. On May 25, a TrendForce report indicated a global supply shortage in the NAND Flash market, with strong demand, especially in the AI server sector. This supply-demand imbalance helps enhance the market performance of storage companies like Western Digital On May 25th, market analysis indicated that although Western Digital was rated as "moderate buy," top analysts were more optimistic about five other stocks. This suggests limited market confidence in Western Digital, which may restrict further increases in its stock price. The storage industry is experiencing an imbalance between supply and demand, with strong AI demand. **Stocks Ranked High in Industry Market Value** Dell Technologies-C rose by 0.46%. Based on recent key news: 1. On May 27th, IREN reached a $1.6 billion agreement with Dell Technologies to purchase Nvidia Blackwell systems to accelerate AI deployment, driving up Dell's stock price. This transaction was reported by Investor's Business Daily, highlighting the strong growth in AI demand. 2. On May 25th, Dell Technologies partnered with NVIDIA to launch AI factory updates, promoting enterprise AI development. This news led to a 16.77% surge in Dell's stock price, reaching an all-time high, demonstrating strong market interest in AI technology. 3. On May 26th, Morgan Stanley analysts raised Dell's target price to $170, despite maintaining a "reduce" rating, due to strong demand for AI servers and traditional computing hardware. Analysts warned that demand may weaken in the second half of the year, impacting profitability. 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