U.S. stock night trading fluctuations: AXT rose 3.03% in night trading, driven by the withdrawal of A shares and dual drivers of AI demand

U.S. Stock Night Market Movements

AXT Company rose 3.03% in the night market. Based on recent key news:

1. On July 9, AXT's subsidiary Tongmei withdrew its IPO application from the Shanghai Stock Exchange and turned to the Hong Kong Stock Exchange for listing. This move may trigger a private redemption right of approximately RMB 324.4 million. AXT stated that it has sufficient liquidity to meet related obligations, and the stock price rose nearly 3% during the session. Source: Zhitong Finance

2. On July 8, the epitaxial factory benefited from the increased demand for indium phosphide due to AI data centers, obtaining substrate material sources from AXT. It is expected that shipping momentum will strengthen in the third quarter, driving up the stock price. Source: Wall Street Insight

3. On July 6, a report from Nomura Securities pointed out that the construction of AI infrastructure is driving a surge in demand for photonic materials. AXT, as one of the beneficiaries in the indium phosphide industry chain, is expected to see material prices rise, which will strengthen the stock price. Source: Jinshi Data, the optical communication sector is strengthening, with significant capital inflow.

Stocks with High Trading Volume in the Industry

Applied Materials rose 1.97% in the night market. Based on recent key news:

1. On July 6, Citigroup analysts expressed optimism about Applied Materials due to expected growth in capital expenditures for wafer fabrication equipment, with the stock price rising nearly 6%. Citigroup noted that Applied Materials' DRAM business portfolio is favorable and its valuation is lower than peers.

2. On July 7, Goldman Sachs raised the target price for Applied Materials to $645, reflecting market confidence in its future growth. Goldman Sachs believes that Applied Materials has a competitive advantage in the semiconductor equipment market.

3. On July 8, well-known short-seller Michael Burry established a new short position against Applied Materials, increasing market concerns about its AI equipment demand, leading to pressure on the stock price. The semiconductor industry's capital expenditure is expected to grow, and market sentiment is optimistic.

Lam Research rose 1.15% in the night market. Based on recent key news:

1. On July 8, Lam Research's stock price fell 6.86% due to widespread selling in the semiconductor sector, valuation anxiety, and poor performance in chip manufacturing. Internal stock sales by executives exacerbated market concerns, although analysts maintained a buy rating.

2. On July 7, Lam Research's stock price fell 7.54%, underperforming the tech equipment sector. Institutional investors expressed concerns about the sustainability of AI infrastructure spending, leading to pressure on the stock price.

3. On July 6, Goldman Sachs raised the target price for Lam Research, optimistic about the semiconductor equipment industry's prospects. Susquehanna also raised market forecasts, maintaining a bullish rating on Lam Research. The semiconductor industry is facing valuation pressure, with significant capital movement.

KLA rose 1.40% in the night market. Based on recent key news:

1. On July 7, KLA's CFO Bren Higgins sold shares worth $7.4 million, causing the stock price to drop 8.11% during the session. Goldman Sachs maintained a hold rating with a target price of $230. The semiconductor sector weakened overall, with the Philadelphia Semiconductor Index falling over 7%

2. On July 6th, Morgan Stanley raised the target price for KLA from $190 to $274, reflecting the market's optimistic expectations for semiconductor equipment demand.

3. On July 6th, KLA fell 11.51% intraday, with Goldman Sachs analysts maintaining a hold rating and a target price of $230. Institutions like Susquehanna raised their target prices for semiconductor equipment stocks, indicating a divergence among industry analysts regarding the sector's outlook. The semiconductor sector was boosted by an upward revision in AI demand forecasts