---
title: "U.S. stock market midday update: Onto Innovation up 11.91%, AI stock selection boosts five-year high returns"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292225165.md"
description: "Onto Innovation rose 11.91%; Applied Materials rose 6.69%, with a transaction volume of USD 3.31 billion; Lam Research rose 7.28%, with a transaction volume of USD 2.264 billion; ASML rose 3.27%, with a transaction volume of USD 1.696 billion; KLA rose 6.24%, with a market value of USD 306.8 billion"
datetime: "2026-07-09T16:42:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292225165.md)
  - [en](https://longbridge.com/en/news/292225165.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292225165.md)
---

# U.S. stock market midday update: Onto Innovation up 11.91%, AI stock selection boosts five-year high returns

**U.S. Stock Market Midday Update**

Onto Innovation rose 11.91%. Based on recent key news:

1.  On July 8, Onto Innovation has performed excellently over the past five years, with an annualized return of 31.48% and a market capitalization of $13.93 billion. This news boosted investor confidence and drove the stock price up.
    
2.  On July 9, InvestingPro's AI stock selection system included Onto Innovation in its high-confidence stock list, further increasing market attention and investment enthusiasm for the stock.
    
3.  On July 7, InvestingPro launched new features WarrenAI and Vision AI, providing real-time market insights and chart analysis, attracting more investors to use its platform, indirectly pushing Onto Innovation's stock price up. The increasing demand for AI technology has driven related stocks higher.
    

**Stocks with High Trading Volume in the Industry**

Applied Materials rose 6.69%. Based on recent key news:

1.  On July 9, the CEO of Applied Materials stated that chip manufacturers are sharing equipment demand outlooks for the next two years or longer to ensure smooth capacity expansion, and the AI-driven investment boom may continue to exceed expectations. This news pushed the stock price up by 8%; source: Zhitong Finance.
    
2.  On July 9, Mizuho raised the target price for Applied Materials from $540 to $650, further boosting market confidence. This move led to an 8.91% pre-market increase in the stock price, currently reported at $621.35; source: Wall Street Insight.
    
3.  On July 9, the Philadelphia Semiconductor Index opened up 5%, with the semiconductor sector generally strengthening, and Applied Materials' stock price rose nearly 10% during the day, currently reported at $625.545; source: Jinshi Data. The semiconductor industry is performing strongly overall, with the AI-driven investment boom continuing.
    

Lam Research rose 7.28%. Based on recent key news:

1.  On July 8, Lam Research's stock price plummeted 6.86%, dragged down by widespread selling in the semiconductor sector, mainly due to valuation anxiety and disappointing earnings in chip manufacturing. Concerns from institutional investors about the sustainability of AI infrastructure spending and significant insider selling by the CEO also intensified stock price pressure; source: Zhitong Finance.
    
2.  On July 7, Lam Research CEO Timothy Archer sold 30,000 shares of common stock, valued at approximately $11.7 million, raising market concerns about the company's short-term valuation peak; source: SEC announcement.
    
3.  On July 8, Lam Research's orders faced compression, as major customers like SK Hynix adjusted their capital expenditure priorities, shifting towards traditional DRAM profits rather than accelerating AI high-bandwidth memory; source: Wall Street Insight. The semiconductor industry is facing valuation pressure and institutional rotation risks ASML rose 3.27%, with increased trading volume. Based on recent key news:
    
4.  On July 6, SK Hynix plans to list on NASDAQ and intends to make large-scale purchases of ASML's EUV equipment, driving up ASML's stock price. SK Hynix's fundraising plan clarifies the timeline for equipment procurement, reinforcing market optimism about the demand for EUV equipment.
    
5.  On July 9, JP Morgan released a report stating that ASML needs to demonstrate strong future growth prospects to attract investors. JP Morgan gave ASML an "Overweight" rating with a target price of $2,200, indicating a 24% upside from the current stock price.
    
6.  On July 7, Morgan Stanley raised ASML's target price from €1,660 to €1,830, reflecting market confidence in its future growth. The semiconductor industry's capital expenditure is in an upward cycle.
    

**Stocks ranked among the top in industry market capitalization**

KLA rose 6.24%. Based on recent key news:

1.  On July 2, the company's CFO Bren Higgins sold 27,701 shares, valued at approximately $7.4 million, causing the stock price to drop 2.64% in pre-market trading. Goldman Sachs maintained a Hold rating with a target price of $230. The semiconductor sector has been under pressure recently, with the Philadelphia Semiconductor Index weakening for several consecutive days.
    
2.  On July 7, the well-known Wall Street investment firm Nomura released a new research report rebutting the "semiconductor peak theory," pointing out that demand for AI cloud infrastructure is spreading, with expected revenue growth for AI servers of 78% and 76% in 2026 and 2027, respectively.
    
3.  On July 9, the latest FactSet survey showed that the median target price estimate for KLA by 24 analysts was raised from $209 to $220, an increase of 5.26%. The highest valuation was $325, and the lowest was $170. The semiconductor sector has been under pressure recently, with the Philadelphia Semiconductor Index weakening

### Related Stocks

- [ONTO.US](https://longbridge.com/en/quote/ONTO.US.md)
- [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md)
- [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md)
- [ASML.US](https://longbridge.com/en/quote/ASML.US.md)
- [KLAC.US](https://longbridge.com/en/quote/KLAC.US.md)

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