---
title: "U.S. stock market mid-session update: Infleqtion down 9.62%, Vertex's billion-dollar acquisition raises market concerns"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292525132.md"
description: "Infleqtion fell 9.62%; SanDisk fell 13.45%, with a transaction volume of USD 19.7 billion; Apple rose 0.52%, with a transaction volume of USD 9.883 billion; Seagate Technology fell 6.10%, with a transaction volume of USD 3.048 billion; Dell Technologies-C fell 2.24%, with a market value of USD 274.9 billion"
datetime: "2026-07-13T19:47:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292525132.md)
  - [en](https://longbridge.com/en/news/292525132.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292525132.md)
generator: "portal-rs"
---

# U.S. stock market mid-session update: Infleqtion down 9.62%, Vertex's billion-dollar acquisition raises market concerns

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

Infleqtion fell 9.62%. Based on recent key news:

1.  On July 11, Vertex Pharmaceuticals announced its acquisition of Crinetics Pharmaceuticals for approximately $10 billion, paying a premium to monopolize its proprietary molecular pricing rights. This news sparked market interest in the related field, leading to a decline in Infleqtion's stock price.

2.  No other significant news recently.

3.  No other significant news recently. Market attention on therapies for rare endocrine diseases has increased.

**Top Stocks by Industry Trading Volume**

SanDisk fell 13.45%. Based on recent key news:

1.  On July 13, SK Hynix's stock price fluctuated significantly after its debut in the U.S. market, leading to a sell-off of storage chip stocks like SanDisk. SK Hynix's IPO raised $26.5 billion, raising concerns in the storage chip industry, causing SanDisk's stock price to drop by 6%. Source: Barron's

2.  On July 13, analysts expressed optimism about SanDisk's long-term profit potential, believing the market has underestimated the long-term profitability brought by AI data center demand. Evercore ISI analysts raised the target price from $1,400 to $3,100, despite recent stock price volatility. Source: Barron's

3.  On July 11, Meta signed a long-term supply agreement with SanDisk, boosting sentiment in the storage chip sector. SanDisk's stock price rose over 3% during the day, benefiting from semiconductor recovery and optimistic expectations for high-performance storage demand. Source: Barron's The storage chip industry experiences significant cyclical fluctuations.

Apple rose 0.52%, with increased trading volume. Based on recent key news:

1.  On July 13, concerns about AI investment returns intensified, prompting investors to turn to Apple and avoid chip manufacturers and cloud computing giants. Apple's stock price has rebounded 15% since hitting a low on June 25, adding nearly $600 billion in market value and returning to historical highs. Source: Jin10 Data

2.  On July 13, Apple acquired part of the assets of observability software startup SigScalr, further enhancing its technical capabilities in data log management and system monitoring. The stock price rose over 1% against the market trend, reaching a historical high. Source: Zhitong Finance

3.  On July 13, Citigroup raised Apple's target price to $365, maintaining a "Buy" rating, believing that Apple still has the ability to expand its market share in a pressured device market environment. Source: Citigroup Concerns about AI investment returns intensify, with funds flowing to Apple.

Seagate Technology fell 6.10%. Based on recent key news:

1.  On July 11, cyclical fluctuations in the storage chip industry led to a decline in Seagate Technology's stock price. Meta's sale of computing power raised market concerns about oversupply, causing a collective pullback in storage chip stocks, with Seagate Technology's stock price dropping over 20%. Source: Zhitong Finance

2.  On July 11, Wells Fargo upgraded Seagate Technology to "Overweight," raising the target price to $1,100. Analysts expect that demand for AI data centers will drive long-term growth in nearline hard drive shipment capacity, boosting market confidence. Source: Zhitong Finance

3.  On July 11, Seagate Technology's HAMR production line may not meet high-capacity demand, leading to gross margin risks. Analysts pointed out that the recovery of spending by cloud service providers in the North American market is slow, affecting Seagate Technology's market expectations. Source: Zhitong Finance. The cyclical fluctuations in the storage chip industry are significant.

**Stocks ranked at the top of the industry by market capitalization**

Dell Technologies-C fell 2.24%. Based on recent key news:

1.  On July 11, Super Micro Computer's stock plummeted 29%, triggering a repricing in the AI server market, putting pressure on Dell's stock price. Competition within the industry has intensified, raising concerns about the growth prospects of AI hardware suppliers.

2.  On July 11, Trump publicly supported Dell products, driving the stock price up, but the market's assessment of the company's long-term investment value still needs to focus on its strategic positioning in the AI infrastructure sector and the long-term growth potential of government orders.

3.  On July 14, Dell announced better-than-expected earnings data, leading to a significant rise in stock price, pushing it close to a breakout point. The earnings beat improved market confidence in Dell. Competition in the AI hardware market has intensified, increasing risks

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**