---
title: "U.S. stock market midday update: T1 Energy down 12.91%, stock price plummets due to disappointing earnings report"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292932633.md"
description: "T1 Energy fell 12.91%; Micron Technology fell 6.19%, with a transaction volume of 21.3 billion USD; NVIDIA fell 2.50%, with a transaction volume of 11.7 billion USD; AMD fell 5.48%, with a transaction volume of 6.86 billion USD; TSMC fell 3.27%, with a market value of 2.1 trillion USD"
datetime: "2026-07-16T16:48:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292932633.md)
  - [en](https://longbridge.com/en/news/292932633.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292932633.md)
---

# U.S. stock market midday update: T1 Energy down 12.91%, stock price plummets due to disappointing earnings report

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

T1 Energy fell 12.91%. Based on recent news,

1.  On July 14, Barclays analyst Mick Pickup maintained a buy rating on Technip Energies NV, setting a target price of €43.10, indicating a 30.29% upside from the current stock price. Despite the analyst's optimistic view on Technip Energies NV, concerns about the overall outlook for the energy sector led to a significant drop in T1 Energy's stock price.
    
2.  On July 13, concerns about the overall outlook for the energy sector led to a decline in investor sentiment and increased selling pressure. Fluctuations in energy prices and global economic uncertainty exacerbated market worries, further depressing T1 Energy's stock price.
    
3.  On July 12, T1 Energy's latest financial report showed that its quarterly earnings fell short of market expectations, undermining investor confidence. The report indicated a 15% year-on-year decline in net profit, raising concerns about the company's future profitability and leading to a significant drop in stock price. The overall outlook for the energy sector remains unclear, and market sentiment is low.
    

**Top Stocks by Trading Volume in the Industry**

Micron Technology fell 6.19%. Based on recent key news:

1.  On July 16, Micron Technology announced a long-term agreement with Qualcomm and other companies to ensure the supply of memory needed for AI vehicles, driving stock price volatility. This move indicates strong demand for AI, leading to a shortage of advanced memory. Source: Reuters
    
2.  On July 15, KeyBanc analysts raised Micron's target price to $1,750, expecting tight supply and demand in the memory market to continue until 2027, driving stock price up. Source: Barron’s
    
3.  On July 14, Micron announced a $500 million strategic financing for GlobalWafers to support wafer supply, indicating strong future demand, which affected the stock price. Source: MoneyDJAI Strong demand, tight supply and demand in the memory market.
    

NVIDIA fell 2.50%, with increased trading volume. Based on recent key news:

1.  On July 14, there were rumors that NVIDIA might no longer cooperate with Shenghong Technology, involving an order amount of 5 billion yuan. Shenghong Technology clarified that the rumors were false and emphasized that cooperation with NVIDIA is proceeding normally. This news raised market concerns about NVIDIA's supply chain stability, leading to a drop in stock price.
    
2.  On July 14, NVIDIA halved its list of Asian customers due to strengthened compliance reviews to prevent chips from flowing into the Chinese market. This move may impact NVIDIA's sales in Asia, and the market reacted negatively, putting pressure on the stock price.
    
3.  On July 16, NVIDIA CEO Jensen Huang confirmed that the company's next-generation AI system has entered the production phase, alleviating market concerns about production delays. However, worries about a slowdown in demand for AI chips still persist, affecting stock performance. The AI chip market is highly competitive, and macroeconomic uncertainty is increasing AMD fell 5.48%, with a transaction volume of $6.86 billion. Based on recent key news:
    
4.  On July 16, TSMC significantly raised its capital expenditure expectations, raising concerns among investors about chip manufacturers like AMD, leading to a drop in stock prices. Source: Benzinga
    
5.  On July 16, UBS raised AMD's target price to $700, citing optimism about its AI activity prospects and long-term GPU revenue potential. Source: Investing.com
    
6.  On July 15, Bank of America raised AMD's target price to $620, due to strong demand for AI servers and expectations for quarterly earnings to exceed market expectations. Source: Financial Channel AI demand is strong, semiconductor industry outlook is optimistic.
    

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

TSMC fell 3.27%. Based on recent key news:

1.  On July 16, TSMC announced its second-quarter financial report, with net profit soaring 77.4% year-on-year, exceeding market expectations, but stock prices fell, possibly due to market adjustments to future growth expectations. TSMC's second-quarter revenue was NT$1.27 trillion, with a net profit of NT$706.56 billion. Source: Zhitong Finance
    
2.  On July 16, TSMC announced an additional investment of $100 billion in the U.S., planning to build four more fabs. This move may raise market concerns about increased capital expenditures. Source: Wall Street News
    
3.  On July 16, ASML plans to raise prices for chip manufacturing equipment, to which TSMC has expressed resistance, potentially affecting its production costs. Source: Jinshi Data Semiconductor industry demand is strong, AI chips drive growth

### Related Stocks

- [TE.US](https://longbridge.com/en/quote/TE.US.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [AMD.US](https://longbridge.com/en/quote/AMD.US.md)
- [TSM.US](https://longbridge.com/en/quote/TSM.US.md)

## Related News & Research

- [T1 Energy Acquires Key TOPCon Solar Technology Assets](https://longbridge.com/en/news/294056281.md)
- [T1 Energy acquires Evervolt solar patents, IP assets for $135 million](https://longbridge.com/en/news/294046697.md)
- [T1 Energy prices USD 120 million 4.75% convertible senior notes due 2031 in private placement](https://longbridge.com/en/news/294339934.md)
- [Ireland's DCC Energy agrees $7.7 billion takeover by KKR, Energy Capital](https://longbridge.com/en/news/293887170.md)
- [Morgan Stanley Keeps Their Buy Rating on Expand Energy (EXE)](https://longbridge.com/en/news/294365601.md)