U.S. stock market midday update: Wolfspeed down 10.15%: Analysts lower target price, 800V innovation disrupts the market

U.S. Stock Market Midday Update

Wolfspeed fell by 10.15%. Based on recent key news:

1. On July 21, Susquehanna lowered Wolfspeed's target price to $30, leading to a significant drop in stock price. Analysts believe that market concerns about its future profitability have intensified, affecting investor confidence.

2. On July 21, innovations in the semiconductor industry drove market volatility. The 800V electric vehicle innovation is redefining the power architecture of AI data centers, involving companies like Wolfspeed, with mixed market reactions to the technological changes.

3. No other significant news recently. Innovations in the semiconductor industry are exacerbating market volatility.

Stocks with High Trading Volume in the Industry

Micron Technology rose by 3.55%. Based on recent news:

1. On July 21, SK Group Chairman Chey Tae-won publicly stated that current memory chip prices are abnormally high, which the market interpreted as a wake-up call regarding the short-term overheating risks in the industry, boosting overall sentiment in the semiconductor sector and driving Micron's stock price up by 2.4%.

2. On July 22, Bank of America released a forecast stating that the high-bandwidth memory market size will expand from the current approximately $35 billion to $246 billion by 2030, and raised Micron Technology's target price to $155, driving the stock price up.

3. On July 23, Tesla CEO Elon Musk revealed that Micron Technology provided a large number of memory chips to Tesla, meeting its demand for scarce materials, further boosting market confidence. Strong demand in the semiconductor industry is driving growth in memory chip demand.

Nvidia fell by 1.48%. Based on recent key news:

1. On July 22, Nvidia announced a partnership with Wistron to launch AI server production facilities in Texas, USA, boosting Nvidia's AI server output. This move expands Nvidia's business footprint in the U.S., positively impacting its stock price. Source: Zhitong Finance

2. On July 21, Nvidia disclosed that it holds a 9.3% stake in Dutch cloud service provider Nebius, driving Nebius's stock price up. This news boosted market confidence in Nvidia's long-term value in the AI sector. Source: Zhitong Finance

3. On July 23, Nvidia reached a strategic computing partnership with GMI Cloud, further solidifying its position in the data center market. This collaboration helps enhance Nvidia's market competitiveness. Source: Zhitong Finance. Strong demand in the AI industry is driving market growth.

AMD fell by 2.20%, with increased trading volume. Based on recent key news:

1. On July 22, AMD signed a multi-billion dollar AI server cooperation agreement with Anthropic. Despite the large scale of the agreement, the stock price fell by 4% in pre-market trading. This agreement is seen as AMD's challenge to Nvidia in the AI chip market. Source: Guandian Network

2. On July 22, GF Securities reported that AMD's upcoming "Advancing AI 2026" conference could become a catalyst for its stock price. The market expects the conference to showcase a technology roadmap and announce new customers. Source: Zhitong Finance

3. On July 21, AMD deepened its cooperation with Microsoft, with Azure set to deploy the Helios rack-level AI system, helping AMD challenge NVIDIA in the AI chip sector. This news drove the stock price up. Source: Zhitong Finance The technology sector as a whole weakened, affecting chip stocks' performance.

Stocks ranked at the top of the industry by market capitalization

TSMC fell 1.45%. Based on recent key news:

1. On July 21, TSMC announced an increased investment of $100 billion in the United States to promote the construction of its Arizona factory, with the market optimistic about its long-term demand, putting short-term pressure on the stock price. Source: MoneyDJ News

2. On July 22, TSMC plans to raise chip prices in 2027, reflecting rising costs, which will affect customers' cost structures and lead to stock price fluctuations. Source: Nikkei Asia

3. On July 23, the market is concerned that the semiconductor cycle is nearing its peak; despite TSMC's strong financial report, valuation volatility has intensified. Source: Barron's The semiconductor industry faces cyclical fluctuations, and investment should be cautious