---
title: "U.S. stock market update: MaxLinear down 17.84%, despite exceeding earnings expectations, faces sell-off"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293776278.md"
description: "MaxLinear fell 17.84%; Micron Technology fell 5.34%, with a transaction volume of $16 billion; Intel fell 3.17%, with a transaction volume of $8.605 billion; NVIDIA rose 0.28%, with a transaction volume of $7.616 billion; TSMC fell 2.22%, with a market value of $2.11 trillion"
datetime: "2026-07-24T15:38:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293776278.md)
  - [en](https://longbridge.com/en/news/293776278.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293776278.md)
generator: "portal-rs"
---

# U.S. stock market update: MaxLinear down 17.84%, despite exceeding earnings expectations, faces sell-off

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

MaxLinear fell 17.84%, with increased trading volume. Based on recent key news:

1.  On July 23, MaxLinear announced its second-quarter financial report, with revenue up 55% year-over-year, but the stock price fell 9% in after-hours trading. Despite exceeding expectations, market concerns about its future growth led to the stock price decline. Source: MT Newswires

2.  On July 23, MaxLinear projected third-quarter revenue to exceed analyst expectations; however, the stock price still dropped 9.85% in pre-market trading. Market concerns about its cost management and future profitability intensified stock price volatility. Source: Benzinga

3.  On July 23, analysts maintained their ratings on MaxLinear but raised the target price. Despite analysts' optimistic outlook on its future performance, the market reacted poorly, leading to a stock price decline. Source: MarketBeat The semiconductor industry shows strong demand, with significant capital inflow.

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

Micron Technology fell 5.34%. Based on recent key news:

1.  On July 21, SK Hynix executives warned that memory prices are unsustainable, raising market concerns. Micron's stock rebounded 1.9% after three consecutive days of decline, but its market value has yet to return to the trillion yuan threshold. Analysts expect DRAM prices to rise by 15% to 20%. Source: Barron's

2.  On July 23, Tesla CEO Elon Musk revealed that Micron provides a large number of storage chips to meet demand. The rise of global AI systems has driven up demand for storage chips, leading to high prices. Source: Zhitong Finance

3.  On July 24, following Alphabet's earnings report, market funds shifted towards the memory and chip supply chain, with Micron rising 2% in pre-market trading. Investment in AI infrastructure is accelerating, with funds flowing to companies like Micron. Source: Golden Finance AI investment accelerates, with funds flowing to storage chips.

Intel fell 3.17%. Based on recent news:

1.  On July 24, Intel announced its second-quarter financial report, with revenue of $16.1 billion, a 25% year-over-year increase, exceeding market expectations. Revenue from the data center business grew 59% year-over-year, driving the stock price up about 11% in after-hours trading.

2.  On July 24, Intel released its third-quarter revenue forecast of $15.8 billion to $16.8 billion, surpassing the analyst expectation of $15.1 billion, indicating strong demand from data center customers.

3.  On July 24, Intel reached a strategic cooperation agreement with Fortinet to jointly develop the next generation of cybersecurity processors, further solidifying its position in the chip manufacturing sector. The semiconductor sector is performing strongly overall, with significant capital inflow.

NVIDIA rose 0.28%. Based on recent key news:

1.  On July 23, NVIDIA announced the global deployment of the Vera Rubin platform, driving the stock price up. JP Morgan believes that market concerns about NVIDIA's market share in AI are overstated, as NVIDIA's product structure upgrades in AI computing power and data centers significantly enhance performance Source: Zhitong Finance

2.  On July 22, Wistron announced the launch of AI server facilities in the United States to boost the production capacity of NVIDIA-related products. The new facilities will expand the domestic assembly and testing capacity of NVIDIA AI servers in the United States. Source: Zhitong Finance

3.  On July 21, NVIDIA disclosed a 9.3% stake in Nebius, driving up Nebius's stock price. NVIDIA continues to increase its holdings in AI companies, enhancing market confidence. Source: Zhitong Finance The AI industry continues to grow, with significant capital inflows.

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

TSMC fell 2.22%. Based on recent news:

1.  On July 24, TSMC's stock price dropped due to poor earnings reports from U.S. tech giants, with Google and Tesla reporting negative free cash flow and increased capital expenditures, causing market unease and a sharp decline of over 1,000 points in the Taiwan stock market. Source: Jinshi Data

2.  On July 22, TSMC announced plans to increase investment by $100 billion in the United States to build more wafer fabs, raising concerns about the hollowing out of Taiwan's semiconductor industry. Source: Jinshi Data

3.  On July 21, TSMC raised its full-year capital expenditure and revenue outlook during its earnings call, and despite corrections in the U.S. semiconductor sector, TSMC is still seen as a long-term investment opportunity. Source: Zhitong Finance The semiconductor industry is experiencing increased volatility, and risks need to be monitored

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- [MaxLinear CEO Kishore Seendripu reports disposal of common shares worth $42.55 million](https://longbridge.com/en/news/296267626.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**