U.S. stock night market fluctuations: STMicroelectronics rose 4.45% in the night market, and Goldman Sachs' downgrade of the target price couldn't stop the inflow of funds

U.S. Stock Night Market Movements

STMicroelectronics rose 4.45% in the night market. Based on recent key news:

1. On July 30, STMicroelectronics' stock price rose 4.61% before being automatically suspended from trading. This event indicates increased market confidence in the company, leading to a significant rise in stock price.

2. On July 28, Goldman Sachs lowered the target price for STMicroelectronics from $67.5 to $60.5. Despite the target price reduction, analysts remain focused on the company, affecting stock price fluctuations.

3. On July 28, Citi analyst Andrew Gardiner maintained a buy rating on STMicroelectronics, setting a target price of €62.00. This rating reflects positive market expectations for the company's future performance. The overall industry is performing well, with noticeable capital inflows.

Stocks with High Trading Volume in the Industry

Micron Technology rose 2.36% in the night market. Based on recent key news:

1. On July 30, the wave of artificial intelligence drove a significant rise in Micron Technology's stock price. Despite recent market pullbacks, analysts believe that supply-demand imbalances and technological upgrades will continue to support Micron's long-term fundamentals. Micron has shifted its production focus to high-margin high-frequency memory, leading to price increases in traditional DRAM and NAND flash memory. Source: Zhitong Finance

2. On July 28, the listing of Changxin Storage triggered a massive sell-off in the global memory chip sector. The hot debut of Changxin Storage caused a collective decline in U.S. memory stocks, with Micron's stock price dropping in tandem. Source: Wall Street Insight

3. On July 31, Moody's upgraded Micron Technology's senior unsecured rating to Baa1, with a stable outlook. The rating upgrade reflects improvements in Micron Technology's financial condition, boosting market confidence. Source: Jinshi Data Storage chip demand is rebounding, and market sentiment is optimistic.

SK Hynix rose 5.67% in the night market. Based on recent news:

1. On July 29, SK Hynix announced its second-quarter financial report, with operating profit soaring 557% to 60.5 trillion won, influenced by increased AI data center investments from tech giants. However, revenue fell short of expectations, raising market concerns and causing significant stock price fluctuations.

2. On July 29, SK Group Chairman Choi Tae-won purchased 3,600 shares of SK Hynix, demonstrating internal confidence in the company's future development, which pushed the stock price up.

3. On July 29, Kis raised the target price for SK Hynix by 24% to 4.7 million won, with the market optimistic about the company's future performance, further boosting the stock price. The semiconductor industry is experiencing strong demand, with continued growth in AI investments.

NVIDIA rose 1.14% in the night market. Based on recent key news:

1. On July 27, NVIDIA's stock price fell about 5% due to a collective sell-off in the semiconductor sector. The market is concerned about the high costs of building AI infrastructure, putting pressure on the stock price. Source: Jinshi Data

2. On July 28, the news that NVIDIA was in talks with OpenAI to provide a $250 billion financing guarantee raised market concerns about circular financing, leading to stock price fluctuations. Source: Financial Associated Press

3. On July 28, market strategists pointed out that NVIDIA showed strong performance at the technical support level of $190-192, and despite the previous decline in stock price, there was no follow-up selling pressure. Source: Zhitong Finance Technology stocks are more volatile due to the impact of Federal Reserve policies