--- title: "U.S. stock market midday update: TTM Tech rises 12.43%, driven by strong AI and defense demand boosting earnings report beyond expectations" type: "News" locale: "en" url: "https://longbridge.com/en/news/295125744.md" description: "TTM Tech rose 12.43%; Tianhong Technology fell 11.97%, with a transaction volume of USD 1.757 billion; Aeva Tech rose 35.01%, with a transaction volume of USD 145 million; Flex International rose 1.94%, with a transaction volume of USD 113 million; TE Connectivity fell 0.64%, with a market value of USD 63.6 billion" datetime: "2026-08-06T15:43:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295125744.md) - [en](https://longbridge.com/en/news/295125744.md) - [zh-HK](https://longbridge.com/zh-HK/news/295125744.md) generator: "portal-rs" --- # U.S. stock market midday update: TTM Tech rises 12.43%, driven by strong AI and defense demand boosting earnings report beyond expectations **U.S. Stock Market Midday Update** TTM Tech rose 12.43%. Based on recent key news: 1. On August 6, TTM Tech announced its second-quarter financial report, showing revenue of $1 billion and a non-GAAP earnings per share of $0.99, primarily driven by strong demand in AI and defense. This news boosted market confidence and pushed the stock price up. 2. On August 5, TTM Tech's net income for the second quarter was $83.047 million, with revenue of $109 million, demonstrating the company's strong performance in its core market, further supporting the rise in stock price. 3. On August 4, analysts rated TTM Tech as a moderate buy; nevertheless, the market's optimistic expectations for its future growth potential continued to drive the stock price up. AI and defense demand are driving industry growth. **Stocks with High Trading Volume in the Industry** Tianhong Technology fell 11.97%. Based on recent key news: 1. On August 6, Tianhong Technology announced a $3 billion equity financing to fund business investments. Following this news, the company's stock listed in the U.S. fell 11% in after-hours trading. The announcement mentioned the demand brought by global AI infrastructure development, with the net proceeds expected to be used for working capital, supporting capital expenditure investments, and other general corporate purposes. 2. On August 6, Tianhong Technology's stock listed in the U.S. dropped 11.8% to $320 due to the company's announcement of a $3 billion equity issuance for working capital, capital expenditures, and other general corporate purposes. BofA and Citigroup are the joint lead underwriters, with TD Securities as the underwriter. 3. On August 6, Tianhong Technology announced that its equity issuance was priced at $310 per share, totaling 9,677,419 shares, with an expected total fundraising amount of $3 billion. Following this news, the stock price fell 12% in extended trading. The demand in the electronic components industry is strong, with increased investment in AI infrastructure. Aeva Tech rose 35.01%. Based on recent key news: 1. On August 6, Aeva Technologies announced a joint development agreement in the optical connectivity field with a large hyperscale data center company, expecting to start mass production in 2027, significantly boosting the stock price. Source: Reuters 2. On August 6, Aeva's second-quarter financial report showed a net income of -$79.624 million; however, the company enhanced its liquidity through $115 million in follow-on financing, bringing total liquidity to $302.9 million, boosting market confidence. Source: Reuters 3. On August 6, Aeva's management emphasized progress in the automotive and industrial sectors, including the next-generation truck ADAS project in collaboration with Bendix and the manufacturing launch with Jabil, further driving the stock price up. Source: Reuters The optical connectivity market is expanding, and liquidity is improving Flex International rose 1.94%. Based on recent key news: 4. On August 4th, Barclays reported that Flex's implied AI valuation multiple dropped from 36 times to 27 times, reflecting the market's adjustment of its AI business premium. Despite the valuation adjustment, the fundamentals of the AI business remain strong, with cloud revenue growth forecast raised to 65%. 5. On August 3rd, MarketBeat reported that Flex currently has a moderate buy rating, but top analysts believe there are better investment options, which may affect investor confidence. 6. On August 5th, MarketBeat's AI stock screener showed that Flex was not included in the top recommended stocks list, which may lead to some capital outflow. The AI sector's valuation has adjusted, and cloud revenue growth has been raised. **Stocks ranked among the top in industry market capitalization** TE Connectivity fell 0.64%. No significant news recently; trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. no\_news ### Related Stocks - [TTMI.US](https://longbridge.com/en/quote/TTMI.US.md) - [CLS.US](https://longbridge.com/en/quote/CLS.US.md) - [AEVA.US](https://longbridge.com/en/quote/AEVA.US.md) - [FLEX.US](https://longbridge.com/en/quote/FLEX.US.md) - [TEL.US](https://longbridge.com/en/quote/TEL.US.md) ## Related News & Research - [What Could TTM Technologies (TTMI) Gain From Its $1.1 Billion Acquisition?](https://longbridge.com/en/news/296191186.md) - [TTM Technologies (TTMI) Stock Could Be 19% Overvalued Despite Record $1B Revenue](https://longbridge.com/en/news/296393633.md) - [A mysterious free AI model is impressing developers. 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