--- title: "U.S. stock market midday update: TROOPS down 11.41%: Management's denial fails to resolve financial concerns" type: "News" locale: "en" url: "https://longbridge.com/en/news/296522408.md" description: "Troops fell 11.41%; Fabrinet fell 2.47%, with a transaction volume of USD 275 million; Tianhong Technology fell 1.25%, with a transaction volume of USD 256 million; Keysight Technologies fell 1.68%, with a transaction volume of USD 156 million; TE Connectivity fell 0.89%, with a market value of USD 59.2 billion" datetime: "2026-08-20T17:22:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296522408.md) - [en](https://longbridge.com/en/news/296522408.md) - [zh-HK](https://longbridge.com/zh-HK/news/296522408.md) generator: "portal-rs" --- # U.S. stock market midday update: TROOPS down 11.41%: Management's denial fails to resolve financial concerns **U.S. Stock Market Midday Update** Troops fell 11.41%, with increased trading volume. Based on recent key news: 1. On August 20, the management of Troops rebutted the short-selling report, stating that the company is still operating normally. The short-selling report predicted adverse outcomes for the company, but management indicated that the company remains a going concern and continues to operate its business. This statement failed to alleviate market concerns, leading to a decline in stock price. 2. On August 20, Troops faced a ruling from the Hong Kong High Court involving joint liability of HKD 163.4 million and HKD 241.4 million. Although enforcement is temporarily suspended, this news heightened market concerns about the company's financial condition, further depressing the stock price. 3. On August 18, market attention on Troops was low, with no major strategic updates or market catalysts. This lack of positive news also negatively impacted the stock price. Concerns about the company's financial condition intensified, leading to active trading. **Stocks with High Trading Volume in the Industry** Fabrinet fell 2.47%, with increased trading volume. Based on recent key news: 1. On August 18, Fabrinet announced strong earnings, but due to weak performance in the data communications business and pressure on AI infrastructure stocks, the stock price briefly fell over 11% in pre-market trading. The company's adjusted earnings per share for the fourth fiscal quarter were USD 4.10, exceeding market expectations of USD 3.81, with a year-over-year revenue growth rate of 45% to USD 1.32 billion. Source: BlockBeats 2. On August 18, analysts lowered the target price for Fabrinet, with B. Riley reducing the target price from USD 635 to USD 598, maintaining a "neutral" rating. Although Barclays and JP Morgan raised their target prices, they pointed out concerns regarding the data communications and high-performance computing businesses. Source: BlockBeats 3. On August 18, Fabrinet's stock price declined, despite the company's increased customer and project participation in the data center and communication infrastructure sectors, with management optimistic about future demand. However, investors expressed concerns about valuation and customer concentration risks. Source: Viewpoint Network The overall industry is under pressure, with high valuations raising concerns. Tianhong Technology fell 1.25%, with a trading volume of USD 256 million, and increased trading volume, with no significant news recently. Trading is active, with clear capital flows. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. Keysight Technologies fell 1.68%. Based on recent key news: 1. On August 19, Keysight Technologies announced its fiscal year 2026 third-quarter results, with revenue of USD 1.85 billion, a year-over-year increase of 36.5%, exceeding market expectations. The surge in demand for AI data centers led to a 56% year-over-year increase in orders, pushing the stock price up about 5% in after-hours trading. Source: Viewpoint Network 2. On August 19, Morgan Stanley raised the target price for Teradyne to $425, maintaining an "Overweight" rating. The AI-driven growth momentum continues, with order backlogs supporting growth for the fiscal year 2027. Source: Viewpoint Network 3. On August 19, Barclays analysts maintained a "Buy" rating for Teradyne and raised the target price to $429. The company's performance reflects the capital expenditure intensity in cutting-edge technology fields such as AI. Source: Viewpoint Network AI data center demand is strong, driving industry growth. **Stocks Ranked Among the Top by Market Capitalization in the Industry** TE Connectivity fell 0.89%. Based on recent news, 1. On August 18, Synopsys formed a high-profile alliance with AMD and Microsoft to promote AI chip design workflows. This collaboration lays an important foundation for next-generation semiconductors, and although it does not directly involve TE Connectivity, it has a positive impact on the entire technology ecosystem. 2. In August, MongoDB actively expanded its AI development toolkit, launching new managed MCP servers and automated vector integration. This move demonstrates the strong growth potential in the AI field, indirectly affecting the market performance of related technology companies. 3. In August, FICO showcased strong pricing power, reporting a 27% revenue increase and investing $1.5 billion to accelerate its stock repurchase program. This further boosted the prosperity of the technology industry, and although it did not directly impact TE Connectivity, it had a positive effect on market sentiment. The technology industry performed strongly overall, with significant growth in the AI sector ### Related Stocks - [TROO.US](https://longbridge.com/en/quote/TROO.US.md) - [FN.US](https://longbridge.com/en/quote/FN.US.md) - [CLS.US](https://longbridge.com/en/quote/CLS.US.md) - [KEYS.US](https://longbridge.com/en/quote/KEYS.US.md) - [TEL.US](https://longbridge.com/en/quote/TEL.US.md) ## Related News & Research - [A mysterious free AI model is impressing developers. 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