U.S. Stock Night Market Movements

ASML rose 3.00% in the night market. Based on recent key news:

1. On July 28, ASML announced plans to increase DUV equipment capacity by 30% by 2027 and further increase it by 30% in 2028. This news boosted market confidence in its future growth, driving the stock price up. Source: Zhitong Finance

2. On July 28, Morgan Stanley analysts pointed out that ASML's long-term competitive pressure may increase, but mid-term earnings performance is expected to remain unaffected. This analysis alleviated market concerns about its short-term performance, resulting in a stock price increase. Source: Wall Street Insight

3. On July 28, ASML's DUV equipment sales proportion fell to 29%, with sales to China dropping to 14%. This news indicates that the company is reducing its reliance on a single market, enhancing investor confidence and driving the stock price up. Source: Jinshi Data Technology sector remains a key factor in Q3 market performance.

Stocks with High Trading Volume in the Industry

Applied Materials rose 4.43% in the night market. Based on recent key news:

1. On July 30, U.S. congressmen disclosed purchases of Applied Materials stock, and analysts raised target prices while maintaining positive ratings, driving the stock price up. Source: Barclays, HC Wainwright, Deutsche Bank, Needham, Wells Fargo

2. On July 28, market concerns about the progress of semiconductor equipment localization in China potentially affecting Applied Materials' growth prospects in the Chinese market led to stock price fluctuations. Source: Bloomberg

3. On July 28, Michael Burry shorted Applied Materials due to its high valuation and risks in the Chinese market, increasing market uncertainty. Source: 24/7 Wall St. AI demand drives semiconductor market growth, but risks remain.

AXT Company rose 28.27% in the night market. Based on recent key news:

1. On July 30, AXT announced its second-quarter financial report, with revenue increasing by 165% year-on-year to $47.589 million, and non-GAAP earnings per share of $0.19, far exceeding analyst expectations. This news significantly boosted the stock price.

2. On July 30, AXT signed a long-term supply agreement with Lumentum to ensure the supply of indium phosphide wafer substrates until 2031. Lumentum will pay a total of $87 million in advance, further enhancing market confidence.

3. On July 30, AXT announced a cooperation agreement with Lumentum, with Lumentum making an initial advance payment of $43.5 million to ensure supply capacity for the next six years. This move is seen by the market as an important measure to reduce future supply and demand risks. Strong demand for indium phosphide, driven by AI data center expansions, is boosting market growth Lam Research's after-hours stock price rose 4.28%. Based on recent key news:

4. On July 30, Lam Research announced better-than-expected fourth-quarter results and first-quarter guidance, driving the stock price up. The earnings report showed that fourth-quarter revenue increased by 30% year-on-year to $6.72 billion, with adjusted earnings per share of $1.82, both exceeding analyst expectations. Looking ahead, Lam Research expects first-quarter revenue to reach $8.1 billion, significantly higher than the average analyst expectation of $7.17 billion. Source: Zhitong Finance

5. On July 31, market participants pointed out that the semiconductor rebound encompasses the entire AI supply chain, indicating that funds are repositioning in the AI hardware industry. Citigroup's latest research noted that the AI competition is shifting from model capability to computing efficiency, and the investment cycle for AI infrastructure is expected to continue for many years. Source: Zhitong Finance

6. On July 31, Wells Fargo lowered Lam Research's target price from $450 to $350 while maintaining an "Overweight" rating. Source: Gelonghui AI hardware industry sees significant capital inflow, optimistic industry outlook