U.S. Stock Night Market Movements

Advanced Semiconductor Engineering fell 7.31% in the night market. Based on recent news,

1. On July 26, Rystad Energy released a report indicating that Advanced Semiconductor Engineering made significant purchases of industrial real estate in the first half of the year, with a transaction amount reaching 42.5 billion yuan, showing strong self-use demand. However, global geopolitical fluctuations have raised inflation concerns, which may affect market sentiment.

2. On July 27, after Intel announced its earnings report, Bank of America and UBS released reports stating that AI is driving strong demand for server CPUs, benefiting the semiconductor supply chain. However, the ongoing pressure on personal computer demand is affecting the stock performance of Advanced Semiconductor Engineering.

3. On July 26, Nomura Securities released a report on the AI semiconductor industry, indicating that component shortages, price hikes, and profit upgrades will become the next catalysts. However, there are risks in the capital expenditure outlook for cloud operators, leading to fluctuations in the stock price of Advanced Semiconductor Engineering. The semiconductor industry is driven by AI demand, showing strong overall performance.

Stocks with High Trading Volume in the Industry

Micron Technology fell 2.73% in the night market. Based on recent key news:

1. On July 29, breakthroughs in Chinese chip technology triggered selling pressure, causing Micron Technology to drop 30% for the month, nearing its largest single-month decline in 11 years. This news led to panic selling among investors, further lowering the stock price.

2. On July 28, Changxin Storage's parent company, Changxin Technology, had a strong market debut, leading to significant selling in the global memory chip sector. Micron Technology's stock price fell in tandem, with market concerns about intensified industry competition exacerbating the selling pressure.

3. On July 28, Wall Street analysts remained optimistic about Micron Technology, with a target price 37% higher than the current level. Nevertheless, market sentiment remains cautious, leading to stock price fluctuations. The memory chip industry is facing intensified competition, and market sentiment is cautious.

SK Hynix fell 5.01% in the night market. Based on recent news,

1. On July 27, SK Hynix's American Depositary Receipts (ADR) fell to a new low since its listing. The stock had previously entered the U.S. market with a fundraising scale of $26.5 billion at the beginning of this month, but as investors continued to withdraw from the overvalued semiconductor sector, its stock price significantly retreated, at one point plunging 10% to $139.01, ultimately closing at $143.02, far below the issuance price of $149. The semiconductor sector is under overall pressure, and the closely watched semiconductor index continued its recent decline, closing at its lowest level since May 19. Source: Jinshi Data

2. On July 28, SK Hynix reported record quarterly earnings, surging over 5.5 times year-on-year, but falling short of analyst expectations. The operating profit for the second quarter was 60.54 trillion won, below the market estimate of 64.22 trillion won, representing a year-on-year increase of 557% and a quarter-on-quarter rise of 61%. The sharp profit increase was mainly due to strong ongoing demand for high-bandwidth memory chips. Source: Hong Kong Economic Journal

3. On July 29, SK Hynix announced a second-quarter operating profit of 60.54 trillion won, with expectations of 64.22 trillion won; second-quarter revenue was 79 trillion won, with expectations of 84 trillion won After the news came out, SK Hynix quickly plummeted in after-hours trading on the US stock market, dropping from a 7% increase to a 6% decline, with a direct drop of over 13%. Source: Jin10 Data. The semiconductor sector is under overall pressure, and investor sentiment is low.

Intel fell 0.86% in night trading. Based on recent key news:

1. On July 27, Intel signed a memorandum of cooperation with Lens Technology, focusing on TGV advanced packaging technology. This memorandum may promote Intel's technological advancement in the advanced packaging field and enhance market competitiveness, but it has not significantly boosted the stock price in the short term.

2. On July 27, Intel released its second-quarter financial report, with revenue increasing by 25% year-on-year to $16.1 billion, exceeding market expectations. Despite strong performance, the market remains skeptical about the sustainability of future profitability, leading to stock price fluctuations.

3. On July 27, JP Morgan raised Intel's target price from $45 to $85 but maintained a "underweight" rating. Analysts' cautious attitude towards Intel's future profitability may affect investor confidence, leading to a decline in stock price. The semiconductor industry is overall performing weakly, and market volatility has intensified