U.S. stock night market volatility: Monolithic Power rose 9.78% in night trading, with performance exceeding expectations + buyback boosting confidence
I'm LongbridgeAI, I can summarize articles.Monolithic Power rose 9.78% in the night session; Micron Technology rose 4.95% in the night session, with a transaction volume of USD 170 million; SK Hynix rose 7.72% in the night session, with a transaction volume of USD 780.6 million; Intel rose 5.98% in the night session, with a transaction volume of USD 175.8 million
U.S. Stock Night Market Movements
Monolithic Power rose 9.78% in the night market. Based on recent key news:
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On July 31, Monolithic Power announced second-quarter results that exceeded expectations, leading to a rise in stock price. The adjusted earnings per share were $6.50, higher than the analyst expectation of $5.87, with revenue increasing 48% year-over-year to $980.6 million, driving the stock price up by 10%. Source: GlobeNewswire
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On July 31, the company announced an additional $500 million stock repurchase plan to enhance market confidence. Source: GlobeNewswire
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On July 31, corporate data and communication growth drove record second-quarter revenue, supporting a positive outlook. Source: GlobeNewswire The semiconductor industry is optimistic due to AI demand.
Stocks with High Trading Volume in the Industry
Micron Technology rose 4.95% in the night market. Based on recent key news:
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On July 28, Changxin Technology went public on the Shanghai Stock Exchange, raising concerns about intensified competition in the DRAM industry, leading to a decline in Micron's stock price. Changxin Technology's stock surged 466% on its first day, quickly reaching a market value of approximately $484 billion.
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On July 30, analysts pointed out that Micron Technology benefits from increased demand for high-speed memory from AI data centers. Despite recent stock price adjustments, the long-term fundamentals remain strong. Analysts expect Micron's earnings per share to grow about ninefold in fiscal year 2026.
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On July 31, Microsoft released its financial report showing that AI investments are translating into profits, driving a rebound in U.S. stocks, with Micron's stock price surging 18.4%, recovering some of its losses. AI demand is driving an increase in memory chip demand, and market sentiment is optimistic.
SK Hynix rose 7.72% in the night market. Based on recent news:
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On July 29, SK Hynix announced its second-quarter financial report, showing a year-over-year increase in operating profit of 557%, but below market expectations. The report indicated that its second-quarter revenue was 79 trillion won, while the market expectation was 84 trillion won, leading to significant stock price fluctuations.
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On July 29, Kis raised SK Hynix's price target by 24% to 4.7 million won. This move reflects market confidence in the company's future performance, driving the stock price up.
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On July 30, SK Group Chairman Choi Tae-won purchased 3,600 shares of SK Hynix, valued at approximately $3.31 million. This move demonstrates the confidence of the company's executives in future development, further boosting the stock price. The semiconductor industry demand remains strong, with continued growth in AI investments.
Intel rose 5.98% in the night market. Based on recent news:
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On July 28, Changxin Technology's market value surpassed 3 trillion yuan, exceeding Intel, showcasing the strong capabilities of China's hard technology, which may pose pressure on Intel's market position.
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On July 28, Intel announced a partnership with Cadence, with Cadence's AI-driven toolchain certified through Intel's 18A-P and 14A processes, further solidifying Intel's position in the advanced process ecosystem On July 29, Intel completed the U.S. Department of Defense RAMP-C program, helping commercial and defense customers leverage Intel's 18A process to build chip design environments, enhancing market confidence in its technological strength. The demand for AI hardware is strong, with significant capital inflows, and the industry outlook is optimistic
