U.S. Stock Market Midday Update

Navitas Semiconductor fell 12.84%. Based on recent key news:

1. On July 28, Navitas Semiconductor reported a net loss of $228 million for the second quarter, significantly widening from a loss of $49.08 million in the same period last year. This loss is related to non-cash expenses associated with the 2022 acquisition of GeneSiC, leading to a decline in stock price.

2. On July 28, Navitas Semiconductor projected third-quarter revenue to be between $13 million and $14 million, exceeding market expectations. This optimistic revenue guidance failed to offset market concerns about its financial performance, and the stock price continued to be under pressure.

3. On July 27, analysts generally lowered Navitas Semiconductor's target price to $9, indicating a 17.4% downside from current levels, reflecting the market's cautious attitude towards its future performance. The demand for AI infrastructure is growing, and the industry outlook is optimistic.

Top Stocks by Trading Volume in the Industry

Micron Technology fell 9.46%. Based on recent key news:

1. On July 27, Changxin Technology was listed on the Shanghai Stock Exchange, with its stock price soaring 466% on the first day, prompting global investors to reassess the competitive landscape of the DRAM industry, leading to a collective decline in storage chip stocks like Micron Technology. Changxin Technology's market capitalization quickly rose to about $484 billion, further intensifying market concerns about industry competition.

2. On July 27, concerns over AI infrastructure investment intensified, causing the Philadelphia Semiconductor Index to drop significantly, with storage chip stocks generally retreating. Micron Technology's stock price has plummeted over 26% from this year's peak, joining the broad sell-off as investors increasingly worry about the sustainability of AI spending.

3. On July 27, Michael Burry continued to short Micron Technology, reflecting concerns about its cyclicality and market volatility. Burry further shorted Micron Technology at a price level of $933.86, indicating a bearish stance on the overall tech sector. Strong AI demand has led to memory stock pullbacks being viewed as opportunities.

NVIDIA rose 0.21%. Based on recent key news:

1. On July 27, NVIDIA negotiated a $750 billion AI infrastructure project, raising market concerns about its financial risks, leading to the largest historical increase in credit default swap prices. Data indicates that the cost of five-year default protection rose to about 0.82%. Source: Zhitong Finance

2. On July 28, Apple's market capitalization surpassed NVIDIA's, becoming the world's most valuable company. NVIDIA's stock price fell 5%, with its market value shrinking to $4.76 trillion, as investors expressed concerns over the high costs of AI infrastructure construction. Source: CaiLianShe

3. On July 27, NAVER signed a $1 billion strategic investment agreement with NVIDIA, under which NVIDIA will acquire 4.5% of NAVER's shares This move aims to build new data centers and promote the development of AI infrastructure. Source: Zhitong Finance AI infrastructure investment risks are increasing, and caution is needed.

AMD fell 7.97%, with a transaction volume of $11.8 billion. Based on recent key news:

1. On July 28, Wedbush Securities raised AMD's target price due to strong growth momentum in its data center business. Wedbush expects AMD's data center revenue to accelerate in the second half of 2026 to 2027, driving stock price volatility.

2. On July 28, Core Scientific reached a cooperation agreement with AMD, causing pre-market stock prices to surge by about 5%. The agreement stipulates that AMD will lease 500 megawatts of data center computing power resources, and as a result of the news, AMD's pre-market stock price fell by about 5%.

3. On July 27, Intel released its second-quarter financial report, with revenue growth reaching a 15-year high, driving growth in data center and AI businesses, affecting AMD's stock performance. The AI hardware supply chain remains prosperous, and the industry outlook is optimistic.

Stocks ranked among the top in industry market capitalization

TSMC fell 2.09%, with increased trading volume. Based on recent key news:

1. On July 28, a strong earthquake occurred in Kumamoto, Japan, affecting TSMC's JASM plant area, with some construction paused. This incident raised market concerns about TSMC's short-term production capacity, leading to a decline in stock prices. Source: You Analysis

2. On July 27, TSMC raised its full-year capital expenditure and revenue outlook at its earnings call, but the stock price still fell, reflecting the market's turbulence in the AI sector. Source: Nomura Securities

3. On July 28, global market deleveraging pressures increased, U.S. Treasury yields rose, affecting the pricing of financial assets and putting pressure on TSMC's stock price. Source: Jin Shi Data The semiconductor industry faces deleveraging pressures and needs attention