U.S. Stock Market Midday Update

Dell Technologies-C rose by 10.34%. Based on recent news,

1. On July 21, Super Micro Computer announced preliminary quarterly results, benefiting from new orders exceeding $60 billion, with gross margins significantly better than expected, driving Dell Technologies' stock price up by about 5%.

2. On July 20, SCALE AI signed a memorandum of understanding with Dell Technologies to support Qatar's digital future and artificial intelligence capabilities, further boosting market confidence in Dell Technologies.

3. On July 20, Hon Hai Group secured its first AI server OEM order from SpaceX, breaking the duopoly of Dell and Super Micro in the SpaceX server OEM field, with the market expecting Dell Technologies to face more intense competition. Demand for AI servers is strong, and the industry outlook is optimistic.

Stocks with High Trading Volume in the Industry

SanDisk rose by 1.51%. Based on recent key news:

1. On July 21, Morgan Stanley predicted that storage chip prices would rise by 25%, driving the storage chip sector collectively higher. SanDisk's intraday increase exceeded 5%, with significant capital inflow pushing the stock price up. Source: Zhitong Finance

2. On July 22, Wells Fargo raised SanDisk's target price from $1250 to $1620, reflecting the market's optimistic expectations for its future growth, further stimulating the stock price increase. Source: Golden Finance

3. On July 22, UBS reported that the sell-off of momentum stocks is nearing its end, suggesting a gradual rebuilding of positions in AI and semiconductor stocks, with SanDisk benefiting as one of the momentum stocks, leading to a rise in its stock price. Source: Wall Street Insight. Demand for storage chips is strong, and the industry outlook is optimistic.

Apple fell by 0.97%, with increased trading volume. Based on recent key news:

1. On July 22, Apple plans to launch the Apple Upgrade device leasing program, which is expected to change the sales model. This move may affect consumer purchasing decisions, leading to stock price fluctuations. Source: Bloomberg

2. On July 22, Apple's new generation iPhone 18 series entered the mass production stage, and market expectations for the new products may drive stock price fluctuations. Source: China Securities Journal

3. On July 22, HSBC upgraded Apple's rating to "Buy," with a target price of $366, enhancing market confidence in Apple's hardware products. Source: HSBC Global Research. Competition in the smartphone market is intensifying, and cost pressures are emerging.

Super Micro Computer rose by 25.22%. Based on recent key news:

1. On July 21, Super Micro Computer announced that new order volume exceeded $60 billion, setting a historical record. This news drove the stock price to surge over 20% in after-hours trading. The increase in orders indicates strong market demand for AI infrastructure, further enhancing the visibility of the company's future performance. Source: Viewpoint Network

2. On July 21, Super Micro Computer's preliminary financial report indicated that the gross margin for the fourth quarter is expected to be 15%-17%, far exceeding the previous guidance of 8.2%-8.4%. The significant improvement in gross margin is mainly due to favorable customer and product mix, driving the stock price up in after-hours trading Source: Now News Channel

On July 21, Barclays raised the target price for Advanced Micro Devices from $34 to $38, reflecting the market's optimistic expectations for the company's future performance. Source: Barclays report on the ongoing investment boom in AI infrastructure and strong market demand.

Stocks Ranked Among the Top by Market Capitalization in the Industry

Seagate Technology rose 2.97%. Based on recent news,

1. On July 22, Morgan Stanley released a research report indicating that the supply shortage of AI data center storage chips has intensified, and it is expected that the industry's "super cycle" will continue until 2028, with storage chip prices potentially rising by 25% in the next quarter. This news triggered bullish sentiment in the semiconductor sector, leading to an increase in Seagate Technology's stock price.

2. On July 21, despite Seagate Technology's earnings data exceeding expectations, the stock price experienced volatility due to the market's guidance for future quarters not surpassing expectations. Investor concerns about future earnings led to stock price fluctuations.

3. On July 20, UBS analyst Timothy Arcuri maintained a hold rating on Seagate Technology but raised the target price by 58% to $860, expecting the company to exceed Wall Street's expectations for its fourth quarter. The semiconductor industry is performing strongly overall, with robust demand for storage chips