U.S. Stock Market Night Trading Movements

Sandisk rose 9.68% in night trading. Based on recent key news:

1. On July 28, Changxin Technology was listed on the STAR Market, with its stock price soaring 465.82% on the first day, leading to a revaluation of the global storage chip sector and causing Sandisk's stock price to plummet.

2. On July 29, SK Hynix's earnings report fell short of expectations, leading to a significant drop in its stock price, which dragged down Sandisk and other storage chip stocks.

3. On July 30, the hedge fund Situational Awareness completed its liquidation, alleviating selling pressure, and Sandisk's stock price rebounded. The competition in the storage chip industry has intensified, with high volatility risks.

Stocks with High Trading Volume in the Industry

Apple fell 6.28% in night trading. Based on recent key news:

1. On July 31, Apple announced its third-quarter results. Although revenue and profit exceeded expectations, revenue from Greater China fell short, causing the stock price to drop over 6% in after-hours trading. Data source: Now News Channel

2. On July 29, Apple's market value briefly surpassed $5 trillion, making it the second company in the world to reach this milestone, but the stock price subsequently retreated. Data source: Investing.com

3. On July 28, the market had high expectations for Apple's upcoming results, with active options trading as investors bet on a new high in stock prices. Data source: Zhitong Finance Technology stocks performed weakly overall, with increased market volatility.

Western Digital rose 6.04% in night trading. Based on recent key news:

1. On July 28, Seagate Technology released a strong earnings report, showing a surge in AI-related demand, driving a collective rise in storage chip stocks. Seagate's revenue increased by 49% year-on-year, and adjusted earnings per share rose by 120%, with after-hours stock price increasing by over 10%, leading to a more than 6% rise in Western Digital's after-hours trading. Source: Zhitong Finance

2. On July 29, Western Digital director Martin I. Cole sold shares, which may affect market sentiment. Cole sold 3,808 shares at a price range of $424.05 to $461.23. Source: EDGAR

3. On July 29, analysts maintained a moderate buy rating on Western Digital but believed that five other stocks had more investment value. Source: MarketBeat Demand in the storage industry is recovering, driven by AI growth.

Seagate Technology rose 3.54% in night trading. Based on recent key news:

1. On July 29, Seagate Technology released its fourth-quarter earnings report, with revenue of $3.65 billion, a year-on-year increase of 48%, exceeding analysts' expectations of $3.49 billion. Adjusted earnings per share were $5.71, higher than the expected $5.08. After the earnings report was released, the stock price rose over 9% in after-hours trading, then narrowed to 4.45%. Source: Viewpoint Network

2. On July 28, Seagate Technology benefited from the development of generative AI, boosting demand for cloud storage, with the earnings report showing revenue and profit both exceeding expectations, leading to a strong rise of over 6% in after-hours stock price. Source: MoneyDJ On July 29th, Morgan Stanley raised the target price for Seagate Technology from $1,095 to $1,240, maintaining an "Overweight" rating. Source: Gelonghui AI drives storage demand, industry outlook is optimistic