U.S. stock market update: Microchip Tech rises 7.33%

U.S. Stock Market Midday Update

Microchip Technology rose 7.33%, with increased trading volume. Based on recent important news:

1. On August 11, TD Cowen lowered the target price for Microchip Technology from $75 to $60, maintaining a "Hold" rating, which intensified market concerns about the company's prospects and pressured the stock price.

2. On August 12, Microchip Technology announced it would speak at the Mizuho 2025 Technology Conference, boosting market confidence in the company's technological prospects, leading to a rise in stock price.

3. On August 12, market rumors suggested that Microchip Technology was not included in the top analysts' recommended list of five stocks, prompting investors to reassess its investment value.

Stocks with High Trading Volume in the Industry

NVIDIA rose 0.07%, with increased trading volume. Based on recent important news:

1. On August 11, Wells Fargo raised the target price for NVIDIA to $220 due to strong demand and positive reports on the recovery of sales of H20 chips to China, driving the stock price up.

2. On August 12, Trump confirmed that NVIDIA must pay 15% of its AI chip sales revenue to the U.S. government, which was positively received by the market.

3. On August 12, Bernstein analysts believed that NVIDIA's agreement with AMD set a bad precedent but acknowledged that retaining 85% of revenue was still a positive.

AMD rose 0.80%, with increased trading volume. Based on recent important news:

1. On August 12, AMD reached an agreement with the U.S. to pay 15% of its AI chip sales revenue to the U.S. in exchange for export licenses, driving the stock price up by 0.80%.

2. On August 12, analysts maintained a Buy rating on AMD, believing its strategy in the Chinese market would lead to growth.

3. On August 10, the price of AMD's MI350 series graphics cards increased by 70%, but they still offer a cost-performance advantage, attracting clients such as Oracle and IBM.

Micron Technology rose 2.85%, with increased trading volume. Based on recent important news:

1. On August 11, Micron Technology raised its fourth-quarter financial forecast due to strong demand for AI infrastructure, leading to a 5% pre-market increase in stock price.

2. On August 11, JP Morgan raised Micron's target price from $165 to $185.

3. On August 11, improvements in DRAM pricing drove growth in Micron's performance.

Stocks with High Market Capitalization in the Industry

Broadcom rose 1.78%, with a market capitalization of $1.46 trillion. Based on recent important news:

1. On August 12, ZHONGDA-KY received a large order for laser optical packaging of Broadcom's data center switch chips, driving up the stock price of silicon photonics concept stocks, benefiting Broadcom's stock price with a 1.78% increase.

2. On August 11, analysts noted that while Broadcom had a Buy rating, it was not included in the top recommendations, limiting its impact On August 12th, the market held an optimistic view on the long-term prospects of Broadcom's collaboration with silicon photonics, driving the stock price up