U.S. Stock Night Market Movements

Dell Technologies-C fell 4.28% in the night market. Based on recent key news:

1. On July 28, Dell's stock price plummeted 13.5%, marking the largest single-day drop since April 2025. This decline was primarily due to market concerns about its future profitability, leading to a downturn in investor sentiment.

2. On July 27, Dell Technologies joined the Open Security AI Alliance as one of its founding members. This move demonstrates its strategic expansion in the AI field, but failed to immediately boost its stock price.

3. On July 27, Citigroup raised Dell Technologies' target price to $515, maintaining a "Buy" rating. However, the market remains highly sensitive to its earnings expectations, resulting in stock price volatility. Increased competition in the AI industry and rising costs have significant impacts.

Stocks with High Trading Volume in the Industry

SanDisk fell 7.92% in the night market. Based on recent key news:

1. On July 28, Yangtze Memory Technologies Co., Ltd. (YMTC) surged after its A-share listing, prompting a revaluation of the global storage chip sector, which led to a significant drop in SanDisk's stock price. The market is concerned that YMTC's expansion will intensify competition and weaken price increase expectations.

2. On July 28, SK Hynix's earnings report fell short of expectations, causing a general decline in the storage sector. SK Hynix's performance was below market expectations, exacerbating concerns about the sustainability of AI capital expenditures, putting pressure on SanDisk's stock price.

3. On July 28, ongoing concerns about the sustainability of AI capital expenditures continued to escalate, with the Philadelphia Semiconductor Index opening down 3.5%, affecting the performance of storage chip stocks like SanDisk. Competition in the storage chip industry has intensified, leading to noticeable market volatility.

Apple rose 1.20% in the night market. Based on recent key news:

1. On July 28, Apple's market capitalization surpassed $5 trillion for the first time, making it one of the highest-valued companies globally. The stock price briefly reached $342.89 before retreating below $340. This event reflects increased market confidence in Apple, driving the stock price up. Source: Jin10 Data

2. On July 28, Apple announced a device leasing program supported by Klarna, applicable to iPhone, Apple Watch, Mac, and iPad. This move may attract more consumers and increase company revenue. Source: Jin10 Data

3. On July 27, Apple surpassed NVIDIA to reclaim its position as the world's most valuable company. NVIDIA's stock price fell nearly 5%, while Apple's stock price rose 1%, with a market capitalization reaching $4.95 trillion. This event reflects increased market confidence in Apple. Source: Jin10 Data Apple's market capitalization surpasses $5 trillion, enhancing market confidence.

Seagate Technology rose 1.11% in the night market. Based on recent key news:

1. On July 28, Seagate Technology announced its earnings report, with revenue of $3.63 billion, a year-on-year increase of 48.5%, exceeding market expectations. The earnings report showed a net profit of $1.29 billion and earnings per share of $5.58, driving the stock price up 6.25% in after-hours trading Source: Seagate

On July 28, Seagate Technology projected that revenue for the first quarter of fiscal year 2027 could reach $4.1 billion, exceeding analysts' expectations of $3.75 billion, with adjusted earnings per share expected to be $7.30, far surpassing market expectations and boosting market confidence. Source: CaiLianShe

On July 28, analysts generally raised their target prices for Seagate, with Wedbush increasing its target price to $1000 and maintaining an "Outperform" rating, believing that HAMR hard drive technology will drive long-term growth. Source: ZhiTong Finance The storage industry is optimistic about its prospects driven by AI demand