U.S. stock market midday update: Jefferies' "preferred stock" list fails to boost confidence, Credo Tech's stock price plummets 11.52%

U.S. Stock Market Midday Update Credo Tech fell 11.52%. Based on recent key news: On May 18, Jefferies included Credo Technology in its "preferred stocks" list. Despite being added to the list, the market remains cautious about its future performance, leading to a 11.52% drop in stock price. Source: Jefferies Research Report. Technology stocks have seen increased volatility recently, and risks need to be monitored. Stocks with High Trading Volume in the Industry Micron Technology fell 6.95%. Based on recent news: On May 15, Nvidia's H200 chip sales failed to materialize, causing Micron's stock price to drop. This event occurred after the summit between Trump and Xi Jinping, raising concerns about Micron's long-term demand, resulting in a 6.62% decline in stock price. Source: NS3.AI On May 17, The Wall Street Journal pointed out a surge in demand for AI-driven memory chips, but potential risks remain. Micron's low price-to-earnings ratio reflects market skepticism about the future; if AI models become more memory-efficient, demand will decline. Source: The Wall Street Journal On May 18, Micron insiders sold shares as the stock price approached a 52-week high, reflecting concerns about overvaluation. The company reported second-quarter revenue of $23.86 billion, with third-quarter revenue expected to be $33.5 billion. Source: NS3.AI. The semiconductor industry shows strong demand, but risks need to be monitored. Nvidia fell 2.04%, with increased trading volume. Based on recent key news: On May 18, Morgan Stanley predicted Nvidia would experience an unexpectedly strong quarter, with revenue exceeding expectations by about $3 billion, and performance guidance raised by $4 billion, driving stock price fluctuations. Source: Morgan Stanley On May 18, Nvidia CEO Jensen Huang stated that memory demand would exceed capacity, and the market is optimistic about AI demand, affecting stock prices. Source: Bloomberg Television On May 16, Soros Fund increased its holdings in Nvidia, reflecting market confidence in AI chip demand, impacting stock prices. Source: SEC filings. Strong AI demand has led to heightened market optimism. Intel fell 1.39%. Based on recent key news: On May 18, U.S. President Trump stated in an interview with Fortune magazine that the stock price of Intel soared 300% after the government acquired shares. This statement drew market attention, driving stock price fluctuations. Source: Zhitong Finance On May 18, Benchmark and Citigroup raised Intel's target price to $140 and $130, respectively, reflecting market confidence in its future growth. Source: Jinshi Data On May 16, Tesla plans to use Intel chips in its Gigafactory project, further enhancing investor confidence in Intel's manufacturing capabilities. Source: Wall Street Insight. AI demand drives semiconductor growth Stocks Ranked Among the Top by Market Capitalization in the Industry TSMC fell by 2.67%. Based on recent news, On May 18, TSMC announced the sale of approximately 8.1% of its stake in World Advanced, leading to a trading halt in World Advanced's stock price, which also affected TSMC's stock price. After the sale, TSMC still holds about 19% of World Advanced's shares, with a total transaction amount of NT$24.411 billion. Source: Zhitong Finance On May 17, Trump stated in an interview with Fox News that he hopes Taiwanese chip manufacturers will move to the United States and emphasized that he does not support Taiwan independence, raising market concerns about TSMC's future development. Source: Wall Street Insight On May 16, foreign capital continuously sold TSMC shares, totaling NT$45.241 billion, indicating a shift in market sentiment towards conservatism, with funds flowing into bond ETFs. Source: Caixin Technology stocks remain strong, but attention should be paid to foreign capital trends