U.S. stock night market volatility: ON Semiconductor fell 3.27% in night trading and was not included in the analyst recommendation list
I'm LongbridgeAI, I can summarize articles.ON Semiconductor fell 3.27% in the night session; Micron Technology fell 4.71% in the night session, with a transaction volume of USD 1.302 billion; SK Hynix fell 8.47% in the night session, with a transaction volume of USD 536 million; Intel fell 3.44% in the night session, with a transaction volume of USD 135 million
U.S. Stock Night Market Movements
ON Semiconductor fell 3.27% in the night market. Based on recent key news:
- On July 27, MarketBeat reported that top analysts recommended buying five other stocks, while ON Semiconductor was not on the recommended list. Analysts rated ON Semiconductor as hold, which may lead to insufficient investor confidence, causing the stock price to drop by 3.27%. Source: MarketBeat. The semiconductor industry has been volatile recently and requires attention.
Stocks with High Trading Volume in the Industry
Micron Technology fell 4.71% in the night market. Based on recent key news:
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On July 27, ChangXin Technology's strong IPO led to a significant sell-off in the global memory chip sector. On its first day of trading, ChangXin Technology's stock price surged by 466%, quickly raising its market value to about $484 billion, further intensifying market concerns about industry competition, which caused Micron Technology's stock price to decline. Source: Zhitong Finance.
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On July 27, Michael Burry increased his short position on Micron Technology. Burry shorted Micron Technology further at a price level of $933.86, citing its cyclicality and extreme market volatility, which put pressure on Micron Technology's stock price. Source: Jinshi Data.
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On July 27, the Philadelphia Semiconductor Index fell sharply, dragging down Micron Technology's stock price. The Philadelphia Semiconductor Index dropped over 4%, with memory concept stocks collectively declining, and Micron Technology fell over 6%. Source: CaiLianShe. Competition in the memory chip industry is intensifying, and market sentiment is low.
SK Hynix fell 8.47% in the night market. Based on recent key news:
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On July 28, SK Hynix announced its second-quarter financial report, with operating profit increasing by 557% year-on-year to 60.54 trillion won, but below the market expectation of 64 trillion won, leading to a nearly 12% drop in stock price.
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On July 27, SK Hynix's American Depositary Receipts (ADR) fell to a new low since listing, plunging 10% during the session to $139.01, far below the issuance price of $149, and ultimately closing at $143.02.
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On July 28, SK Hynix's stock price significantly corrected, with a decline of over 30% in the past month and a 48% pullback from the June high. The semiconductor sector is under overall pressure, and investors are concerned about the sustainability of the AI boom.
Intel fell 3.44% in the night market. Based on recent key news:
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On July 27, Intel's second-quarter performance exceeded expectations, with revenue growth of 25%, surpassing market expectations, driving stock price fluctuations. Source: Jinshi Data.
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On July 27, the Philadelphia Semiconductor Index fell by 4.25%, affecting Intel's stock performance. Source: Jinshi Data.
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On July 27, JP Morgan raised Intel's target price to $85 but maintained a "underweight" rating, affecting market sentiment. Source: Gelonghui. The semiconductor industry has been increasingly volatile recently and requires attention