Top 20 U.S. stocks by trading volume: SK Hynix rose more than 27%, hitting a new high since its listing
[Top 20 U.S. stocks by trading volume: SK Hynix rose more than 27%, setting a new high since its listing] SK Hynix closed up 27.29%, setting a new high since its listing, with a turnover of US$12.5 billion. On the news, SemiAnalysis, a top research institution, released a report stating that SK Hynix’s DRAM profits will remain strong in the second quarter of 2026 and beyond. The bank expects DRAM comprehensive average selling price (ASP) to increase significantly by about 45% month-on-month; DRAM operating profit is expected to reach approximately 55 trillion won (much higher than many market consensus).
On Tuesday, Micron Technology, which ranked No. 1 in U.S. stock market turnover, closed up 4.92%, with a turnover of US$29.7 billion. Wall Street institutions predict that Micron and the entire chip industry will create approximately US$700 billion in profits in 2027. Among them, Micron is the representative of the most astonishing growth. Although its stock price fell by more than 4% last month, its net profit in fiscal year 2025 is only US$9 billion. It is expected to soar to US$83 billion in fiscal year 2026, and further reach US$176 billion in fiscal year 2027. The core driver of the surge in profits is the continued surge in demand for high-end storage chips (such as high-bandwidth memory HBM) from artificial intelligence. This, coupled with the acceleration of computing power such as NVIDIA GPUs, coupled with tight supply and long-term customer orders, directly drives the market to significantly increase its full-cycle profit forecast. However, the impact of the recent decline in stock prices has spread from Micron to peers such as Samsung. The prerequisites for this growth trend include that AI capital expenditures remain high, memory chip prices remain strong, and the release of new production capacity is slow. JPMorgan Chase pointed out that the tight supply situation will continue, and there will be no large-scale new production capacity before the beginning of 2028. Second-place NVIDIA closed up 4.06%, with a transaction volume of US$25.9 billion. According to media reports, Nvidia is considering cooperating with Mitsubishi Heavy Industries in the field of AI data center technology and plans to integrate Mitsubishi Heavy Industries' cooling system and energy management technology into Nvidia's next-generation data center. The report stated that Nvidia is positioning its next-generation AI data centers as "artificial intelligence factories" and plans to build these factories with global partners. At the same time, Mitsubishi Heavy Industries is also designing the next-generation data center "DIAVAULT" specifically for AI, and is actively developing and verifying data center liquid cooling systems. SanDisk, the third place, closed up 5.01%, with a transaction volume of US$16.8 billion. Although SanDisk's stock price has corrected 28.3% since its historical high on June 25, Wall Street analysts are still generally optimistic about its prospects. Goldman Sachs analyst James Schneider raised the target price to $2,200, predicting that large cloud computing orders will drive its 2026 earnings to nearly 30% above expectations. Wedbush Securities analyst Matthew Bryson pointed out that both Micron and SanDisk have benefited from strong demand in the storage industry and limited supply growth. Everco ISI analyst Amit Daryanani is more optimistic and raised the target price significantly to $3,100, believing that the market has underestimated its profitability sustainability. He estimates that the company's business model can guarantee a guaranteed revenue of US$62 billion in the next few years, and financial guarantees of more than US$11 billion have enhanced financial visibility. Of the 29 analysts, 23 are bullish, and the average price target has risen to $2,325.83. The company will announce its fourth quarter financial report for fiscal year 2026 on August 5. No. 4 IBM closed down 25.21%, the largest single-day decline in the company's 115-year history, with a turnover of US$14.7 billion and a market value of US$69 billion evaporated. Prior to this, the company's largest single-day decline in history occurred on "Black Monday" on October 19, 1987, when it closed down 23.7% that day. The company's preliminary second-quarter results before the bell on Tuesday showed revenue and profit below market expectations, with Chief Executive Arvind Krishna acknowledging a failure to adapt in time to sharp changes in customer spending patterns. Krishna admitted that the company failed to adapt quickly to the market, and that many large transactions failed to complete on schedule, which constituted a major part of the performance gap. He said these situations require flawless execution from the team, and there were missteps this quarter. No. 5 SK Hynix closed up 27.29%, setting a new high since its listing, with a transaction volume of US$12.5 billion. On the news, SemiAnalysis, a top research institution, released a report "Be Greedy When Others Are Fearful: SK Hynix's DRAM Pricing and Earnings Remain Strong" stating that SK Hynix's DRAM earnings will remain strong in the second quarter of 2026 and in the future. The bank expects DRAM comprehensive average selling price (ASP) to increase significantly by about 45% month-on-month; DRAM operating profit is expected to reach approximately 55 trillion won (much higher than many market consensus).
No. 10 Intel closed up 4.50%, with a transaction volume of US$9.686 billion. Intel recently announced an investment of 5 billion euros (approximately US$5.7 billion) in Ireland to upgrade its Irish campus and expand its European production capacity. Intel said the expansion will upgrade existing facilities and install state-of-the-art manufacturing equipment, helping to deliver Intel Xeon 6 processors and next-generation Intel Xeon processors, strengthening the European semiconductor supply chain to respond to the growing global demand for artificial intelligence and high-performance computing. Most of this investment will be funded by the end of 2027, accounting for approximately 30% of Intel's $17 billion capital expenditure plan for 2026, and is expected to create hundreds of new jobs. No. 14 Oracle closed down 2.74%, with a transaction volume of US$6.673 billion. Analysts pointed out that investors were concerned about Oracle's high debt levels and execution risks of major projects, including an OpenAI deal worth $300 billion, which led to a downgrade of its credit rating. Market concerns mainly focus on two aspects. First, Oracle is advancing a $300 billion data center construction cooperation with OpenAI. This large-scale investment plan will significantly increase the company's debt burden. Second, investors are skeptical that Oracle can effectively execute such a massive infrastructure expansion. No. 19 JPMorgan Chase closed up 2.50%, with a turnover of US$4.855 billion. JPMorgan Chase's second-quarter profits hit a record high in U.S. banking history. The company's second-quarter financial report showed that the bank's net profit surged 41.2% year-on-year to US$21.16 billion, or US$7.70 per share, far exceeding market analysts' expectations of US$5.59, setting a record for the highest quarterly profit in the history of the US banking industry. The core driving force for the surge in performance comes from the overall explosion of market and investment banking business. Total revenue for the quarter reached US$57.35 billion, far exceeding expectations of US$51.09 billion. Among them, stock market revenue soared 86% year-on-year to US$6 billion, and investment banking revenue increased 45% to US$3.9 billion. Consumer and community banking revenue increased by 7.6%, asset and wealth management revenue increased by 18.9%, and each business segment hit record highs. The company's CEO said that high market activity was the main factor driving the performance, but "years of sustained investment and prudent capital deployment" also laid the foundation for above-expected performance. At the same time, the bank raised its full-year net interest income guidance to $105.5 billion from the previous $103 billion. (
No. 10 Intel closed up 4.50%, with a transaction volume of US$9.686 billion. Intel recently announced an investment of 5 billion euros (approximately US$5.7 billion) in Ireland to upgrade its Irish campus and expand its European production capacity. Intel said the expansion will upgrade existing facilities and install state-of-the-art manufacturing equipment, helping to deliver Intel Xeon 6 processors and next-generation Intel Xeon processors, strengthening the European semiconductor supply chain to respond to the growing global demand for artificial intelligence and high-performance computing. Most of this investment will be funded by the end of 2027, accounting for approximately 30% of Intel's $17 billion capital expenditure plan for 2026, and is expected to create hundreds of new jobs. No. 14 Oracle closed down 2.74%, with a transaction volume of US$6.673 billion. Analysts pointed out that investors were concerned about Oracle's high debt levels and execution risks of major projects, including an OpenAI deal worth $300 billion, which led to a downgrade of its credit rating. Market concerns mainly focus on two aspects. First, Oracle is advancing a $300 billion data center construction cooperation with OpenAI. This large-scale investment plan will significantly increase the company's debt burden. Second, investors are skeptical that Oracle can effectively execute such a massive infrastructure expansion. No. 19 JPMorgan Chase closed up 2.50%, with a turnover of US$4.855 billion. JPMorgan Chase's second-quarter profits hit a record high in U.S. banking history. The company's second-quarter financial report showed that the bank's net profit surged 41.2% year-on-year to US$21.16 billion, or US$7.70 per share, far exceeding market analysts' expectations of US$5.59, setting a record for the highest quarterly profit in the history of the US banking industry. The core driving force for the surge in performance comes from the overall explosion of market and investment banking business. Total revenue for the quarter reached US$57.35 billion, far exceeding expectations of US$51.09 billion. Among them, stock market revenue soared 86% year-on-year to US$6 billion, and investment banking revenue increased 45% to US$3.9 billion. Consumer and community banking revenue increased by 7.6%, asset and wealth management revenue increased by 18.9%, and each business segment hit record highs. The company's CEO said that high market activity was the main factor driving the performance, but "years of sustained investment and prudent capital deployment" also laid the foundation for above-expected performance. At the same time, the bank raised its full-year net interest income guidance to $105.5 billion from the previous $103 billion. (