On Wednesday, the stock with the highest trading volume was Micron Technology (MU), which closed down 1.17% with a turnover of $28.858 billion. Bank of America stated that the HBM market size is projected to reach $246 billion by 2030, a sevenfold increase, which will drive upgrades in the semiconductor industry. The bank raised its price target for Micron to $155.
On July 22, Bank of America released a forecast predicting that the High Bandwidth Memory (HBM) market size will expand from the current approximately $35 billion to $246 billion by 2030, representing an overall sevenfold growth.
The second-highest volume stock was NVIDIA (NVDA), which closed up 2.29% with a turnover of $28.611 billion. NVIDIA announced the open-sourcing of its first GPU-accelerated medical physics simulation framework on Wednesday.
The third-highest volume stock was Syndax Pharmaceuticals (SNDX), which closed up 0.62% with a turnover of $15.791 billion. Wells Fargo raised its price target for Syndax from $43 to $44 on Wednesday.
The fourth-highest volume stock was Advanced Micro Devices (AMD), which closed up 1.45% with a turnover of $13.467 billion. AMD announced a strategic collaboration with AI company Anthropic on Wednesday, planning to invest up to $5 billion in the company in the future. As part of the deal, Anthropic will deploy 2 gigawatts of AMD Instinct MI450 series GPUs within its AMD Helios rack-scale solution, with the first gigawatt expected to go online in the first half of next year. This move further expands AMD's presence in the AI computing market, following similar agreements with companies like OpenAI. To cope with infrastructure pressure from surging business, Anthropic has secured multiple computing power deals this year with companies including SpaceX, Amazon, Google, and Broadcom. The company's performance has surged due to the success of its AI coding assistant, Claude Code, with annualized revenue exceeding $47 billion and a valuation of $965 billion. It has confidentially filed for an IPO and could go public as early as this year.
The eighth-highest volume stock was SPX Technologies (SPXC), which closed down 6.70% with a turnover of $10.783 billion. SPX Technologies announced it will release its Q2 2026 financial results after the US market closes on Tuesday, August 4, 2026.
This Q2 report will not only be the market's first official window to fully glimpse the company's true financial fundamentals since its Nasdaq listing, but its release will also trigger the unlocking of a historically large batch of restricted shares.
According to SPX Technologies' phased lock-up agreement, 20% of the shares held by eligible insiders and all employees, totaling a maximum of 911.5 million shares, will be released from restrictions on the second trading day following the Q2 earnings release.
The eleventh-highest volume stock was Intel (INTC), which closed down 2.68% with a turnover of $8.026 billion. On Monday local time, Intel provided a written statement revealing it had notified employees in its Data Center and AI Group of a new round of layoffs.
Intel stated this restructuring will simplify operational processes and improve decision-making and execution efficiency, and that the adjustment will not change product delivery commitments or the technology roadmap. The company wrote: "We will treat all affected employees with respect and provide supporting resources to assist them in smoothly transitioning in their careers." The specific number of positions eliminated has not been disclosed.
This adjustment is part of Intel's ongoing organizational streamlining efforts in recent years. Over the past four years, Intel's global workforce has been reduced by nearly 40%, with tens of thousands of employees laid off as the company cuts expenses to return to profitability.
In 2022, Intel had nearly 132,000 employees. As of March 28 this year, the company's total employee count was approximately 83,200, a significant reduction from 2022.
The thirteenth-highest volume stock was Meta Platforms, Inc. (META), which closed down 2.58% with a turnover of $6.645 billion. An internal incubator for AI products and tools at Meta is developing a dispatch service similar to OpenRouter. This service could distribute some AI tasks to run on lower-cost models, thereby reducing overall computing power expenses.
This incubator, named AAI Labs, is part of Meta's Applied AI engineering team. Meta formally established this unit in March of this year, allowing employees to propose self-developed AI product and tool solutions for internal use first, with the potential for later public release. According to internal documents reviewed, once a project proposal is approved, the company forms a small dedicated team to complete development and, depending on circumstances, launches it to the market.
An internal memo from July shows that AAI Labs currently has about 200 approved projects, spanning three main areas: consumer applications, developer tools, and internal enterprise infrastructure.
The fifteenth-highest volume stock was SUPER MICRO COMPUTER INC (SMCI), which closed up 19.84% with a turnover of $4.994 billion. Super Micro Computer released preliminary results for its fiscal fourth quarter ended June 30. The company expects both GAAP and non-GAAP gross margins to be between 15% and 17%, nearly double the previously guided range of 8.2% to 8.4%. Management attributed this better-than-expected performance to a favorable customer structure and product mix. Additionally, the company's total new orders for the quarter exceeded $60 billion, reaching a record high.
The seventeenth-highest volume stock was Palantir Technologies Inc. (PLTR), which closed down 6.10% with a turnover of $4.764 billion.
Comments