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As of June 22, SanDisk's stock price rose by 6.2% to $2319.26 per share, setting a new record high, with a trading volume of 8.9 billion yuan, ranking third among all U.S. stocks, only behind Micron Technology and SpaceX. This trading volume even surpassed that of star companies such as NVIDIA, Tesla, Intel, AMD, Google, and Microsoft, reflecting a trend of capital increasingly concentrating in the semiconductor sector. Micron Technology topped the list with a trading volume of 21.386 billion yuan, with its stock price increasing by 4.71% on the same day. SpaceX, although in second place, saw its stock price plummet by 10.65%, with a trading volume of 9.534 billion yuan, indicating a clear market divergence. Currently, the U.S. stock market exhibits characteristics of 'high trading volume and high volatility.' On one hand, the long-term logic of the AI industry remains unchanged; on the other hand, capital is beginning to reassess the profitability of niche sectors. In the near future, the areas of memory chips, advanced manufacturing, and innovative pharmaceuticals are likely to continue being important directions for capital investment.

BlockBeats News, June 22, earlier today, Serenity discussed the semiconductor equipment and advanced packaging industry chain, stating that the long-term valuation range for LPKF Laser & Electronics is likely to be between $3 billion and $5 billion. Serenity believes that LPKF is currently at a key stage before potential mass production. Serenity noted that LPKF has a high customer penetration rate in the glass substrate-related process equipment field and holds about 70% of the target market share in specific technological routes, such as glass core substrate and advanced packaging processes, making it one of the key equipment suppliers in the industry chain. When comparing the industry structure, the analysis likened LPKF to equipment manufacturers such as Aehr Test Systems and AIXTRON SE, suggesting that such "small-scale equipment positioning companies" are usually constrained by the Total Addressable Market (TAM) size. Their market capitalization is unlikely to expand to over $20 billion in the long term unless they have a multi-point technological advantage similar to ASML. The commentary also pointed out that in the semiconductor advanced packaging and Chip Packaging Optoelectronics (CPO) directions, the equipment supply chain is currently in a transition period from the validation stage to the volume production stage. However, there is still a strong difference of opinion in the market regarding such assets, and the valuation path highly depends on future capacity ramp-up and customer volume pace.

On June 22, U.S. stock market performance was mixed, with the Dow Jones Industrial Average rising by 0.25%, the S&P 500 Index falling by 0.31%, and the Nasdaq Composite Index declining by 1%. Among popular companies, Nvidia's stock price decreased by 0.6%, Apple's stock price increased by 0.61%, Alphabet Inc. (Class A) saw a drop of 5.62%, Amazon's stock price fell by 3.89%, TSMC's stock rose by 1.61%, SpaceX's stock dropped by 10.51%, Broadcom's stock fell by 3.83%, Tesla's stock increased by 1.19%, Meta's stock price decreased by 2%, Micron Technology's stock rose by 4.57%, Advanced Micro Devices' stock increased by 1.12%, ASML's stock fell by 0.8%, Intel's stock price rose by 2.97%, ARM's stock decreased by 4.94%, SanDisk's stock increased by 5.82%, and Texas Instruments' stock rose by 2.16%.