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📣 "Investors are not walking away from the AI story, but they are asking whether a sector priced for perfection can keep delivering perfection into earnings season." —Tickmill Group analyst Patrick Munnelly, on a global chip-stock slide triggered by a robust earnings update from Samsung Electronics.
Micron Technology was falling early Tuesday after stock moves in South Korea spooked investors in the memory-chip sector. Micron shares were down 6.0% at $925.61 in premarket trading. Fellow memory-chip company SK Hynix fell 6.1%, as it prepares to list American depositary receipts on the Nasdaq on Friday, raising $28 billion.
MARKETS AM NEWSLETTER Blowout results from Korean chip maker Samsung fell flat as investors got cold feet about sky-high prices for memory stocks. Tech stocks look set to open lower on the very day that SpaceX will appear in the most popular vehicle U.
Samsung results spark declines across semiconductor sectorMicron Technology (NASDAQ:MU) shares fell 4. 9% in premarket trading on Tuesday, extending a broader decline across the memory semiconductor industry after Samsung Electronics’ latest earnings update prompted selling throughout the sector.
Synopsys shifts resources away from manufacturing softwareSynopsys (NASDAQ:SNPS) is preparing to discontinue a suite of semiconductor manufacturing process control software as the company redirects investment towards higher-margin artificial intelligence design technologies, according to six sources familiar with the plans. Sources said the US chip design software company informed more than 10 semiconductor manufacturers during April and May that several manufacturing analytics products had reac
Brace for volatility as SpaceX joins the Nasdaq-100, Waller defends Fed’s use of forward guidance, and more news to start your day.
The DRAM – Roundhill Memory ETF has already more than doubled in value since debuting in early April.
Samsung Electronics has forecast a nineteen-fold leap in quarterly profit, its third record quarter in a row, yet investors responded by wiping more than $100 billion (€87.5bn) off the company's value amid doubts over how long the AI-driven memory boom can last.View on euronews
By Amanda Cooper LONDON, July 7 (Reuters) - Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the
July 7 (Reuters) - Futures tied to the tech-heavy Nasdaq dropped on Tuesday on declines in chip stocks over concerns about the sustainability of the AI-driven rally despite strong results from Samsung
Samsung previewed record quarterly results today. Analysts had been expecting around $56 billion in operating profit for the quarter, according to FactSet. Operating profit is set to jump 19-fold compared to a year earlier, from around $3 billion in the second quarter of 2025.
Stocks looked set to open in the red on Tuesday as investors opted to ditch tech, even after South Korean memory-chip maker Samsung Electronics forecast a huge surge in profit. Nasdaq 100 futures dropped 0.8%. The blue-chip Dow notched a record close for a second straight session, while the tech-heavy Nasdaq added more than 1% as chip stocks roared back.
U.S. tech futures fell in early European trade and global artificial intelligence-related stocks weakened as investors reacted to Samsung Electronics’ earnings.
Samsung Electronics stock dived even after it forecast a 19-fold increase in operating profit from the same period a year earlier.
7.47am: Shell gives pre-results update Shell says stronger trading in its integrated gas business and improved refining margins should support second-quarter performance, although production has been hit by disruption to output from Qatar following the Iran war. Ahead of second-quarter...
U.S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers, six sources briefed on the matter said, as it seeks to divert resources to higher-margin offerings such as AI design. Synopsys in April and May informed more than 10 chipmakers including Samsung Electronics, SK Hynix, Kioxia Holdings Corp and Qorvo Inc about the "end of life" move that means Synopsys will not provide future new versions and will only carry out maintenance obligations, two of the sources said.
Asian equities fell as renewed selling in technology stocks, including Samsung Electronics Co. and SK Hynix Inc., deepened concerns that the AI-driven rally may have run ahead of itself. Futures for the tech-heavy Nasdaq 100 Index retreated 1.1%, suggesting Monday's rebound on Wall Street was losing momentum. European shares were also set for losses. Bloomberg's Avril Hong and Mark Cranfield report.
Asian shares have retreated, with South Korea's Kospi shedding nearly 8% despite a rebound for AI stocks that lifted stocks on Wall Street. Oil prices rose and U.S. futures were mixed. In Seoul, the Kospi lost 7.6% to 7,444.13 as shares in both Samsung Electronics and SK Hynix slumped 8.7%.
<body><p>STORY: Samsung on Tuesday said it expects a 19-fold leap in profits over the second quarter from a year earlier.</p><p>The South Korean giant said operating profit would come in at over $58 billion, ahead of analyst estimates.</p><p>Revenue is expected to soar 129%.</p><p>It all comes as the global AI boom drives soaring demand for chips, sending prices for silicon sky-high.</p><p>That’s a direct boon for Samsung, which is the world’s largest maker of memory chips.</p><p>The company is seeing income surge even as it sets aside massive funds for worker bonuses.</p><p>And most analysts expect things to get even better.</p><p>One told Reuters that the memory chip shortage would only get worse this year and next, further supporting prices.</p><p>Others said customers were also seeking to sign longer-term supply deals, meaning the high prices could be locked in for longer.</p><p>In a recent report, Goldman Sachs forecast AI-related spending by U.S. giants like Microsoft and Meta would exceed $5 trillion by 2030.</p><p>However, some market-watchers warn that the big risk to firms like Samsung is a sudden slowdown in investment that dents demand.</p><p>Shares in the firm fell over 8% by lunchtime following Tuesday's news.</p><p>Some traders said investors were disappointed that the company’s earnings guidance wasn’t even more bullish.</p><p>Shares in the company are still up around five-fold over the past year.</p></body>
South Korea led losses in the region, after heavyweight chip maker Samsung Electronics tumbled despite projecting a 19-fold surge in its second-quarter operating profit.
South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.Frenzied global demand for advanced memory chips used in data centres for artificial intelligence has already helped South Korean semiconductor giants post record profits this year.
Seoul once again led losses on a mixed day in Asian stocks Tuesday as chip giant Samsung tumbled despite an eye-watering rise in profit, stoking fears that the record-breaking, AI-fuelled rally may have reached the end of the road.South Korean titan Samsung appeared to have answered some of those Tuesday as it said it expected to post a more than 1,800 percent jump in second-quarter operating profit thanks to sustained AI-driven demand for memory chips.
Samsung’s stock slid in Korea even as the company posted stellar Q2 preliminary results; retail traders believe strong performance was already priced into the shares.
By Satoshi Sugiyama TOKYO, July 7 (Reuters) - Asian stocks drifted lower on Tuesday, even after South Korea's Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while
Samsung forecast a 19-fold profit jump, but shares still fell over 6% as investors booked gains after a fivefold rally.