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Investing.com - U.S. stock futures were mixed on Friday as investors remain cautious after another difficult week for technology stocks. Reports that OpenAI may delay its highly anticipated stock market debut added to concerns around lofty AI valuations, while Apple’s recent price hikes continued to weigh on sentiment.
South Korean shares slumped more than 8%, as jitters over the valuations of companies riding the artificial-intelligence boom rattled the world’s best-performing market this year.
<body><p>STORY: Samsung will announce on Monday plans to invest almost $648 billion in South Korea over 10 years.</p><p>That's according to the Maeil Business Newspaper, which reported that the investment includes a potential $194 billion to build chip factories in the southwest of the country.</p><p>Without citing sources, it said the plan also includes AI data centers, batteries and displays.</p><p>It added that the move will be announced at a meeting with country President Lee Jae Myung at the presidential office.</p><p>There was no immediate response to a request for comment from the company. </p><p>Friday's report said top executives from Samsung and rival SK Hynix will attend the meeting to unveil investment plans aimed at regions outside Seoul and nearby cities.</p><p>The chipmakers have faced political pressure to invest more in other areas of the country.</p><p>Media reports said President Lee had separate meetings with the heads of both firms this week.</p><p>South Korea's presidential office has said it plans to hold a public briefing on Monday regarding "three mega-projects" meant to drive a national leap forwards. </p></body>
(Bloomberg) -- Asian technology stocks slumped after Apple raised prices for its products, stoking concern that rising component prices will curb demand for devices and eventually slow the memory chip rally that has powered much of the AI trade.Most Read from BloombergApple Shares Sink After Price Hikes Hit iPads and MacsInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetShip Struck in Hormuz as Oil Supertankers Turn Back AgainStocks Whipsaw as Micron Surges While Apple Sinks: Mark
By Hyunjoo Jin, Joyce Lee and Heejin Kim SEOUL, June 26 (Reuters) - Samsung Group will unveil a sweeping decade-long investment plan on Monday, pledging 1,000 trillion won ($648 billion) to anchor
IBM (IBM) hasn’t built a commercial computer chip of its own in nearly a decade. On Thursday, June 25, the company said its research labs had cracked something the rest of the chip industry hasn’t managed yet. The breakthrough has nothing to do with software, and everything to do with one tiny ...
Samsung Group will announce its plan to invest 1,000 trillion won ($647.53 billion) for 10 years in South Korea on June 29, which might include a 300 trillion won spend in building chip factories in the southwest of the country, a media report said on Friday. ($1 = 1,544.3200 won) (Reporting by Heejin Kim)
<p>Recent market action in South Korea isn't a direct cautionary tail for what can go wrong with leverage, but it's a good reminder to pay attention.</p>
As massive data center demand reshapes the digital memory industry, Micron and SK Hynix stand at the center of a powerful long-term growth trend.
AI Memory Demand Could Make This Cycle More Durable
SK Hynix Explodes After Massive Nasdaq Listing Plan and Micron Boost
The semiconductor industry has spent the last decade racing toward a physical wall. Engineers have steadily shrunk transistors to pack more computing power onto ever-smaller chips, but that strategy is running out of room. At today’s leading-edge process nodes, components are measured in just a handful of atoms. Heat, power leakage, and manufacturing complexity have ... No, IBM Is Not Becoming a Chipmaker — But It Just Revolutionized the Industry Anyway
The iShares China Large-Cap ETF (NYSEARCA:FXI) is the default way most U.S. investors play China’s AI trade. FXI holds the country’s biggest tech names, Alibaba, Tencent, Baidu, Meituan, and JD, which is exactly what investors want when they bet that China’s hyperscalers will mirror the U.S. AI capex cycle. The case for owning FXI has ... Forget FXI. The South Korea Fund Beating China’s AI Trade Charges 19% Less
Memory chipmakers have for decades been trapped in boom-bust cycles, with capacity buildouts hitting the market just as demand craters. Micron, Samsung and SK Hynix are now trying to convince investors this time is different, arguing long-term deals will keep cash flowing even if the datacenter boom bursts. Micron said on Wednesday customers such as Nvidia had committed $22 billion to lock in supplies of memory chips, playing up huge growth in five-year "take-or-pay" deals that require clients to either buy its chips or hand over cash.
SK Hynix surges after unveiling a $29.4 billion Nasdaq listing. See three tech ETFs with top exposure ahead of its July 10 US debut.
SK Hynix will be easier for investors to buy. Will that hurt demand for South Korean funds and the DRAM ETF?
Chipmaker plans ADR debut to fund AI memory expansion after a year of massive share gains.
Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla's for the first time on Thursday, after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were last up 18.4% at $1,236, giving it a market capitalization of $1.398 trillion, compared with Meta's $1.392 trillion. Tesla had a market value stood of $1.4 trillion.
SK Hynix's $29.4 billion U.S. listing plan adds to AI-driven memory industry momentum.
Micron Technology stock surged ahead of the open Thursday after the memory chip maker reported strong third-quarter earnings. Micron reported adjusted earnings per share of $25.11. Micron’s closely watched adjusted gross margin was 85%, again beating Wall Street’s consensus.
Asian stock markets largely joined the global tech rally Thursday, which was re-ignited late Wednesd
Micron stock was surging as the company delivered reassurance the memory-chip boom can last for longer than expected.
STOCKS Asian equity markets were mostly higher after memory-chip maker Micron’s blockbuster results eased artificial-intelligence fears and oil slumped toward prewar levels as Middle East tensions continued to ratchet down.
Shares of data storage manufacturer Seagate (NASDAQ:STX) fell 7.1% in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.
A number of stocks fell in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.
South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology's quarterly results and forecast beat expectations, boosting optimism over sustained demand for AI-related chips. Shares of SK Hynix and Samsung Electronics rose as much as 11.6% and 6.2%, respectively, in early trade, tracking a rally in U.S. chip stocks after Micron's earnings and outlook reinforced confidence in the memory sector. The rally also followed SK Hynix's announcement on Wednesday of plans to raise up to 45.45 trillion won ($29.52 billion) through a secondary listing on Nasdaq, as it seeks to capitalise on strong investor appetite for AI stocks.
A number of stocks fell in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) fell 4.1% in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.
Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) fell 4.7% in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.
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