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US stocks end lower as AI worries hit chipmakers
Reuters Videos30d agoneutralVIDEO
US stocks end lower as AI worries hit chipmakers

<body><p>STORY: Wall Street's main stock indexes fell on Tuesday, with the Dow dropping a quarter of a percent, the S&P 500 shedding just under half a percent and the tech-heavy Nasdaq losing more than one percent.</p><p>Chip stocks in Asia and the U.S. declined after memory chip giant Samsung's blowout earnings report failed to satisfy investors with sky-high expectations.</p><p>Leah Bennett is chief investment strategist at Concurrent Investment Advisors.</p><p>"Samsung reported great earnings overall, but I think investors are really starting to scrutinize the growth of a lot of these high growth companies. They're looking for any potential weakness in margins, in revenues, or if anybody is using the word 'over capacity' or 'excess capacity' in any way. And last night, we saw Samsung mention that their memory prices were only going to be up 30% versus an expectation of 40%. And the stock really sold off significantly. And I think that's brought down the rest of the high-growth stocks."</p><p>Shares of Micron Technology fell more than 4.5%, while Sandisk dropped over 7%.</p><p>:: Nvidia</p><p>Adding to worries about high-flying chipmakers, Reuters reported that Chinese startup DeepSeek is developing its own AI chip, a push that could reduce its dependence on Nvidia and Huawei chips.</p><p>Shares of Nvidia fell in morning trading, but closed slightly higher.</p><p>:: SK Hynix</p><p>Another test of the appetite for chip stocks looms on Friday, when South Korean giant SK Hynix's U.S. listing starts trading on the Nasdaq.</p><p>Meanwhile, Elon Musk's SpaceX tumbled more than 6.5% in its first day of trading as part of the Nasdaq 100 index and after a wave of brokerages initiated coverage on the stock with largely bullish outlooks.</p></body>

Samsung Fails To Impress
The Wall Street Journal30d agoneutral
Samsung Fails To Impress

Sharp declines for high-flying memory and chipmakers including Intel, Marvell Technology and Applied Materials led a 1.2% decline in the Nasdaq Composite index and a 0.5% drop in the S&P 500. An update on second-quarter results from the South Korean giant had the company projecting record operating profits. Investors feared this reaction was a sign of how future reports for other chipmakers and AI-related tech companies might be received.

Chip Rebound Fizzles, Hammers Nasdaq
Barrons.com30d agoneutral
Chip Rebound Fizzles, Hammers Nasdaq

The Nasdaq tumbled on Tuesday after a rebound in semiconductor stocks fizzled out overnight. The Dow dropped 131 points, or 0.3%. After chips rebounded on Monday, selling in memory stocks in South Korea bled into U.S. trading.

MT Newswires30d agoneutral
Sector Update: Energy

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 2.6% and

The Stock Market Is Doing Better Than It Looks
Barrons.com30d agoneutral
The Stock Market Is Doing Better Than It Looks

The big three stock market indexes are down, but it’s not as bad as it looks. The Dow was down 150 points, or 0.3%. Low volatility and value stocks were leading the market, while momentum, growth, and risk were all struggling.