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Despite notable stock declines today, memory makers like Micron Technology, Samsung and SK Hynix are far and away the best performers among trillion-dollar technology companies this year. Some of the moves this past week help explain why.
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.09%. September E-mini S&P futures (ESU26 ) fell -0.12%, and September E-mini Nasdaq futures...
Stock indexes closely tied to AI fell Friday. Japan’s benchmark index slid more than 4%, weighed down by a 13% plunge in SoftBank Group’s shares, after a media report suggested OpenAI could hold off going public until next year. The PHLX semiconductor index dropped about 5%, while the Roundhill Memory ETF fell 6.5%.
South Korean chip stocks tumbled over 10% as Apple pricing and AI concerns rattled investors.
Apple and Microsoft price hikes raise concern that higher component costs could slow device demand and pressure AI-linked chip stocks.
Micron's outlook eased chip-demand fears, but inflation concerns quickly reignited volatility across AI-focused stocks.
Report says plan includes new chip factories.
"This volatility is, in our view, evidence of excessive froth and calls into the question the sustainability of this rally."
The Swiss watchmaker alleged that Samsung smartwatches were allowed to feature replica watch dials of its marquee brands Omega, Tissot and Breguet.
In a note on Friday, Kindig argued that widespread shortages across high-bandwidth memory, conventional DRAM and NAND flash continue to give memory makers significant pricing power.
Shares of Micron Technology (NASDAQ:MU) are down 7% to $1,130 in early Friday trading. SanDisk (NASDAQ:SNDK) is slipping 7% to $2,176, while Western Digital (NASDAQ:WDC) is declining 6% to $626. The coordinated retreat across the three biggest U.S. memory and storage names suggests profit-taking rather than a thesis-breaking shift. The trio had ripped higher into ... Micron, SanDisk, and Western Digital Fall 7% as Memory Rally Cools
Samsung may unveil a 1,000 trillion won spending plan as South Korea pushes chips, AI data centers, and physical AI.
South Korean chip stocks tumble as Samsung and SK Hynix volatility raises investor concerns.
To see just how skittish the AI trade has become, look no further than South Korea’s Kospi index this week. The benchmark has swung at least 3% in either direction for the last four trading sessions, with even bigger moves intraday.
South Korea's benchmark Kospi tumbled as much as 8% Friday, before recovering slightly to end down 5.8%.
(Bloomberg) -- Two of China’s best-known hedge fund managers are warning that the artificial intelligence boom in global stock markets has become an unsustainable bubble.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 AgainIndonesia Opens Door to Dirty Money to Fund Prabowo’s PlansMamdani Delivers Rent Freeze in Milestone for NYC TenantsWealspring Ass
We have spent two years watching the AI build-out through an American lens. Nvidia Corp (NASDAQ:NVDA, XETRA:NVD), Microsoft Corp (NASDAQ:MSFT), OpenAI (Unlisted:OPAI), the hyperscalers and their hundred-billion-dollar capex pledges. On Monday, South Korea will remind everyone that the...
Stocktwits data showed retail sentiment around SPY sunk to ‘extremely bearish’ territory, while QQQ sentiment remained ‘bullish.’
South Korea's benchmark Kospi tumbled as much as 8% Friday, before recovering slightly to end down 5.8%.
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)
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