South Korean equities lost over $900 billion in value after the Kospi dropped nearly 10%, driven by SK Hynix and Samsung shares falling over 12%. The selloff followed SK Hynix surpassing Samsung as Korea's most valuable company and concerns over record margin debt of $25 billion. The dip was triggered by SK Hynix shifting production from high-margin AI memory to commoditized DRAM, raising questions about AI demand. Despite the selloff, major AI chipmakers like Micron, NVIDIA, and AMD report strong revenue growth and spending, indicating ongoing robust demand. Alphabet is a notable exception, facing stock declines amid executive losses and slower AI model releases. Upcoming earnings from Micron and Cerebras will clarify if the Korean market drop signals a broader trend or a temporary shakeout.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
Jim Cramer expressed skepticism about the current impact of AI investments, noting that while AI infrastructure companies benefit, many corporate users have yet to show significant cost savings or revenue gains. He highlighted that banks, expected to...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
Micron Technology announced that its executives will participate in the KeyBanc Capital Markets Technology Leadership Forum on August 10, 2026, in Deer Valley, Utah. The event presentation will be webcast live and available for replay on Micron's Inv...
