Global semiconductor stocks fell sharply overnight across major markets, dragging Nasdaq 100 futures lower ahead of the U.S. open. Despite strong earnings like Samsung's record profit, chip stocks including SK Hynix, Tokyo Electron, and Taiwan Semiconductor declined, signaling heavy selling pressure. This selloff tests the recent gains in tech indexes after Monday's rally, with the Nasdaq 100 approaching its 50-day moving average support at 29,590.29. Traders will watch if buyers step in to hold these levels or if selling extends, potentially pushing the index toward lower support levels. The U.S. trade balance report released Tuesday will also influence market direction.
Stanley Druckenmiller’s Duquesne Family Office sold all shares of Micron, Intel, and Broadcom in Q2 2026, shifting focus to AI-related infrastructure. The fund opened new positions in Equinix, a major data center operator benefiting from AI-driven de...
Taiwan Semiconductor Manufacturing (TSMC) reported strong Q2 2026 results with revenue of $40.2 billion and EPS of $4.31, beating expectations. The company announced a $100 billion investment in Arizona for advanced chip capacity, driven by growing A...
SK Hynix's IPO followed the 2026 mega-IPO pattern: a strong initial surge to $195, then a drop below $125, before settling around $162, above its $149 offer price. Despite the volatility, its fundamentals are strong with a 76% operating margin and 41...
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF, which targets three times the daily performance of the NYSE Semiconductor Index, gained approximately 393% over the past year, turning a $10,000 investment into about $49,270. This surge was...
Shares of major semiconductor foundries like United Microelectronics, Taiwan Semiconductor Manufacturing, and GlobalFoundries fell sharply due to concerns over slowing AI-related capital expenditures. The Wall Street Journal reported that top tech fi...
