South Korean chipmaker SK Hynix reported record earnings driven by AI demand but fell short of market expectations, causing its shares to drop nearly 10%. This contributed to a broader selloff in Asian chip stocks, with South Korea's KOSPI index falling sharply and other major players like Samsung, Kioxia, and MediaTek also seeing declines. The selloff is partly due to concerns over China's advancements in chipmaking technology, including new competitors like CXMT and progress in chip manufacturing equipment that threatens established firms like ASML and TSMC. Despite this, U.S. chip stocks showed mixed reactions, with some slight gains after previous declines. Investors will be watching how these competitive pressures and earnings results impact the global chip market going forward.
Direxion introduced six new Defined Income Boost ETFs on July 29, 2026, targeting major tech companies like Google, Meta, Nvidia, Tesla, Micron, and Palantir. These ETFs aim to provide investors with income—targeting 20% annualized—through selling ca...
The KOSPI index plunged 10.84%, marking its eighth circuit breaker this year and a 33% drop from recent highs, driven by extreme volatility in SK hynix and the global memory sector. Investor concerns focus on the sustainability of hyperscaler capital...
Apple's market value surged to $5 trillion, driven by a 21.5% stock price increase over the past month, surpassing Nvidia as the most valuable company. This growth is notable as Apple is less tied to AI than competitors like Nvidia and Micron, which ...
Micron Technology's stock has fallen sharply over the past month as investors reassess memory chip valuations. Despite this decline, the demand and supply fundamentals for Micron remain positive, supporting a bullish outlook for the company. The curr...
Investors are rotating out of AI infrastructure stocks such as Micron and Western Digital, which surged earlier this year due to memory shortages but have recently declined. CNBC's Jim Cramer highlights a shift toward companies with broader growth dr...
