Semiconductor stocks dropped sharply after Samsung Electronics reported quarterly profits exceeding those of Nvidia and Apple, but failed to meet Wall Street's high expectations for AI-driven growth. Samsung's shares fell 8%, and related stocks like SK Hynix and U.S. memory makers also declined amid concerns that soaring memory prices and AI spending may not sustain current valuations. The selloff reflects investor skepticism about the AI chip market's ability to justify recent price surges, despite Samsung's optimistic profit forecast. Additionally, Chinese AI startup Deepseek's move to develop its own chip to bypass U.S. export restrictions adds complexity to the market landscape.
Jim Cramer cautioned investors about Nvidia's reported $250 billion backstop for OpenAI's AI data center, comparing it to risky financing deals from the dot-com bubble era. While Nvidia remains strong, Cramer warned that suppliers financing customers...
Nvidia is reportedly negotiating to provide a $250 billion financing package for a massive OpenAI data center project in Ohio, part of a $500 billion development led by SoftBank's energy subsidiary. This deal would help OpenAI lease a 10-gigawatt fac...
Apple surpassed Nvidia to become the world's most valuable company for the first time since April 2025, with a market cap of $4.95 trillion compared to Nvidia's $4.77 trillion. Nvidia's shares fell 5% due to investor concerns over high AI-related cos...
Apple regained its position as the world's most valuable publicly traded company, surpassing Nvidia with a market valuation of $4.9 trillion. This shift was driven by a 1% rise in Apple's stock and a nearly 5% drop in Nvidia's shares amid concerns ov...
Nvidia and OpenAI are discussing a massive $500 billion investment to build a data center in southern Ohio, which would become the largest in the world by power capacity at 10 gigawatts. Nvidia may provide $250 billion to help OpenAI lease the site, ...
