Nasdaq Futures Fall After Samsung’s Record Profit Fails to Allay Chip Jitters
- On Tuesday, Nasdaq futures fell as semiconductor stocks declined, with investors questioning the sustainability of the AI-driven rally despite strong quarterly results from Samsung Electronics.
- Skepticism regarding the AI-driven rally intensified as analysts warned investors have yet to see clear evidence that massive infrastructure spending translates into profitability and earnings sustainability.
- The Philadelphia SE Semiconductor index hit a four-week low as Micron Technology fell 5.6%, Western Digital dropped 6.2%, and Nvidia shed 0.7% following reports of Chinese startup DeepSeek developing a competing AI chip.
- While chip shares tumbled, the Dow Jones Industrial Average bucked the trend as software plays Microsoft, Salesforce, and IBM rose, signaling rotation into other market sectors.
- Investors await Wednesday's Federal Reserve minutes from Chair Kevin Warsh and the Nasdaq debut of SK Hynix later this week in a $28 billion listing, providing further market tests.
33 Articles
33 Articles
Nasdaq falls sharply as AI worries hit semiconductor stocks | Honolulu Star-Advertiser
The Nasdaq ended sharply lower today, weighed down by losses at Micron Technology and other chipmakers due to mounting doubts about the sustainability of Wall Street’s AI-driven rally.
The New York Stock Exchange closed downwards on Tuesday, affected by the drop in value of semiconductor companies, which increases nervousness in the face of colossal investments aimed at the development of artificial intelligence. The Dow Jones yielded 0.25% and the expanded S&P 500 index declined by 0.45%. But the biggest losses affected Nasdaq, the index that groups large technology companies, which fell back by 1.16%. The indicator was parti…
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Nasdaq Drops 1% as Chip Selloff Tests Wall Street’s AI Rally
U.S. stocks ended lower Tuesday as losses in Micron, Sandisk and other semiconductor names renewed concerns that investor expectations for AI-linked companies have climbed too ... The post Nasdaq Drops 1% as Chip Selloff Tests Wall Street’s AI Rally first appeared on [your]NEWS.
The Dow Jones slipped 0.25% and the broader S&P 500 index declined 0.45%. But the losses were more pronounced on the Nasdaq, the index of major technology stocks, which fell 1.16%. It was particularly affected by the sharp declines of AMD (-6.51%), Micron (-4.71%), and Intel (-9.66%). This latest market turmoil, following the events of recent weeks, was triggered by the preliminary results of South Korean giant Samsung. The group nevertheless …
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