September Nasdaq 100 E-Mini futures (NQU26) are down -0.97% this morning as chipmakers came under renewed selling pressure after a blowout forecast from Samsung Electronics failed to impress investors.
Samsung, the world's largest memory chipmaker by market value, delivered a rosy update today, projecting a 19-fold surge in Q2 operating profit. However, that was not enough to satisfy investors' lofty expectations. The company's shares sank as much as -10% before closing down -6.9% in Seoul, triggering a global selloff in chip stocks. U.S. memory chipmakers Sandisk and Micron Technology slumped over -5% in pre-market trading.
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Samsung, the world's largest memory chipmaker by market value, delivered a rosy update today, projecting a 19-fold surge in Q2 operating profit. However, that was not enough to satisfy investors' lofty expectations. The company's shares sank as much as -10% before closing down -6.9% in Seoul, triggering a global selloff in chip stocks. U.S. memory chipmakers Sandisk and Micron Technology slumped over -5% in pre-market trading.
Broadcom's Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy.
Mark Cuban Asks What If You Didn't Need Health Insurance — And Hospitals Just Treated You, Then Took 10% of Your Pay?
Oklo Stock Just Got a Major Win. 2026 Could Still Be Its Breakout Year.
3 months ago
