Chip stocks drop as AI rally shows ‘signs of fatigue’, as SpaceX’s huge IPO looms – as it happened

Rolling coverage of the latest economic and financial news ...
SiliconANGLE

AI chip demand propels Broadcom to another earnings beat, but its shares drop after-hours

Red-hot chipmaking giant Broadcom Inc. narrowly beat earnings expectations for its second quarter today and also provided robust guidance for the curret quarter, but its stock cooled after-hours. The ...
U.S. News & World Report

Samsung Elec Q2 Profit Likely to Drop 39% on Weak AI Chip Sales

SEOUL (Reuters) -Samsung Electronics is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying advanced memory chips to artificial ...
Android

Samsung Faces Strong Q2 Profit Drop Due to Weak AI Chip Sales

Samsung Electronics anticipates a 39% drop in Q2 profit, primarily due to weaker-than-expected AI chip sales. This projected decline highlights the intense competition and evolving dynamics within ...
Fast Company

Memory chip stocks are falling again: Why Micron, SanDisk, WDC, and Seagate keep getting hammered

It has been a bruising 24 hours for investors in memory chip storage companies, including Micron Technology, Inc. (Nasdaq: MU), SanDisk Corporation (Nasdaq: SNDK), Western Digital Corporation ...
Reuters

Samsung Electronics second-quarter profit likely to drop 39% on weak AI chip sales

SEOUL, July 7 (Reuters) - Samsung Electronics (005930.KS), opens new tab is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying ...