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(Bloomberg) -- SK Hynix Inc.'s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the semiconductor industry may be decelerating. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia's $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeSpaceX Rebounds After Briefly Plunging 20% Bel
(Bloomberg) -- SK Hynix Inc.’s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the semiconductor industry may be decelerating. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeSpaceX Rebounds After Briefly Plunging 20% Bel
The market has been spooked by concerns of tech giants’ ballooning spending and signs that China may be catching up in the AI arms race. Asian chip stocks plunged, sending South Korea’s Kospi index 10% lower and Japan’s Nikkei down 4%. The worst-hit American names included memory makers Sandisk which fell another 14%, and Micron, which shed 8.9%.
U.S. stocks finished mixed as a rout in chip stocks continued while falling oil prices boosted consumer stocks.
The Dow left the Nasdaq in the dust again on Tuesday. The Nasdaq fell 0.2%. The Dow was led by a wave of strong earnings performances including Sherwin-Williams, but a majority of S&P 500 stocks were up all day.

Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at recent market action in the semiconductor sector (^SOX).

Meta Platforms (META), Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL) are the next Big Tech names — part of the Magnificent Seven — to report quarterly earnings results this week. Zacks Investment Research stock strategist Ethan Feller weighs in on investors' expectations for these Magnificent Seven member stocks.
Micron stock tumbled 9% as a perfect storm hit the chip sector. Here's what you need to know.
Micron stock was among the sharpest fallers Tuesday after being spared the worst of the selling in the previous session. Micron stock was down 9% by midafternoon, while Sandisk Western Digital and Advanced Micro Devices were down around 15%, 8.2%, and 7.9%, respectively. The Nasdaq Composite was mostly flat despite the chaos.
Sandisk and Micron have emerged as leading beneficiaries of the artificial intelligence (AI) memory boom.

Scott Melker discusses how CME (CME) has launched 23-hour single-stock futures for trading shares of SpaceX (SPCX), Micron Technology (MU), and other stocks. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Robotics is moving out of the lab and into the real economy. Speaking at YC Startup School, NVIDIA CEO Jensen Huang made a striking claim about the timing of the next great AI wave. Asked about robotics, he told the audience: “I would say the ChatGPT moment of robots happened a couple of years ago ... NVIDIA CEO Jensen Huang Says the ‘ChatGPT Moment’ Has Already Happened for the Next $50 Trillion Trend
Scott Melker dives into the roadblocks delaying the CLARITY Act, CME’s expansion into near round-the-clock futures trading, and the surge in blockchain activity as token prices cool. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
SNDK stock dropped to an intra-day low of around $1,050 before recovering part of its losses.
NBT Bancorp (NASDAQ:NBTB) reported second-quarter net income of $53 million, or $1.02 per diluted common share, as record net interest income, loan growth and fee-based revenue contributed to improved results. President and CEO Scott Kingsley said the company delivered “significantly stronger earni
Micron Technology stock plunged on Tuesday as semiconductor stocks broadly continued to sell off. In morning trades on the stock market today, Micron fell more than 11% to 796.46. It was among the worst performers on the Philadelphia semiconductor index, known as SOX.
A chip ETF just posted one of its best years on record, and the stock everyone expected to lead it barely showed up. The real story is which names hijacked the rally and why the fund's rulebook deserves more credit than any of its holdings.
Earlier this month, Qualcomm Incorporated declared a quarterly cash dividend of US$0.92 per common share, payable on September 24, 2026, to shareholders of record as of September 3, 2026. Separately, Qualcomm’s participation in Micron’s new long-term automotive supply agreements highlights its push to secure a role in AI-enabled vehicle platforms and reduce reliance on smartphones. Against this backdrop, we’ll examine how Qualcomm’s reinforced dividend and role in Micron’s automotive supply...
Memory stocks are cratering for the second straight session with no company-specific bombshell to blame, and Big Tech earnings due Wednesday could either end the pain fast or send the group into a deeper spiral.
The last time SK Hynix Inc. (NASDAQ:SKHY) suffered a monthly decline this severe, Lehman Brothers had just collapsed. Shares of the South Korean memory giant have plunged roughly 41% this month, marking their worst monthly performance since October 2008. The selloff accelerated Tuesday, with the stock dropping another 14% in Seoul just one day before second-quarter earnings. SK Hynix will report second-quarter earnings on Wednesday, after the close. Chart: SK Hynix Eyes Worst Monthly Performance