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Samsung Eyes Another Record Quarter on Explosive AI Memory Demand, But Rising Employee Bonuses Could Cloud Earnings: Report
Benzinga41d agoneutral
Samsung Eyes Another Record Quarter on Explosive AI Memory Demand, But Rising Employee Bonuses Could Cloud Earnings: Report

Samsung Electronics (OTC:SSNLF) on Tuesday is expected to deliver another record-breaking quarter as surging AI-driven demand for memory chips continues to lift prices, though higher employee bonus costs could weigh on reported earnings. AI Memory Boom Expected to Drive Another Record Quarter Samsung is expected to report an operating profit of about 86 trillion won ($56.35 billion) for the April-to-June quarter, according to an LSEG SmartEstimate based on forecasts from 30 analysts, Reuters rep

Bloomberg41d agoneutral
Unease Over Korea Leveraged ETFs Grows as Lawmakers Demand Fix

(Bloomberg) -- South Korean lawmakers are increasingly sounding alarms over the risks of single‑stock leveraged exchange‑traded funds, with an opposition party member now calling for such products to be delisted.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great

South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave
Reuters41d agoneutral
South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave

South Korean chipmaker SK Hynix will on Monday launch its about $28 billion U.S. listing, according to its regulatory ‌filings, in one of the world's largest new share sales ‌as it capitalizes on the global AI boom. The company will sell 17.79 million new shares ​in the depository receipt listing on the Nasdaq, making it one of the world's most valuable tech firms. Ten ADRs will represent one common share and the stock will be sold in a price range due to be ‌revealed on Monday, based on ⁠SK Hynix's Seoul trading price.

Bloomberg41d agoneutral
Chip Stock Bulls Count on Samsung to Soothe AI Trade Jitters

(Bloomberg) -- A wild ride for global chip stocks in recent weeks has left investors looking for fresh validation of the artificial intelligence trade. Samsung Electronics Co. may provide just that on Tuesday.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great Am

Samsung likely to post 18-fold jump in profit on surging AI demand for memory
Reuters41d agobullish
Samsung likely to post 18-fold jump in profit on surging AI demand for memory

Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI growth continues to strain memory supply and push chip prices higher. On Tuesday, the ‌world's largest memory chipmaker by sales is likely to flag an operating profit of 86 trillion won ($56.35 billion) for the April to June quarter, according ‌to an LSEG SmartEstimate based on forecasts from 30 analysts, weighted toward those with the best track records.

Micron Technology Inc. (MU) Sued Over Skyrocketing DRAM Prices amid AI Boom
Insider Monkey41d agoneutral
Micron Technology Inc. (MU) Sued Over Skyrocketing DRAM Prices amid AI Boom

Micron Technology Inc. (NASDAQ:MU) is one of the top AI Stocks to buy according to billionaire Philippe Laffont. On June 29, Micron Technology Inc. (NASDAQ:MU) was hit with a class action lawsuit over claims that it is restricting DRAM supply to inflate prices. The private class-action lawsuit in the US also names Samsung and SK […]

Anthropic quietly joins the race to build its own chips
TheStreet43d agoneutral
Anthropic quietly joins the race to build its own chips

Anthropic has opened early talks with Samsung Electronics to manufacture a custom AI chip, according to a report from Bloomberg. The Claude developer has never built its own silicon before. It has relied entirely on chips rented from Amazon, Google, and Nvidia, and that dependence is now colliding ...

Relax, Micron Stock Can Rebound Quickly After the Fourth of July Holiday
Barrons.com44d agoneutral
Relax, Micron Stock Can Rebound Quickly After the Fourth of July Holiday

Micron stock had a bad end to the holiday-shortened week but there are already signs it could rebound once the Fourth of July celebrations end. The memory-chip maker fell 5.5% on Thursday after a 10.6% slump in the previous session, taking the shares to $975.56–the first time it’s closed below $1,000 since June 12. While U.S. stock markets are closed Friday, markets were open as normal in South Korea.

SK Hynix Stock, Samsung Surge as Memory Frenzy Drives KOSPI Rebound
Barrons.com44d agobullish
SK Hynix Stock, Samsung Surge as Memory Frenzy Drives KOSPI Rebound

It followed a brutal tech rout in the previous session, which mimicked the chip-stocks selloff in U.S. markets where the tech-heavy finished 0.8% lower to end a holiday-shortened week. Trading was halted on the KOSPI Thursday as the slump triggered a sell-side regulatory halt, or “circuit breaker,” very early in the morning session for 15 minutes. The Seoul market is a hostage to the benchmark index’s two largest constituents—memory-chip titans SK Hynix and Samsung Electronics —and the pair again drove the recovery Friday, surging 10.9%, and 8.2%, respectively.

Fresh lawsuit drops bombshell on Micron stock price
TheStreet44d agobearish
Fresh lawsuit drops bombshell on Micron stock price

Micron Technology just delivered the best quarter in its history. However, three days later, a federal courtroom in California turned that story upside down. A class-action lawsuit filed on June 25 accuses Micron (MU), Samsung, and SK Hynix of secretly restricting memory chip supply to inflate ...