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Bloomberg32d agoneutral
Huawei, Apple Get Boost in China From Memory Costs, IDC Says

(Bloomberg) -- Huawei Technologies Co. and Apple Inc. extended their lead atop China’s smartphone market in the June quarter, expanding their shipments as consumers opted to either buy premium devices or skip upgrades, according to IDC.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Figh

TSMC seen riding AI boom to fifth straight quarter of record profit
Reuters32d agoneutral
TSMC seen riding AI boom to fifth straight quarter of record profit

TSMC, the world's largest manufacturer of advanced AI chips, will likely notch a fifth consecutive quarter of record earnings, driven ‌by booming AI infrastructure spending. Analysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) 3-nanometre and 2-nanometre ‌process technologies for AI chips, as well as for its advanced chip packaging technology, CoWoS, remains strong. Its market capitalisation is now nearly double that of South Korean rival Samsung Electronics at around $1.97 trillion.

Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch
Reuters33d agoneutral
Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch

Global smartphone shipments fell 11% in the second quarter to their lowest level ‌for the period since 2013, as a prolonged ‌memory chip shortage drove up handset prices and dampened demand, according ​to early estimates from Counterpoint Research. Apple bucked the trend with a 3% rise in shipments, taking its global market share to a record 20% in the quarter ‌on resilient demand for ⁠its premium iPhone lineup and keeping prices unchanged. However, analysts expect price increases in ⁠the coming months.

Samsung Electronics to move up start of chip factory in Yongin to 2029, source says
Reuters34d agoneutral
Samsung Electronics to move up start of chip factory in Yongin to 2029, source says

Samsung Electronics aims ‌to bring ‌forward operation of its ​chip fabrication site in the city of Yongin, south of ‌Seoul, ⁠to 2029 from 2030-2031, as the ⁠chipmaker seeks to keep up ​with surging ​demand ​for memory ‌chips used in AI infrastructure, a source told Reuters on Monday. Samsung did not ‌immediately respond ​to Reuters' ​request ​for comments. Yonhap ‌News Agency first ​reported ​about the change of the plan ​on ‌Sunday.

Bloomberg36d agoneutral
SK Hynix Open to Issuing More US Shares, SK Group Chairman Says

(Bloomberg) -- SK Hynix Inc. is open to issuing more US shares should returns prove strong and the company’s stock price remains stable, SK Group Chairman Chey Tae-won said.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsSK Hynix Raises $26.5 Billion in Biggest Foreign Debut in USPrabowo’s Clampdown on Indonesian Tycoons Fuels Capital FlightZuckerberg Pledges ‘Aggressive’ Pricing With Met

South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York
Reuters36d agoneutral
South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York

When South Korean billionaire Chey Tae-won attends a bell-ringing ceremony on Friday for SK Hynix's $26.5 billion Nasdaq listing, it will mark the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse. SK ‌Group's 2012 acquisition of Hynix was viewed as problematic even within the business conglomerate: Memory chips are cyclical and capital-intensive, and the company was losing money ‌while trailing Samsung Electronics in market share and technology. But under Chey, seeking an edge over Samsung, SK Hynix has spent more than a decade betting on high-bandwidth memory (HBM) chips, at the time a niche technology.

Why the S&P 500 Is Suddenly Your 401(k) Account’s Worst Performer
Barrons.com36d agoneutral
Why the S&P 500 Is Suddenly Your 401(k) Account’s Worst Performer

Your exchange-traded fund is flat. Remember that ETF you tucked away that invests in developed markets outside the U.S.—the one that looked cheap but has lagged behind the S&P 500 forever because it’s loaded with crusty old companies in Europe and Japan? By the way, both of these overseas funds, developed and emerging, beat the S&P 500 by a lot in 2025, too, but that was partly because the value of the dollar tanked last year as the Federal Reserve was cutting interest rates.

Bloomberg36d agoneutral
SK Hynix’s US Trading Debut Unleashes Wave of New Leveraged ETFs

(Bloomberg) -- SK Hynix Inc.’s record-setting US debut is paving the way for a fresh wave of leveraged products tied to the South Korean memory giant’s shares, bringing to Wall Street the popular bets that have amplified the stock’s volatility in Seoul.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger W

Bloomberg37d agoneutral
SK Hynix’s $26.5 Billion Listing Reopens Asia Route to US Market

(Bloomberg) -- SK Hynix Inc.’s US share sale is set to boost an ailing vehicle that was once essential for Asian firms looking West, and Wall Street is hoping the frenzy for artificial intelligence infrastructure will encourage competitors to follow their path.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches

Samsung's record profit puts 24/7 stock perps to the test
TheStreet37d agoneutral
Samsung's record profit puts 24/7 stock perps to the test

Samsung just posted the most profitable quarter in the history of any technology company. The market sold the stock anyway. On July 7, Samsung Electronics reported preliminary second-quarter results showing operating profit of 89.4 trillion won, approximately $58.4 billion, a 19-fold jump from the ...

Bloomberg37d agoneutral
SK Hynix Said to Guide US Offering Price 3.1% Above Korea Close

(Bloomberg) -- SK Hynix Inc. is telling investors it intends to price its US listing at $149 per American depositary receipt, according to people familiar with the matter, despite recent volatility in the Korean memory chipmaker’s shares.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran for Sec

China's CXMT to start book-building on July 15 for $4.3 billion Shanghai IPO
Reuters38d agoneutral
China's CXMT to start book-building on July 15 for $4.3 billion Shanghai IPO

China's top memory chipmaker Changxin Memory Technologies (CXMT) said on Thursday ‌it will start book-building on July ‌15 for its Shanghai initial public offering as it seeks ​to raise 29.5 billion yuan ($4.34 billion). CXMT, long seen as a technological laggard compared with global leaders Samsung Electronics and SK Hynix, will take ‌investor subscriptions on ⁠July 16 for its IPO, according to a stock exchange filing. CXMT's mega ⁠IPO comes amid rising volatility in global memory chip shares.

World’s Hottest Stock Index Enters Bear Market
The Wall Street Journal38d agoneutral
World’s Hottest Stock Index Enters Bear Market

South Korea’s high-flying stock index is having a harder time staying airborne. The Kospi index entered a technical bear market (defined as a 20% drop from a recent high) after plunging more than 5% today.

Bloomberg38d agoneutral
Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom Levels

(Bloomberg) -- After losing roughly $1 trillion in market value in less than two months, Nvidia Corp.’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapUS Strikes Iran and Blocks Oil Sales in New Test of TruceTwo Millennium Trading Pods Made About $3.7 Billion Last MonthChina Sentences

SK Hynix's $28 Billion US Share Sale Draws Strong Demand, Notes Daniel Newman With a Rocket Emoji, Jim Cramer Weighs in on the IPO
Benzinga38d agoneutral
SK Hynix's $28 Billion US Share Sale Draws Strong Demand, Notes Daniel Newman With a Rocket Emoji, Jim Cramer Weighs in on the IPO

The South Korean memory chip giant’s planned Nasdaq listing is already attracting strong institutional interest, fueling bullish sentiment around one of the largest equity offerings tied to the artificial intelligence boom. SK Hynix Launches $28 Billion US Share Sale South Korean chipmaker SK Hynix on Monday launched a U.S. share sale aimed at raising about 43 trillion won ($28.07 billion) through the issuance of American depositary receipts (ADRs) listed on the Nasdaq. The company said major in

Bloomberg39d agoneutral
Samsung Mass Produces Storage Drives for Nvidia’s Vera Rubin

(Bloomberg) -- Samsung Electronics Co. has begun mass production of its most advanced data center storage drive, which is set for use inside Nvidia Corp.’s upcoming Vera Rubin platform. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina Sentences Official to

Samsung Fails to Impress—Heard on the Street Recap
The Wall Street Journal39d agoneutral
Samsung Fails to Impress—Heard on the Street Recap

Samsung's earnings preview fell short of expectations. In an update on second-quarter results, the South Korean company projected record operating profit. But the forecast also offered a provision for the cost of coming special bonuses for employees.

Samsung Highlights Risk For Tech Stocks: Lofty Earnings Expectations
Investor's Business Daily39d agoneutral
Samsung Highlights Risk For Tech Stocks: Lofty Earnings Expectations

S&P 500 companies are expected to report 23.3% earnings growth for Q2, the second straight quarter above 20% and far above the average growth rate of 16.4% over the past five years, according to FactSet. The key question for markets, according to famed investment strategist Ed Yardeni, is whether analysts got carried away after Q1 earnings and set the bar too high. "The big risk up ahead is that technology companies, especially the hyperscalers, won't beat analysts' overly optimistic earnings growth estimates for the quarter," Yardeni wrote in Monday note.

💬 Money Quote: Chip Stocks Are Priced for Perfection
The Wall Street Journal39d agoneutral
💬 Money Quote: Chip Stocks Are Priced for Perfection

📣 "Investors are not walking away from the AI story, but they are asking whether a sector priced for perfection can keep delivering perfection into earnings season." —Tickmill Group analyst Patrick Munnelly, on a global chip-stock slide triggered by a robust earnings update from Samsung Electronics.

Value Investing’s Comeback Is Just a Quirk (for Now)
The Wall Street Journal39d agoneutral
Value Investing’s Comeback Is Just a Quirk (for Now)

MARKETS AM NEWSLETTER Blowout results from Korean chip maker Samsung fell flat as investors got cold feet about sky-high prices for memory stocks. Tech stocks look set to open lower on the very day that SpaceX will appear in the most popular vehicle U.