BIG TECH
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BIG TECH+17.9%, record
Kospi Jumps a Record 18% as Samsung, SK Hynix Soar
South Korea's benchmark index posted its largest single-day gain on record after Samsung Electronics and SK Hynix surged on renewed confidence in AI-chip demand, following Microsoft's blowout cloud earnings.
BIG TECH
Chip Rout Goes Global as Kioxia, SoftBank Slide in Asia
BIG TECH
Chip Rout Goes Global as Kioxia, SoftBank Slide in Asia
A third day of chip-stock selling spread to Asia, with Kioxia down nearly 8%, SoftBank off more than 6%, and Tokyo Electron down almost 5% after SK Hynix missed second-quarter estimates, even as Samsung posted a record quarter the same morning.
AI
Samsung Posts Record Profit, Shares Fall on AI Chip Boom
AI
Samsung Posts Record Profit, Shares Fall on AI Chip Boom
Samsung Electronics reported record second-quarter operating profit of roughly 89.5 trillion won on booming AI memory demand, yet shares fell as investors judged the blockbuster quarter already priced in after a near-150% year-to-date run.