Samsung Electronics Co Ltd005930
Mentioned
Impact on stocks 2
Artificial Intelligence
Samsung Electronics Co LtdSemiconductors
Intel CorporationINTC
Mentioned
Samsung Electronics Co LtdIntel CorporationIntel shares fell nearly 9% on Tuesday as a broad semiconductor selloff intensified after Samsung Electronics reported stronger-than-expected preliminary quarterly profit, renewing concerns about AI-related valuations. Samsung shares dropped about 7% in South Korea, and the Nasdaq Composite lagged broader U.S. indexes as technology stocks came under pressure. Many investors viewed Samsung's results as already reflected in semiconductor valuations, and combined with ongoing uncertainty around economic growth and AI spending, the developments prompted renewed caution across the chip sector. Intel's decline also comes ahead of its second-quarter earnings report scheduled for July 23, with market participants watching whether its foundry expansion and data center business can translate into stronger financial performance amid intensifying competition in AI chips.
Samsung Electronics Co LtdIntel Corporation