Fundstrat's Tom Lee called the recent semiconductor selloff a buying opportunity, citing a rare Momentum Index signal that has marked every chip selloff bottom in three years. AMD shares rose 7% to $555.26, Intel climbed 5% to $116.14, and Broadcom added 2% to $396. Micron jumped 8% to $1,027.81, while NVIDIA fell 1% to $201.92 as traders rotated into laggards. Samsung posted preliminary second-quarter operating profit of roughly 89.4 trillion won, up about 19 times year over year, reframing the earlier selloff as profit-taking rather than a fundamental breakdown.
Samsung Electronics Co Ltd
Advanced Micro Devices Inc
Broadcom Inc
NVIDIA Corporation
Intel Corporation
Micron Technology Inc