Samsung's semiconductor arm posted an operating profit of 89.2 trillion won ($62 billion) in the June quarter, a more than 250-fold jump driven entirely by the AI memory crunch, Bloomberg reported. Th…
Samsung Electronics reported a record-breaking second-quarter operating profit of 89.5 trillion won ($61.98 billion), a 19-fold surge from a year earlier, driven by explosive demand for AI memory chip…
Samsung Electronics reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a more than 19-fold increase from a year earlier, driven by surging demand for AI m…
ChangXin Memory Technologies (CXMT) became mainland China's most valuable listed company after its shares surged over 500% on its Shanghai debut on Jul 29, pushing its market capitalization to 3.3 tri…
Chip stocks lost more than $1 trillion in value as a selloff hit AI companies, according to CNBC. The decline affected major players including SK Hynix, Samsung, and SoftBank.…
Wall Street closed sharply lower on Wednesday after the Federal Reserve held interest rates steady, with the Nasdaq 100 index dropping 2.1% and marking an 11% decline from its June record high as inve…
South Korean President Lee Jae Myung's government has launched an ambitious industrial policy strategy to promote semiconductors, AI infrastructure, robotics and other frontier industries, with combin…
South Korea's Kopsi index plunged over 40% from its June highs after chipmaker SK Hynix failed to impress investors despite a sixfold earnings increase, triggering two consecutive circuit breakers on …
Apple became the second company in history to reach a $5tn market value on Tuesday, touching $5.04tn, by refusing to heavily invest in AI while rivals like Alphabet, Amazon, Meta, and Microsoft spend …
SK Hynix reported record quarterly revenue of 79.32 trillion won and operating profit of 60.54 trillion won for the second quarter, both missing consensus estimates by roughly 5%, sending shares down …
Mark Cuban and Michael Burry warned that the AI boom is dangerously reliant on Nvidia, comparing its financing of customer purchases to the dot-com IPO bubble. Cuban said on X that Nvidia is acting as…
SK Hynix reported second-quarter 2026 revenues of ₩79.32 trillion ($54.54 billion), up 257% year-over-year, but missed revenue expectations, causing its stock to slump 9.6%. The company's operating pr…
More than $1 trillion in market capitalization was erased from global semiconductor and AI-hardware stocks between July 24 and July 29, with Nvidia, SK Hynix, Samsung Electronics and Micron accounting…
SK Hynix shares fell after the company said it expects capital expenditures to surge 50% this year to at least $31 billion, highlighting a broader rout in semiconductor stocks. All stocks in the Phila…
SK Hynix reported operating profit of 8.4 trillion won ($6.1 billion) for Q2 2026, a 557% year-over-year surge driven by HBM3E demand for NVIDIA AI accelerators, but shares slid 4% after the company g…
Wall Street futures point to a mixed open, with Nasdaq futures slightly negative after AI-related stocks fell earlier this week, while S&P 500 futures are flat and Dow futures are down 0.6%. Asian mar…
SK Hynix reported Q2 2026 revenue of 79.3 trillion won, operating profit up 557% year-over-year to 60.5 trillion won, and net profit of 93.9 trillion won, yet its stock dropped 10-15% in Seoul trading…
Samsung engineers are defecting to rival SK Hynix, demoralized by the $476,000 bonus SK Hynix is paying employees from record profits on HBM chips for Nvidia's AI accelerators. Meanwhile, OpenAI's rog…
Micron Technology CEO Sanjay Mehrotra sold $37.3 million worth of MU stock on July 24, days before South Korea's KOSPI index crashed nearly 11% on July 28, triggering a broad semiconductor sell-off. T…
China's ChangXin Memory Technologies (CXMT) raised US$9.8 billion in a Shanghai stock offering to expand DRAM production, sending shares of rivals SK Hynix and Micron Technology lower. The CXMT debut …