BitcoinEthereumNews·
The post Western Digital (WDC) Stock Plunges 9% Following Samsung Report Sparking Memory Chip Selloff appeared on BitcoinEthereumNews.com. Key Takeaways WDC shares tumbled approximately 9% on Tuesday, declining from $577.46 to roughly $528.93 following Samsung’s quarterly earnings release that sparked sector-wide profit-taking. Samsung posted a 19-times increase in operating profit, yet the announcement prompted investors to liquidate positions across memory stocks rather than rally the sector. Wall Street analysts continue expressing optimism with a “Moderate Buy” consensus rating, featuring recent price target increases from BofA ($732), Cantor Fitzgerald ($900), and Morgan Stanley ($650). The company’s most recent quarterly performance exceeded projections, delivering EPS of $2.72 compared to analyst forecasts of $2.39, while revenue climbed 45.5% versus the prior year. Investors are looking ahead to WDC’s anticipated earnings announcement on July 29, 2026, where analysts project EP
Read full articleSamsung's role in Nvidia's AI platform could tighten global NAND supply, potentially raising prices and impacting the tech supply chain. The post Samsung begins mass production of advanced storage drive for Nvidia’s Vera Rubin platform appeared first on Crypto Briefing.
Investor skepticism over AI spending sustainability could trigger broader market volatility, impacting tech and crypto sectors alike. The post Samsung posts 19x profit surge and still tanks, dragging US tech stocks down with it appeared first on Crypto Briefing.
The post Memory Chip Stocks Plunge Into Bear Territory: What’s Behind the Decline? appeared on BitcoinEthereumNews.com. Key Takeaways Leading memory chip manufacturers including Micron, Samsung, and SK Hynix have plummeted over 20% from recent peaks, officially entering bear market status Despite Samsung’s impressive 19-fold increase in operating profit, the stock faced heavy selling pressure The broader semiconductor industry has witnessed approximately $1.5 trillion in market capitalization evaporate since late June A total of 25 chip-related stocks have declined by at least 20% during this period The anticipated US debut of SK Hynix has transformed into a critical barometer for sector confidence The memory chip sector has officially crossed into bear market territory. Major players including Micron, Samsung, SK Hynix, and the Roundhill Memory ETF have all tumbled more than 20% below their latest closing peaks. Micron Technology, Inc., MU The dramatic downturn persisted despite Samsu
The post Intel (INTC) Stock Plunges Nearly 10% Following Samsung’s Q1 Earnings Report appeared on BitcoinEthereumNews.com. Key Takeaways Intel shares declined approximately 9% Tuesday amid widespread semiconductor sector weakness. Samsung’s preliminary quarterly results, despite beating expectations, sparked a sector-wide retreat as gains appeared already reflected in stock prices. The selloff reversed a 5% advance from Monday’s session following HSBC’s bullish target revision. Price increases on Xeon server chips and Core Ultra processors were insufficient to stem the decline. The company reports second-quarter results on July 23, with particular focus on foundry operations and data center performance. Intel shares experienced a steep decline Tuesday, surrendering nearly 9.5% as semiconductor stocks faced widespread selling pressure in the wake of Samsung Electronics’ quarterly financial disclosure. Intel Corp., INTC Samsung delivered preliminary quarterly profit figures that exceeded
The divergence between AI stocks and crypto suggests shifting investor sentiment, highlighting potential changes in market correlation dynamics. The post Bitcoin climbs while Micron and Samsung lead AI chip selloff appeared first on Crypto Briefing.
The post Glance And Samsung Partner To Bring AI-Assisted Shopping To The TV appeared on BitcoinEthereumNews.com. Glance and Samsung want to turn the TV into a source for inspiration, decoding style for consumers. COURTESY OF GLANCE Historically, selling through the TV has been a challenge. In the late 70’s, for example, Warner Cable introduced QUBE, an experimental two-way cable television system that enabled live interactivity. It never made it off the launch pad. Now, Glance and Samsung think they have the winning formula. The two companies formed a partnership to transform the living room screen into a personalized AI-powered shopping destination. The first-to-market agentic commerce experience will be available across millions of Samsung smart televisions in the United States. The integration, built on Glance’s proprietary AI platform, runs natively on Samsung’s first party operating system, called Tizen OS, turning the living room screen into a generative-AI-powered, interactive b
The post Samsung’s Q2 Profit Soars 19x as AI Memory Chip Demand Hits New High appeared on BitcoinEthereumNews.com. Samsung expects a 19-fold jump in Q2 operating profit to 89.4 trillion won. Revenue is projected to reach 171 trillion won, beating most market estimates. Despite record earnings, Samsung shares fell as investors questioned the AI boom. Samsung Electronics expects one of the strongest quarters in its history after demand for AI memory chips sent both sales and profits significantly higher. The South Korean chipmaker forecast second-quarter operating profit of 89.4 trillion won ($58.4 billion) for the April-June period, up nearly 19 times from the same quarter last year. The figure also exceeded market expectations, with analysts forecasting between 84.2 trillion won and 87.3 trillion won. Revenue is expected to reach 171 trillion won, a 129% increase from a year ago and above the consensus estimate of 169.2 trillion won, although slightly below some forecasts of 173.3 tril
The sell-the-news reaction to Samsung's earnings highlights market volatility and the challenges of sustaining high valuations amid tech sector shifts. The post US stock futures decline as Samsung’s record earnings trigger massive sell-the-news event appeared first on Crypto Briefing.
