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SK Hynix’s ADR stumbled on its first day of U.S. trading, closing below its premium-priced IPO. The tepid reception raises questions about peak-cycle valuations in the AI-driven memory-chip boom.
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Samsung’s blowout earnings weren’t enough to satisfy the market, triggering a 7% drop in its stock and a 5% plunge in the Philadelphia Semiconductor Index as investors fret over AI spending.
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Samsung’s blowout earnings weren’t enough to satisfy the market, sparking a broad tech sell-off that rippled through global chip stocks. Apple shares held at $312.66 as U.S. markets were closed for the holiday.
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Jim Cramer says he’s “embarrassed” to have missed AMD’s June surge, but quickly pivoted to calling the stock a buy on the pullback. With AMD down 4.26% to $517.82, he sees a macro tailwind from a softening jobs report.