Samsung Results Trigger Stock Rotation to Less Loved Sectors
Asian tech stocks slumped as investors used Samsung Electronics Co.’s results to lock in profits on a stellar year-to-date chip rally, rotating into unloved sectors with cheaper valuations less prone to earnings shocks.
Samsung Profit Soars on AI Memory Boom
- Samsung says memory chip demand will drive 19-fold jump in its operating profit SiliconANGLE —
- Asian Equities Mostly Lower as AI-Led Rally Takes Breather Wall Street Journal —
- Samsung’s soaring profit fails to lift shares after AI rally The Japan Times —
- Samsung Electronics sees record preliminary 2Q profit but shares fall CNBC —
- Samsung’s Soaring Profit Fails to Lift Shares Bloomberg —