Samsung Shares Plummet Amid Fears of Slowing Memory Chip Demand
South Korean technology giant Samsung Electronics Co. Ltd. delivered better-than-expected fourth-quarter revenue today, though it reported a sharp fall in operating profit as a result of higher research and development costs in its chip business. The company also warned investors that it’s likely to see only limited earnings growth in
Nvidia’s 10% Plunge Wrecks Chip Stocks to Worst Day Since 2020
Nvidia plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market cap and pulling chip stocks down with it. Intel fell almost 8%, Marvell slid 8.2%, and Broadcom lost about 6%. AMD dropped 7.8%, and Qualcomm fell nearly 7%. The VanEck Semiconductor ETF (SMH), an index that tracks