U.S. Tech Stocks Slide as Samsung Posts $58.4 Billion Profit and DeepSeek Chip News Spark Sell-off
U.S. technology and semiconductor stocks declined on Tuesday, extending a broader regional selloff after investors sold Samsung Electronics shares despite the company forecasting a 19-fold increase in second-quarter operating profit. Samsung projected a $58.4 billion operating profit on heightened demand for AI data center memory, a result that exceeded analyst estimates but failed to halt the decline.
The sell-off in South Korea spread to Wall Street, dragging down Micron, Advanced Micro Devices and Intel. The drop followed reports that DeepSeek is developing its own artificial intelligence processor, raising fresh concerns about the sustainability of the AI-driven chip rally. Broader market caution followed U.S. trading hours, with the S&P 500 retreating on concerns that capital-intensive memory cycles and shifting hardware demand are pricing out further upside for the sector.
From the sources (25 posts)
@jukan05*SAMSUNG ELECTRONICS REPORTED 2Q OPERATING PROFIT OF KRW 89 TRILLION.
@jukan052026.07.07 07:39:44 Company: Samsung Electronics (Market cap: KRW 1,859.1tn) A005930 Report title: Preliminary Earnings Based on Consolidated Financial Statements / Fair Disclosure Revenue: KRW 171.0tn (Consensus: KRW 173.0tn / -1%) Operati
@wallstengineSAMSUNG ELECTRONICS REPORTED Q2 OPERATING PROFIT OF ABOUT $57.6 BILLION, ABOVE THE ~$55.6 BILLION ESTIMATE.
@businessSamsung’s quarterly profit surged 19-fold, soaring past elevated expectations due to rocketing demand for memory chips needed in AI data centers
@negligible_cap*SAMSUNG 2Q OPER PROFIT 89.40T WON, EST. 84.2T WON Samsung’s quarterly profit up 19X YoY, beating estimates.
@stockmktnewzSamsung's quarterly profit has increased by 19x The world’s largest memory maker reported preliminary operating income of $58 billion in the three months through June, dwarfing its performance for all of 2025 Samsung is expected to releas
@beth_kindigSamsung’s HBM4 revenue has reportedly surpassed $1 billion, with revenue expected to exceed $1.2 billion through the end of June, per Yonhap, just four months after starting mass production in February. $MU $NVDA $AMD
@milkroadaiThe memory cycle is not going anywhere and Samsung's CEO just proved it with one sentence (Save this). "This year's profit alone will exceed the cumulative profit generated over the 40 years since Samsung entered the semiconductor business
@milkroadaiRT @MilkRoadAI: The memory cycle is not going anywhere and Samsung's CEO just proved it with one sentence (Save this). "This year's profit…
@techmemeSamsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from a year earlier and above a ~$57.02B estimate, and revenue up 129% YoY to ~$111.7B (Reuters) (Visit Techmeme dot com for the link and full context!)
@firstsquawkSamsung Electronics Q2 operating profit surges 1,810% to 89.4 trillion won.
@wallstengineSamsung Electronics prelim Q2 operating profit surged 19x YoY to ~$58.4B, above $55.3B consensus, on AI memory demand. However, prelim Q2 revenue came in slightly shy at ~$111.8B, vs $113.1B consensus, though still up 129% YoY. https://t.c
@jukan05OFFICIAL: SAMSUNG OVERTAKES NVIDIA TO BECOME THE MOST PROFITABLE COMPANY IN THE WORLD
@stocksavvyshaySamsung preliminary Q2 revenue came in slightly light at ~$112B versus ~$113B expected but still more than doubled YoY. Operating profit surged 19x YoY to ~$58B beating ~$55B consensus as AI memory demand continues to drive the cycle. http
@negligible_cap*SAMSUNG DROPS 4.5% IN PRE-MARKET ON NEXTRADE AFTER 2Q GUIDANCE Wonder what the bogey was? Could be in for an ugly night in Korea. SK Hynix down 3.5%
@zerohedge*SAMSUNG 2Q OPER PROFIT 89.40T WON, EST. 84.2T WON *LG ENERGY 2Q OPER PROFIT 113.3B WON, EST. 210.66B WON
@ftSamsung lifted to third straight quarter of record profit on AI demand
@zerohedge*SAMSUNG DROPS 4.5% IN PRE-MARKET ON NEXTRADE AFTER 2Q GUIDANCE
@polymarketmoneyBREAKING: Samsung has overtaken Nvidia to become the world’s most profitable company.
@bbcworldAI chip boom lifts Samsung profits by 1,800%
@firstsquawkSouth Korea’s KOSPI drops 2% in trading.
@dnystedtRT @wallstengine: SAMSUNG ELECTRONICS REPORTED Q2 OPERATING PROFIT OF ABOUT $57.6 BILLION, ABOVE THE ~$55.6 BILLION ESTIMATE.
@zerohedgePriced Beyond Perfection: Samsung Electronics Tumbles As Soaring Profit Not Good Enough
@mtsliveSITUATION DETECTED: Samsung’s quarterly profit jumped 19x to $58B on soaring demand for AI memory chips.
@zephyr_z9RT @jukan05: OFFICIAL: SAMSUNG OVERTAKES NVIDIA TO BECOME THE MOST PROFITABLE COMPANY IN THE WORLD