AI Chip Market Volatility
Samsung profits surge on memory demand while Micron shares plunge, triggering mixed reactions across Indian and South Korean technology indices.
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- MARKETMU.O (MU.O)
▼ 3.02% close $931.00 from $960.00
- DATASamsung Q2 operating profit surges 18-fold on AI memory chip demand
The South Korean tech giant's record earnings underscore the accelerating monetization of artificial intelligence infrastructure, reversing a prolonged slump in the memory market.
- MARKETMU.O (MU.O)
▼ 4.25% close $976.63 from $1020.00
- MARKETNifty IT surges 4.5% as Infosys and Coforge lead sector rebound
Indian technology stocks staged a sharp reversal after four consecutive days of losses, with major names like Infosys and HCLTech posting gains of up to 6%.
- MARKETMicron plunges 11% as chip sector opens Q3 with sharp reversal
The memory maker's $138 billion wipeout signals profit-taking after a record second quarter, casting doubt on the sustainability of the AI-driven rally.
- MARKETMU.O (MU.O)
▼ 11.80% close $1020.00 from $1156.44
- MARKETMU.O (MU.O)
▼ 4.61% close $1133.50 from $1188.34
- DATASeoul stocks rally as Micron earnings lift Korean chipmakers
South Korean equities extended gains late Thursday morning, with the semiconductor sector leading the charge after US memory chipmaker Micron Technology reported better-than-expected earnings.