How SK Hynix’s outlook sparked a global chip rout and fueled a software surge — Market Wrap Jul 29, 2026

7horns.ai Daily Briefing EN · Jul 29, 2026 · 2m

Today's AI insights from 7horns.ai highlight a turbulent market marked by a sharp semiconductor selloff and a strategic rotation into software stocks. The KOSPI plunged nearly 6% following SK Hynix's disappointing outlook, dragging down chip-related names like SanDisk (-14.25%) and Corning (-11.08%). Despite the rout, a pre-market bounce lifted SanDisk by 1.49% and Corning by 1.19%. Meanwhile, software giants Google and Microsoft advanced 2.19% and 1.09% respectively, benefiting from increased interest in AI adoption. Celestica also surged 10.04% on strong earnings, underscoring the sector…