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AI Chip Stocks Cool After Samsung Earnings | US News
Stocks took a hit yesterday as tech-heavy indices dipped after Samsung’s earnings failed to dazzle AI-focused investors. The market’s rapid run-up in chip and AI stocks has sparked questions about whether these lofty valuations are sustainable. This isn’t the first wobble—investors have been shifting money amid the AI and semiconductor boom. Watch for another big test this Friday as SK Hynix debuts on Nasdaq, while SpaceX’s stock continues to stir. Oil prices edged up amid tensions in the Strait of Hormuz, and Fiserv may sell part of its payment business. The Fed’s meeting minutes are due…
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