South Korea’s stock market crash quickly took the shine off one of this year’s biggest AI success stories: the rise of Samsung Electronics and SK Hynix to the trillion-dollar club. Buoyed by the global artificial intelligence boom, both memory chip giants crossed the $1 trillion market capitalization threshold in May, as investors flocked to companies
Global stocks fell on Friday as investors soured on technology stocks and worried about a new surge in energy prices. AI companies have reported stellar profit growth in recent days, but they have also committed to spending hundreds of billions on building AI infrastructure, leading some investors to question whether they will ever see a
The stock market’s performance in the second quarter was historic on many levels. Major US indices posted their best returns since 2020. Semiconductors had their best quarter ever. But beneath the surface of the seemingly robust AI trade lurks a worrying divergence, a divergence that still has Wall Street strategists on edge. As chipmakers have
