Samsung Earnings Surge 1800% Triggers Chip Sell-Off
2026-07-07 20:48

Woofun AI reports that Samsung’s Q2 operating profit surged over 1800% year-on-year, yet semiconductor stocks weakened in pre-market trading as positive news was priced in. U.S. index futures showed mixed movements, with Nasdaq 100 futures down 0.9%. SpaceX officially joined the Nasdaq 100, drawing buy ratings from at least six brokerages including Morgan Stanley and Goldman Sachs, despite valuation concerns. BlackRock will launch a new ETF tracking the Nasdaq 100 Index to capture AI-driven market demand. Amazon is issuing $25 billion in bonds to fund artificial intelligence infrastructure.

Meanwhile, U.S. ADP nonfarm employment change fell to 21,000 for the week ending June 20th, down from 30,750.

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