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FORGOTTEN HISTORY: 6 - The Untold Story

AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in days

Aschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions…

The Economic Times

Apple CEO Tim Cook says the company is fighting 'a hundred-year flood' on memory pricing — expects to pay even more for memory in September following recent price hikes

Apple will pay even more for memory in the September quarter than it did in the June quarter, CEO Tim Cook told analysts on the company's earnings call.

Tom’s Hardware

Chipmakers Are Rebounding Sharply After a Rout. Samsung And SK Hynix Stocks Are Seeing Historical Gains

SK Hynix and Samsung saw their best day on record in South Korea on Friday as chipmakers rebound following a sharp rout.

International Business Times

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Explained: Why Kospi skyrocketed 18% today after massive selloff and what’s ahead for South Korea’s 'bipolar' stock market

South Korea’s Kospi jumped 18% on Friday as US tech earnings triggered a 28% surge in Samsung and SK Hynix. The sharp rebound follows a 40% crash driven by single-stock leveraged ETFs, drawing retail protests. Nomura targets 10,000-11,000 for Kospi, while Citi downgraded the market to neutral over volatility.

The Economic Times

Kospi’s mammoth 17% surge spells caution for Indian IT stocks. Why TCS, Infosys, others are down up to 5%

Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, global AI sentiment improved after Microsoft and Amazon reported strong cloud growth, while South Korean chipmakers Samsung and SK Hynix rallied sharply on robust results.

The Economic Times

Sensex rises 166 points, Nifty closes above 24,350; Bajaj twins, M&M among top gainers

Indian stock markets concluded Friday with gains for a third straight session. Benchmark indices Sensex and Nifty 50 closed higher, reflecting positive global sentiment. Bajaj Finance and Bajaj Finserv shares led the gains after strong quarterly earnings reports. Sectoral indices mostly traded higher, with Nifty IT being an exception. Analysts…

The Economic Times

SK Hynix Stock Soars 22%, Samsung Jumps 19% as Kospi Hits Trading Halt: Dow Futures Climb 151 Points

Asian stocks traded higher at the time of writing, led by a nearly 13% surge in South Korea’s KOSPI, while U.S. stock futures advanced and oil prices remained elevated.

Benzinga

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South Korea’s Kospi rockets 17% after massive 3-day selloff. What’s behind the surge?

The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly declines, as fears of mounting competition from Chinese memory chipmakers triggered heavy selling across semiconductor stocks.

The Economic Times

Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?

The market seems to be in a “rip up the script every day” kind of mode, Steve Sosnick of Interactive Brokers told Fortune. Unless that changes tomorrow.

Fortune

Samsung Says The AI Chip Boom Isn't Slowing. It Expects Supply To Stay Tight Until 2028

Samsung's latest results suggest the global race to build AI infrastructure is creating a longer-lasting memory shortage than many expected, with major cloud providers locking in multi-year supply agreements.

International Business Times

How to Play SK hynix Stock After Revenue Misses Expectations

Despite strong Q2 growth, SK hynix missed Street’s expectations, with the sell-off reflecting more than the miss.

Barchart

SanDisk Leads Memory Stock Rally — Here's What's Fueling the Bounce Back

Memory stocks are rallying Thursday, clawing back a chunk of Wednesday’s steep losses. Sandisk Corp. (NASDAQ:SNDK), Micron (NASDAQ:MU), Seagate (NASDAQ:STX), Western Digital (NASDAQ:WDC), SK Hynix Inc. (NASDAQ:SKHY) and the Roundhill Memory ETF (NASDAQ:DRAM) are all higher in early trading, reversing course after a sharp selloff a day earlier.

Benzinga

Gleefully counting its billions, Samsung cries warning of a 'severe' memory supply crisis next year

'Beyond 2029, it is hard to say because of more limited visibility'

PC Gamer

'Wait till payback time!': South Korean retail investors protest as govt apologises after Kospi crashes 40% in a month

Kospi skyrocketed over 122% since the beginning of the year to hit a lifetime high of 9,386 in June on the back of a global AI frenzy, before things began to go downhill. While South Korea’s stock market grabbed headlines as the world’s best-performing stock market this year so far,…

The Economic Times

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The Economic Times

Samsung sees chip shortage extending to 2028, touts long-term supply deals

Samsung Electronics announced a significant chip profit increase and new supply agreements. The company expects global chip shortages to worsen and continue until 2028. These multi-year deals are with major data center operators worldwide. Samsung's semiconductor unit saw a substantial operating profit surge in the second quarter. This performance highlights…

Benzinga

SK Hynix Slump Marks 'Short-Term Bottom' in AI Stocks Fueled by Forced Liquidations, Says Dan Niles

Tech investor Dan Niles says the severe drop in SK Hynix Inc. (NASDAQ:SKHY) shares and the broader semiconductor sector represents a “short-term bottom” for artificial intelligence (AI) stocks, attributing the violent selloff to “forced liquidations” rather than a fundamental industry crash.

Euronews

Samsung profit jumps 1,814% as South Korean tech giants benefit from global AI boom

Operating profit at Samsung’s semiconductor division rose to more than 220 times its year-earlier level. However, the company warned that memory chip shortages could worsen next year as AI infrastructure expands rapidly.

Benzinga

Samsung Stock Jumps Over 6% In Seoul as AI Memory Business Delivers Record Profit: 'Supply Constraints' Expected to Continue

Samsung Electronics Co. Ltd.‘s (OTC:SSNLF) shares rose on Thursday after the chipmaker posted a record second-quarter operating profit as surging artificial intelligence memory demand boosted its semiconductor business, though higher component costs weighed on earnings in its mobile division.

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The Independent UK

Samsung reports record profit as South Korean chip giants benefit from global AI boom

South Korean technology giant Samsung Electronics has reported a record operating profit of $62 billion for the April-June quarter

International Business Times UK

South Korea Stock Chaos: Investors Lay Funeral Wreaths After ETF Rout as KOSPI Wipes $2T, Minister Apologises

South Korea is reviewing single-stock leveraged ETFs after a sharp KOSPI sell-off prompted investor protests and a ministerial apology.

Kiplinger

Dow Drops 1,153 Points as Oil Pops on Fed Day: Stock Market Today

Fed Chair Kevin Warsh reassured markets about a resilient economy, but geopolitical uncertainty remains the major factor for most interested parties right now.

International Business Times

SK Hynix's Stock Has Been Plummeting. Short Sellers Are Piling Up

The ADRs of South Korean chipmaker SK Hynix have been falling over the past weeks amid a broader rout in the sector. Short sellers have been piling up bets against the company.

MarketBeat

Why SK hynix Could Be the Best AI Chip Stock to Buy Now

SK hynix's Q2 revenue missed estimates, but analysts remain bullish on HBM demand, margin gains, and an NVIDIA deal, citing significant upside for the stock.

MarketBeat

Broadcom’s $200 Billion Samsung Deal Shows How Costly the AI Memory Race Has Become

Broadcom and Samsung signed a five-year, $200 billion deal for memory chips, including HBM, and potential advanced packaging collaboration to support Broadcom's AI accelerator growth.

PC Gamer

RAM prices be damned, SK hynix's record-breaking $55.6 billion quarter still failed to meet investors' wild AI expectations

But is the runaway train actually slowing down?

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Leopold Aschenbrenner

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