WS #11575
Samsung's record 19x profit jump triggered a 5%+ stock decline and broad Asian tech selloff as investors rotated to value, with KOSPI down 4%. Microsoft announced 4,800 job cuts (2.1% of workforce), including significant Xbox reductions, as part of restructuring amid AI investment push.
Samsung Profit and Tech Rotation
Samsung's record 19x profit jump triggered a 5%+ stock decline and broad Asian tech selloff as investors rotated to value, with KOSPI down 4%.
Microsoft announced 4,800 job cuts (2.1% of workforce), including significant Xbox reductions, as part of restructuring amid AI investment push.