WS #11610
Samsung's record profit fails to impress; chip stocks slide (NVDA -1.6%, MU -5%, ASML -3.6%, SOXX -6.4%); DeepSeek developing own AI chip adds pressure. Microsoft cuts 4,800 jobs (2% of workforce), restructures Xbox, spins off studios; stock rises ~2% as market focuses on AI/cloud strategy. Amazon plans to raise at least $25B via bond sale to fund AI investments; proceeds for capex and debt repayment.
Semiconductor Selloff on AI Fatigue
Samsung's record profit fails to impress; chip stocks slide (NVDA -1.6%, MU -5%, ASML -3.6%, SOXX -6.4%); DeepSeek developing own AI chip adds pressure.
Microsoft cuts 4,800 jobs (2% of workforce), restructures Xbox, spins off studios; stock rises ~2% as market focuses on AI/cloud strategy.
Amazon plans to raise at least $25B via bond sale to fund AI investments; proceeds for capex and debt repayment.