Why Samsung’s Record Profit Failed to Impress Investors
Bloomberg Television·2026-07-07 13:23
Our top story today. The AI trade revival on Wall Street proves to be short lived as tech stocks in Asia under renewed selling pressure. Investors in the region increasingly rotating out of tech and into other sectors as they reassess the outlook.Chip giant Samsung failed to impress investors even after its preliminary results showed a 19 fold surge in quarterly profit. The sell off suggests that investors already priced in the solid earnings and are focused on the longer term memory cycle trajectory. Let's ...