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Tech Weakness Resumes After Samsung Misses Lofty AI Expectations

Tech Weakness Resumes After Samsung Misses Lofty AI Expectations
Bloomberg Markets Tuesday 07 July 2026, 11:40 UTC By Natalia Kniazhevich 1 min read
Key Points

Tech Weakness Resumes After Samsung Misses Lofty AI Expectations US stock futures pointed to renewed weakness in technology shares after Samsung Electronics Co.’s earnings failed to satisfy investors, renewing pressure on chipmakers across global markets. Nasdaq 100 futures fell about 1% as of 7:30 a.m. in New York, while S&P 500 contracts slipped 0.2%. The decline followed a selloff in Seoul, where Samsung shares tumbled as much as 10%, dragging down South Korea’s memory-chip makers and the...

Tech Weakness Resumes After Samsung Misses Lofty AI Expectations US stock futures pointed to renewed weakness in technology shares after Samsung Electronics Co.’s earnings failed to satisfy investors, renewing pressure on chipmakers across global markets. Nasdaq 100 futures fell about 1% as of 7:30 a.m. in New York, while S&P 500 contracts slipped 0.2%. The decline followed a selloff in Seoul, where Samsung shares tumbled as much as 10%, dragging down South Korea’s memory-chip makers and the Kospi Index after results that topped analyst estimates but fell short of elevated buy-side expectations.
Tech Weakness Resumes (ORG) Samsung (ORG) Lofty AI Expectations Tech Weakness Resumes (ORG) US (LOCATION) Samsung Electronics Co.’s (ORG) New York (LOCATION) Seoul (LOCATION) South Korea’s (LOCATION) Kospi (PERSON)
Originally published by Bloomberg Markets Read original →

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