US chip stocks falls after Samsung results spark fresh AI jitters

Seagate Technology Holdings

07/07/2026 10:18

** U.S. semiconductor shares fall premarket as Samsung Electronics' 005930.KS results spark AI jitters, overshadowing the South Korean memory-chip maker's 19-fold jump in operating profit
** Memory stocks down: Micron MU.O drop 4.9%, while Sandisk SNDK.O, Seagate Technology STX.O and Western Digital WDC.O down between 3.9% and 5.3%
** "Investors are increasingly showing nervousness at the pace of spending with AI and are viewing the tech space with more caution," said Dan Coatsworth, head of markets at AJ Bell
** Nvidia NVDA.O down 0.8%, Broadcom AVGO.O down 1.9%, Advanced Micro Devices AMD.O fall3.1%, while Intel INTC.O and Qualcomm QCOM.O drop 3% each
** VanEck Semiconductor ETF fall 2.2%, iShares Semiconductor ETF SOXX.O down 3% 
** Direxion Daily Semicondcutor Bear 3X ETF SOXS.P up 9.3% as chip stocks slide


 (Reporting by Joel Jose in Bengaluru)
 ((joeljose@thomsonreuters.com))