Samsung's quarterly profit has surged due to increased memory demand, but the results fell short of investor expectations, leading to a selloff in AI chip stocks across global markets. Meanwhile, Amazon is re-entering the bond market, aiming to raise a minimum of $25 billion to support its AI infrastructure spending. In other developments, SpaceX has been added to the Nasdaq 100 Index as sell-side coverage of Elon Musk's company begins.
AISemiconductorsAmazon+1
AISemiconductorsAmazonSpaceX
AI Chip Selloff Impacts Global Markets as Samsung Reports Strong Quarterly Profit
Bloomberg Technology· Ed Ludlow· Wednesday, July 8, 2026
More Articles From This Day
Generative AIAI Solutions+2
Generative AIAI SolutionsMicrosoftProduct Launch
Microsoft Introduces Proprietary AI Solutions, Phasing Out OpenAI and Anthropic in Applications
Microsoft has begun replacing OpenAI and Anthropic technologies with its own artificial intelligence solutions in certain applications, aiming to enhance its software offerings. This strategic shift underscores Microsoft’s commitment to developing proprietary AI capabilities and reducing reliance on external partners. The move reflects growing competition in the AI sector as companies strive for greater control over their technologies.