Chip stocks slump as Samsung tumbles 6.9%, pressuring AMD
AMD•Semiconductor peers fell after Samsung Electronics plunged 6.9% post-earnings miss, pulling Nasdaq-100 futures down 0.96% and dragging AMD lower. Pre-market declines saw Micron, SanDisk and Western Digital slide up to 1.5% while SK Hynix’s 6% drop briefly pushed the Kospi into bear-market territory.
1. Sector sell-off after Samsung earnings
A sharp 6.9% drop in Samsung Electronics stock after its Q2 earnings miss sparked a global semiconductor sell-off, pulling Nasdaq-100 futures down 0.96% and weighing on AMD shares.
2. Pre-market chip stock declines
Pre-market trading showed peers Micron, SanDisk and Western Digital sliding up to 1.5% while SK Hynix’s roughly 6% decline briefly pushed South Korea’s Kospi into bear-market territory.
