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The AI investment narrative encountered renewed skepticism on Tuesday as investors reduced exposure to semiconductor stocks despite continued evidence of strong industry demand.
Samsung Electronics (KRX: 005930) delivered what would ordinarily be considered an exceptional earnings update. The world's largest memory chipmaker projected a 19-fold increase in second-quarter operating profit, underscoring the powerful demand for high-bandwidth memory (HBM) chips used in AI data centers.
• Microsoft shares rose about 1.6% in pre-market trading to $393.06, up from a prior close of $386.74.
• NATO leaders are gathering in Ankara as European members face pressure to accelerate defense spending toward a 5 percent of GDP target.
• REGENXBIO shares rose about 2.5% in pre-market trading to $15.20, building on an approximately 11.7% gain in the prior session.
• The decline came on the company's debut day as a Nasdaq-100 index constituent.
• Vera Therapeutics shares rose about 4% in pre-market trading to $41.73, up from a prior close of $40.13.
• Crinetics shares surged approximately 100% in pre-market trading to $84.08, up from a prior close of $42.03.
• Brent crude rose 1.5 percent to 73.09 dollars a barrel while WTI advanced to 69.56 dollars, reaching a one-week high.
• Services PMI contracted 0.5 percentage points to 54.0 in June, marking the 24th straight month in expansion territory and signaling sustained yet decelerating sector growth.
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