Prof G Markets · Wednesday, July 8, 2026
The semiconductor market experienced a downturn, with the Nasdaq and S&P 500 closing lower, even as Samsung reported record-breaking earnings with revenues doubling and profits surging by 1800%. Investors appear concerned about the sustainability of growth in the chip sector.
“Samsung, which is up nearly 400% over the past year posted blowout earnings yesterday.”
“The company saw revenues more than double and profits increased by 1800%. And still, that wasn't enough to satisfy investors.”
“The stock fell 7% sending nearly the entire market down with it.”
“Chips have just gotten crushed. Over the course of the day, and if actually if we look at the semiconductor index over the past five days, it's down 11%.”