Search results for iShares Semiconductor ETF
Industry
Market disappointed by Samsung Electronics results; U.S., Korean chip stocks fall
Selling spread across chip stocks on July 7 after assessments that Samsung Electronics’ results failed to meet Wall Street’s high expectations for AI demand. CNBC reported Samsung’s shares fell 8 percent despite forecasts for quarterly net profit to top Nvidia and Apple and operating profit to jump 1,800 percent. Investors judged that beating earnings was not enough for AI-related stocks, CNBC said. U.S. semiconductor names and a chip ETF also fell.
AI & Enterprise
Big Short\'s Michael Burry resumes Tesla short, targets Nvidia and semiconductor ETF
Investor Michael Burry, known as the real-life figure behind the film \'The Big Short\', disclosed a new short position in Tesla at $416.22 as part of a broader wager against what he called overheating in AI and semiconductors. He also listed shorts in Caterpillar, Nvidia, iShares Semiconductor ETF and Applied Materials. He did not disclose the size or structure of the Tesla position. Burry argued semiconductor valuations are at an extreme level.
Crypto
Bitcoin sentiment wavers, possible retest of $55,000
Demand for downside protection in the bitcoin options market has jumped to the highest level in a year, raising caution that bitcoin could retest $55,000. Bitcoin has failed to regain $61,000 since June 26, while markets view rising hedging demand and outflows from spot bitcoin exchange-traded funds as bearish signals. Strategy’s liquidity steps eased near-term worries but added supply concerns. U.S. equities improved as funds shifted toward semiconductor stocks.
