Mentioned as a direct pressure point via AI-chip competition headline (DeepSeek) plus broader “chip stocks sell off” risk-off tone; likely to influence shares over the next several sessions rather than being a one-off.
LIVE Tech stocks live: Chip stocks sell off, SpaceX joins Nasdaq-100 Yahoo Finance Updated Tue, July 7, 2026 at 6:22 PM GMT+2 1 min read 005930. KS SPCX NVDA 000660. KS Tech stocks lost momentum on Tuesday as investors took profits in semiconductor names following a record quarter for Samsung ( 005930.
KS ). Shares in the memory chip giant fell by nearly 7% in Seoul after it delivered a 19-fold jump in operating profit . Despite Samsung's impressive results, the run-up in its profits and stock this year led to selling pressure as investors wondered whether the company could maintain such a high level of growth.
At the same time, Reuters reported Tuesday that China's DeepSeek is developing its own artificial intelligence chip, which put pressure on Nvidia ( NVDA ) shares. The chip trade will likely get another catalyst this week, as Samsung rival SK Hynix ( 000660. KS ) is scheduled to begin selling American depositary receipts (ADRs) soon, launching a US listing for the world's top supplier of high-bandwidth memory.
In other notable movers, SpaceX ( SPCX ) stock dipped at the open after joining the Nasdaq-100 index . SpaceX's fast-tracked inclusion in the index required mutual funds and exchange-traded funds that track it, such as Invesco's QQQ ( QQQ ), to buy the stock.
Oraklio AI Trading Intelligence
Oraklio turns news, price data, and market signals into structured BUY / SELL / NO_TRADE calls - updated continuously throughout the trading day.
Get started freeAlready have an account? Sign in →