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Samsung Falls 7% on Disappointing AI Earnings, Prompting Capital Shift to Meta, Amazon and Google

Stocks AI Industry News

2026-07-08 02:10:36

According to CNBC's "Mad Money" host Jim Cramer, Samsung Electronics' stock fell 7% on Tuesday following earnings that failed to meet market expectations for AI memory demand growth, prompting a broader reassessment of the AI hardware supply chain. Micron, Samsung's key competitor in memory, declined 4.7% on the same day.

Cramer noted that capital is shifting from hardware suppliers toward major technology platforms. Amazon, Alphabet (Google), Meta Platforms, Apple, and Nvidia all attracted inflows on Tuesday, alongside enterprise software companies including Salesforce, Adobe, and ServiceNow.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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