WS #13133
Microsoft's blowout earnings (Azure +43%) triggered a record KOSPI rally (+17.91%) with SK Hynix +29.95% and Samsung +26.81%, validating AI capex and countering the AI-selloff narrative. Apple's stock falls ~9% on memory chip shortages and services miss, but Tim Cook confirms AI compute costs will be monetized via iCloud+ subscriptions, a new revenue stream. Reddit (RDDT) plunges on record on Google AI search threat, while Coinbase (COIN) falls 13.9% on Q2 miss; both are high-profile tech disappointments.
AI/Semiconductor Rebound
Microsoft's blowout earnings (Azure +43%) triggered a record KOSPI rally (+17.91%) with SK Hynix +29.95% and Samsung +26.81%, validating AI capex and countering the AI-selloff narrative.
Apple's stock falls ~9% on memory chip shortages and services miss, but Tim Cook confirms AI compute costs will be monetized via iCloud+ subscriptions, a new revenue stream.
Reddit (RDDT) plunges on record on Google AI search threat, while Coinbase (COIN) falls 13.9% on Q2 miss; both are high-profile tech disappointments.