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INTC, WDC, SNDK, AMD: Red-Hot AI Chip Stocks Lose Sheen In Samsung-Triggered Selloff

Yahoo Finance7/8/2026

INTC, WDC, SNDK, AMD: Red-Hot AI Chip Stocks Lose Sheen In Samsung-Triggered Selloff

High-flying chip stocks tumbled on Tuesday as investors took profits, tracking the selloff in Samsung Electronics shares despite the company’s blowout preliminary results. Samsung said its second-quarter operating profit is expected to rise 19-fold to 89.4 trillion won ($58.44 billion), and revenue to increase 129% to 171 trillion won – above analysts’ expectations on both counts. Still, Samsung shares in Seoul tumbled nearly 7% on Tuesday, pulling down rival SK Hynix and the broader Kospi, where the two tech giants carry significant weight. In the U.S., Intel stock dropped 9.7%, its steepest one-day drop in a month, to emerge as the biggest loser in the S&P 500 on Tuesday, while rival Advanced Micro Devices’ shares plunged 6.5%. Memory chip stocks Western Digital and SanDisk shed over 7% each, while Micron declined 4.7%. Shares of chip-making equipment firms KLA Corp and LAM Research also dropped around 7% each. Curiously, the Nvidia stock, which has underperformed lately, ended 0.7% higher. Tuesday’s selloff is also notable because major chip stocks had already been retreating for several days, raising concerns among investors that the AI trade may be losing steam and that a broader downturn could be underway. Semiconductor stocks continue to dip further below their 50-day moving average. (see chart). There are not many catalysts behind the pullback, although concerns about elevated valuations have been building in the background. Intel stock has tripled this year, while AMD is up 141% and SanDisk has risen a staggering 582%. The AI-driven rally has boosted shares of several smaller players, such as Marvell Technologies, LAM Research, and Nebius. “The AI trade is intact. Structurally nothing has changed,” Daniel Newman, CEO of The Futurum Group said in an X post. “A little profit taking on memory and infra names is healthy after these parabolic moves. It’s still very early and demand still well outstrips supply.”

EasyJet agrees to surprise takeover bid as rival US firm swoops in

EasyJet agrees to surprise takeover bid as rival US firm swoops in

Image source, Getty ImagesByNick EdserBusiness reporter Published10 July 2026, 07:30 BSTUpdated 2 hours agoNo-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from US firm Apollo Global Management - just days after accepting an offer from a rival suitor. The carrier said Apollo's offer delivered "a superior outcome" to investors than the previous bid from US investment firm Castlelake that EasyJet had also agreed to in principle at the weekend. EasyJet is one of Europe's largest airlines. It employs more than 19,000 people, and flies around 1,200 routes across 35 European countries. It was founded by Sir Stelios Haji-Ioannou in 1995 to offer cheap air fares to Europe and, together with other carriers such as Ryanair, has transformed UK air travel. Its first flights took off in November 1995 flying from Luton to Glasgow and Edinburgh, with its first international flights the following year. Sir Stelios and the Haji-Ioannou family still own about a 15% stake in the airline. EasyJet said Apollo's offer was worth £7.15 per share, compared with the £6.90 per share proposal from Castlelake which it said it was now "no longer minded" to accept. Castlelake declined to comment on the latest move. Analysts say EasyJet is an attractive target as it is profitable, has a large fleet of aircraft, and has take-off and landing slots at major airports such as Gatwick and Paris Charles de Gaulle. The most popular slots can be worth tens of millions of pounds when traded between airlines. Susannah Streeter, chief investment strategist at Wealth Club, said Apollo was focusing on EasyJet's potential. "While the carrier has been buffeted recently by higher fuel costs and geopolitical turbulence, it has built a resilient European network, a strong balance sheet and, crucially, a fast-growing holidays business. That's likely to be one of Apollo's biggest attractions." "Package holidays generate higher margins and more predictable revenues than airline tickets alone," she added. "For passengers, it's very much business as usual for now, with flights, bookings and loyalty schemes unaffected while any deal works its way through the regulatory process."

Far more real estate agents now report seeing a balanced market, CNBC Housing Market Survey finds

CNBC Finance7/7/2026

Far more real estate agents now report seeing a balanced market, CNBC Housing Market Survey finds

After several years of a lean and pricey housing market that largely favored sellers, buyers are finally regaining leverage and pulling the market back into balance. In the second quarter of the year, 44% of real estate agents surveyed in CNBC's Housing Market Survey said they were seeing a balanced market between buyer and seller. That share is up from 30% in the third quarter of last year, when CNBC began its quarterly survey. "It certainly feels like, depending on the home, depending on the neighborhood, depending on the condition and the price point, that both the buyer and the seller do have a little bit of leverage," said Jeremy Kane, a real estate agent with EXP Realty in Denver. The CNBC Housing Market Survey is a national inquiry of real estate agents selected randomly across the United States. Responses for the second-quarter survey were collected between June 23 and June 30. This quarter, 53 agents shared their insights. Home sales in May were up slightly, 3% higher than the same month last year, according to the National Association of Realtors. That was the result of more supply on the market and easing prices. Sellers appear to be getting more realistic when pricing their homes, not expecting the huge jumps seen in the first two years of the pandemic. "No one really seems to be fighting me much on price like they used to," said Bruce Jones, an agent with Compass in Nashville, Tennessee. "We're not really seeing huge decreases in prices. We've kind of plateaued, but I don't see people arguing too much about that. If it's priced correctly, it is moving." Agents who reported at least one price cut to active listings dropped dramatically in CNBC's second-quarter survey, at 57% compared with 89% during the third quarter of 2025. Home prices are still slightly higher than they were a year ago, up just under 1%, according to the S&P Cotality Case-Shiller national home price index. Sellers, however, seem to be pricing more to the market, resulting in fewer cuts. Asking prices in June were down 2.5% year over year, according to Realtor.com. That is the largest annual drop since the company began tracking this in 2017 and the eighth straight month of declines. "I always tell sellers that I'm in the business of selling homes, not storing them, and so you really need to put a property at the right price in order to get it sold," said Martha Thorn, an agent with Coldwell Banker in Tampa, Florida. CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox.

Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas

CNBC Finance7/6/2026

Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas

Toyota Motor on Monday announced that it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from a plant in Mexico to its San Antonio, Texas, manufacturing campus. The investment is expected to create 2,000 U.S. jobs at the facility, add a second vehicle assembly line and roughly double the size of the 2.7-million-square-foot plant by 2030, the automaker said. It will expand the plant's annual capacity from roughly 200,000 to 350,000 units, Toyota said. The announcement is part of Toyota's stated plans to invest up to $10 billion more than previously expected domestically in the U.S. through 2030. It comes less than a week after the Trump administration confirmed it would not extend its trilateral trade pact with Canada and Mexico, instead opting to conduct annual reviews. A Toyota spokeswoman said the company is "maintaining its operations in Mexico" as Tacoma production transfers from Tijuana to Texas over the next four years, but she declined to share additional details. The company plans to continue to produce Tacoma pickups at another Mexican plant in Guanajuato, she said. "This investment expands Toyota's manufacturing capacity and complements our broader North American production network," she said in an email to CNBC. The move comes more than six years after Toyota confirmed it would shift Tacoma production from the Texas plant to the Toyota Motor Manufacturing de Guanajuato plant in Mexico. The Texas plant currently produces the Toyota Tundra full-size pickup truck, including a hybrid variant, and the Toyota Sequoia SUV hybrid. Toyota previously announced it was investing $531 million in a 500-million-square-foot rear axle plant on the campus that is slated to begin production in the fall. Potential plans to expand the San Antonio plant, codenamed Project Orca, were first reported in May by Automotive News. "Toyota's continued investment in North America is a testament to our confidence in the region's workforce, innovation and long-term growth potential," Toyota Motor North America CEO Ted Ogawa said in a release. "By expanding our San Antonio plant, we are deepening our commitment to American manufacturing, creating meaningful and sustainable jobs, while advancing our mission to deliver high-quality vehicles that meet the changing needs of customers today and into the future." Toyota, which employs 48,000 people in the U.S., says it has invested $8.3 billion in the San Antonio plant since its groundbreaking in 2003. The increased investment and production capacity could assist Toyota — the world's largest automaker — in becoming the No. 1 carmaker in U.S. sales. Toyota is forecast to narrow the gap in U.S. sales with America's largest automaker, General Motors, this year as hybrids get more popular and all-electric vehicles sputter, according to Cox Automotive.

Klarna seeks U.S. bank charter in latest push beyond buy now, pay later

CNBC Finance7/6/2026

Klarna seeks U.S. bank charter in latest push beyond buy now, pay later

Klarna, the Swedish fintech firm best known for its buy now, pay later offerings, said Monday it applied to federal and state regulators to establish a U.S. bank subsidiary. The firm said that, if approved, Klarna Bank USA would be a Federal Deposit Insurance Corp.-backed institution chartered in Utah. The proposed bank would be led by Gary Harding, former CEO of Milestone Bank and Prime Alliance Bank, according to Klarna. "We've seen firsthand the appetite for a fairer, more transparent approach in the U.S., and our own banking license is the natural next step," said Sebastian Siemiatkowski, co-founder and CEO of Klarna. The move will give "customers tools to borrow responsibly and build financial confidence, while bringing greater competition, innovation, and choice" to the market, he said. Klarna's application is the latest sign that fintech firms, which mostly partner with U.S. banks to offer services, now see owning their own charters as a key advantage. In April, fintech provider Mercury said it won conditional approval to establish its own bank, joining a wave of fintech and crypto firms seeking entry to the traditional banking system. Klarna said that its charter, if approved, would let it bring its banking operations in-house and strengthen reliability across payments, credit and merchant services. The application marks Klarna's latest step toward becoming a broader consumer bank rather than just a buy now, pay later provider. Last month, Klarna introduced high-yield savings accounts to U.S. customers, though its partner WebBank holds those accounts. By owning a bank, fintech firms can fund loans with their own customer deposits instead of more expensive wholesale financing, directly offer checking accounts and credit cards and rely less on third-party banking partners. Klarna, which went public last September, is trading for about half of its initial public offering price of $40. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Man nearly sucked out of window mid-air on Ryanair plane, passengers say

Man nearly sucked out of window mid-air on Ryanair plane, passengers say

A man was nearly sucked head-first out of a cabin window in mid-air on a Ryanair plane, passengers have said. Tracking data shows the plane was in the air for about 10 minutes when it abruptly descended 9,000ft (2,700m), with passengers telling local media they heard "some kind of explosion". A Greek hospital official said a 61-year-old Serbian national was being treated for friction burns. "His wife held onto his legs for around five minutes to stop him from being sucked out," Michalis Giannakos said. In a statement, Ryanair said its Friday morning flight from the Greek city of Thessaloniki to Germany's Memmingen returned "shortly after take-off when a passenger window dislodged in flight". "The aircraft landed normally and passengers returned to the terminal. One passenger requested and received medical assistance on the ground in Thessaloniki," the Irish budget airline said. It added that "a replacement aircraft was arranged to bring passengers to Memmingen" several hours later. Passengers have told local media the man was left hanging head first out of the window as far as his shoulders before other passengers managed to pull him back inside. Those on board have also said the window was smashed by pieces of the jet's engine - although Ryanair has not commented on this. "We immediately realised there had been a decompression. There were screams... for a moment I thought someone had accidentally opened the emergency door," Christina, a fellow passenger, told Radio Thessaloniki. "The masks dropped and there was a strong smell. The head and shoulders of one passenger were outside the window. Fortunately, he hadn't taken off his seat belt." Another passenger, Sofia, told Radio Thessaloniki: "When the oxygen masks dropped, we had no idea what was going to happen. We didn't know whether we would make it back. We were sitting at the back of the aircraft, and we realised there had been some kind of explosion. "We thought the plane was going down. The decompression was extreme. It felt like we couldn't breathe. The man who was injured was bleeding and then lost consciousness several times, most likely because of the lack of oxygen and the shock," Sofia added.

Chip giant SK Hynix raises $26.5bn in mega US share sale

Chip giant SK Hynix raises $26.5bn in mega US share sale

South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US. The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 each. The shares are set to begin trading on Friday on the Nasdaq. SK Hynix saw its market value top $1tn in its home country in May, lifted by the boom in demand for AI chips. Its share price has more than tripled in South Korea this year, which along with Samsung Electronics has helped boost the benchmark Kospi index by more than 70% over the same period. SK Hynix is one of the world's leading memory chip makers. The industry has been given a major boost by the hundreds of billions being spent on AI. Shares in rivals Samsung Electronics and Micron have more than doubled in recent months. The US listing gives SK Hynix easier access to huge amounts of potential investment from the world's biggest economy, which has fewer barriers than South Korea, said Seoul National University finance professor Jaewon Choi. Traders are closely watching the listing as a "yardstick to test the water" for whether investor enthusiasm for memory chip makers will continue, Choi said. The AI boom has triggered a rush of companies raising money on the the stock market. In June, GrokAI owner SpaceX became the world's biggest ever listing as it raised $85.7bn. Meanwhile, AI developers Anthropic and OpenAI are preparing to go public, with valuations of more $1tn. Demand for SK Hynix's offering was reportedly over seven times more than the number of shares available, highlighting the strong investor appetite for a key company in the AI supply chain.