Tech Stocks in Bear Market, Samsung Earnings Miss
Major tech names are down 40–65% from highs, Samsung's chip profits missed estimates and its stock fell 6.4%, and Nasdaq futures dropped 1.6% — dragging crypto down with them.
What we know
An account on X listed major tech names in bear market territory: AppLovin (-65%), CoreWeave (-57%), Coinbase (-56%), Oracle (-50%), Circle (-44%), Robinhood (-40%). Samsung's Q3 chip op profit came in at 106.5T won vs. 108.45T est., sending its stock down 6.4%. Another account on X captured the mood: 'Why are my coins going down because of a bad Samsung earning?!' Nasdaq futures fell 1.6% and S&P 500 fell 0.5%.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.