technology
Semiconductor Stocks Fall After Reports of In-House AI Chip Development
Micron, AMD, and Intel shares declined following reports that a Chinese AI firm is developing its own chip. The move comes even as Samsung reported a sharp profit increase.
Jul 7, 5:06 PM·1m read2 sources
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Shares of several semiconductor companies declined after reports indicated that DeepSeek is developing its own AI chip. The reports prompted selling in the sector despite separate news that Samsung recorded a 19-fold increase in profit.
Trading activity focused on companies that supply components used in AI systems. Volume increased as investors adjusted positions following the reports.
Samsung's profit figure was released around the same time as the DeepSeek reports. The two developments occurred on the same trading day.
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These outlets didn't split into competing frames — coverage was uniform.
CorroborationModerate · 2 sources
