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Chip stocks slide as Samsung sell-off ripples into Intel and Lam Research; Cloudflare surges 8.6%

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StartupHub.ai

20h agoen

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StartupHub.aiChip stocks slide as Samsung sell-off ripples into Intel and Lam Research; Cloudflare surges 8.6%startuphub.ai
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Intel Corp. fell 9.7% and the SOXX dropped 5.1% on Tuesday as Samsung Electronics' blowout preliminary second-quarter results triggered profit-taking in Seoul that spread through US semiconductor stocks. Cloudflare surged 8.6% as investors rotated into enterprise software, recovering part of its May losses.

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