Were other companies in the sector affected?

Yes, Micron fell 6%, and Nvidia and AMD also declined by varying amounts.

Global AI Stocks Tumble After Samsung Update

Q: How much did Intel and Applied Materials lose?

Intel fell 4%, while Applied Materials and Lam Research lost about 5% each.

US chip stocks tumbled in premarket trading, extending a global selloff in AI-related shares after Samsung's quarterly update. Micron and Intel fell 6% and 4%, while Applied Materials and Lam Research lost about 5% each.

July 7, 2026

2 min read

Source: The Wall Street Journal

Key Numbers

INTC change

-4%

AMAT change

-5%

LRCX change

-5%

Micron change

-6%

US chip stocks traded sharply lower premarket on Wednesday, extending a global wobble in artificial intelligence-related shares following Samsung's quarterly update. According to The Wall Street Journal, Micron Technology and Intel fell around 6% and 4%, respectively, while Applied Materials and Lam Research—both major suppliers to Samsung—each lost about 5%.

Possible Causes

The selloff was triggered by Samsung's quarterly update, which raised concerns about memory chip demand for AI applications. While Samsung has not provided full details, early signals suggest a potential slowdown.

Context

AI stocks have experienced heightened volatility in recent weeks amid fears of overvaluation. This decline follows a strong rally, making it a natural correction in the eyes of some analysts.

Similar Moves in the Sector

Losses were not limited to the mentioned stocks; the broader semiconductor sector also declined. Shares of Nvidia and AMD fell by varying degrees, reflecting a widespread selloff.

Frequently Asked Questions

Due to Samsung's quarterly update that raised concerns about memory chip demand for AI applications.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.