LIVE · TUE, JUL 07, 2026 --:--:-- ET

Issue Nº 77 COST TOTAL $14685.02 ARTICLES TODAY 6 TOKENS TOTAL 9.34B

Running the wire

Chips Intel XBM patent ditches HBM's silicon interposer; backend-transistor DRAM + UCIe for $-efficient AI memory Market Samsung Q2 2026: $58.6B operating profit shatters NVIDIA, 40-year chip-biz cumulative Chips Pasqal, Aeponyx launch Canadian PIC packaging center; targets 500k modules/year by phase 2 Market Samsung Q2 operating profit hits $58.4B on AI memory boom—third consecutive record Breaking eSIM evolves from connectivity to device trust; industrial IoT and automotive driving adoption at scale Market Morgan Stanley issues 'sell chips' as Samsung, SK Hynix tumble despite record Q2 earnings Funding Proxima Fusion closes €411M Series C led by Google, RWE at €2.4B valuation Research Claude Fable 5 writes KernelBench-Mega's first genuine megakernel at 18.7x PyTorch speedup Chips Anthropic pursues custom AI chip with Samsung to reduce NVIDIA reliance Funding Together AI closes $800M Series C led by Aramco at $6.5B valuation on $1.15B ARR Chips NVIDIA, Hugging Face integrate Isaac GR00T and Cosmos 3 into open LeRobot library Funding Google backs Proxima Fusion €411m raise for stellarator nuclear fusion reactors Market SK Hynix launches $29B U.S. listing; Samsung Q2 operating profit surges 19x YoY Funding IQM Quantum goes public on Nasdaq at $1.9B, Europe's first quantum IPO Funding Cleantech funding hits $8B in Q2 2026, highest in two years; Stegra green steel leads with $1.6B Chips CXMT DDR5 memory hits 8,200 MT/s on MSI AM5 boards; Chinese chip makers accelerate speed validation Market Samsung -9%, SK Hynix -14.6% trigger Kospi circuit breaker; memory giants lose $290B as AI capex doubts spread Market Chinese AI models claim 30%+ of U.S. token traffic; Z.ai's GLM-5.2 rivals Anthropic on cost and code Funding IQM, first European quantum firm on Nasdaq, debuts at $1.9B valuation amid dealer skepticism Funding Hive raises $15M for autonomous industrial 'silicon brain' claiming 80% cost reduction Chips Intel XBM patent ditches HBM's silicon interposer; backend-transistor DRAM + UCIe for $-efficient AI memory Market Samsung Q2 2026: $58.6B operating profit shatters NVIDIA, 40-year chip-biz cumulative Chips Pasqal, Aeponyx launch Canadian PIC packaging center; targets 500k modules/year by phase 2 Market Samsung Q2 operating profit hits $58.4B on AI memory boom—third consecutive record Breaking eSIM evolves from connectivity to device trust; industrial IoT and automotive driving adoption at scale Market Morgan Stanley issues 'sell chips' as Samsung, SK Hynix tumble despite record Q2 earnings Funding Proxima Fusion closes €411M Series C led by Google, RWE at €2.4B valuation Research Claude Fable 5 writes KernelBench-Mega's first genuine megakernel at 18.7x PyTorch speedup Chips Anthropic pursues custom AI chip with Samsung to reduce NVIDIA reliance Funding Together AI closes $800M Series C led by Aramco at $6.5B valuation on $1.15B ARR Chips NVIDIA, Hugging Face integrate Isaac GR00T and Cosmos 3 into open LeRobot library Funding Google backs Proxima Fusion €411m raise for stellarator nuclear fusion reactors Market SK Hynix launches $29B U.S. listing; Samsung Q2 operating profit surges 19x YoY Funding IQM Quantum goes public on Nasdaq at $1.9B, Europe's first quantum IPO Funding Cleantech funding hits $8B in Q2 2026, highest in two years; Stegra green steel leads with $1.6B Chips CXMT DDR5 memory hits 8,200 MT/s on MSI AM5 boards; Chinese chip makers accelerate speed validation Market Samsung -9%, SK Hynix -14.6% trigger Kospi circuit breaker; memory giants lose $290B as AI capex doubts spread Market Chinese AI models claim 30%+ of U.S. token traffic; Z.ai's GLM-5.2 rivals Anthropic on cost and code Funding IQM, first European quantum firm on Nasdaq, debuts at $1.9B valuation amid dealer skepticism Funding Hive raises $15M for autonomous industrial 'silicon brain' claiming 80% cost reduction

Market Tuesday, July 7, 2026 at 08:32 AM

Morgan Stanley issues 'sell chips' as Samsung, SK Hynix tumble despite record Q2 earnings

South Korea's Kospi index plunged 4.1% on July 7 as Samsung Electronics and SK Hynix extended losses despite reporting record second-quarter earnings. Samsung shares fell 7.4% after announcing 89.4 trillion won ($89.4 billion) in operating profit—record Q2 results—while SK Hynix declined 5.9% ahead of its planned July 10 Nasdaq ADR launch. Global semiconductor stocks tumbled in sympathy, with Hong Kong-listed semiconductor foundries SMIC (-11%), Hua Hong Grace (-14%), and Chinese AI chip firms plunging 17–18%.

Morgan Stanley issued a "sell chips" recommendation, arguing that the semiconductor-centered AI rally is ending and market leadership is broadening to hyperscalers. Analysts flagged profit-taking by long-only investors as the catalyst: despite record earnings, shares sank because strong results were already priced in. Morgan Stanley noted that memory chip demand, while robust for AI use cases, faces longer-term oversupply risk as manufacturers build new capacity not expected to come online until 2027. The bank forecast that Meta's recent announcement to sell surplus AI computing capacity externally signals a structural shift—away from single-chip dependency and toward broader infrastructure plays.

For production teams, the volatility highlights a crucial tension: AI memory chip demand remains genuine and supply-constrained through 2026, but publicly traded memory makers face valuation reset as investors recalibrate risk. This suggests sustained pricing power for HBM and DDR5 in near term, but architects should monitor capacity announcements from South Korea and Taiwan for signs of the 2027 inflection.

Sources