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Technologies / Economy Economy

Samsung’s Record Profit Fails to Impress After AI Chip Rally

Source: bloombergMarkets July 7, 2026 · 09:59
Samsung’s Record Profit Fails to Impress After AI Chip Rally
Photo by Fotografia Lui Vlad · Pexels
From the publisher
For years, the Magnificent Seven tech giants commanded investors’ attention, dominating the S&P 500 Index and determining which way the overall stock market was headed. Those days are over. While the technology-heavy Nasdaq 100 Index is up 16% in 2026 and the S&P 500 has climbed 10%, an index of the Mag 7 has gained just 1.7%. Ed Ludlow, BTech Anchor, addresses the top tech stories, including the Mag 7 struggling to keep a hold on the markets and Samsung's profit failing to impress. (Source: Bloomberg)
About the source

Bloomberg Markets

Bloomberg Markets is a magazine published six times a year by Bloomberg L.P. as part of Bloomberg News. Aimed at global financial professionals, Bloomberg Markets publishes articles on the people and issues related to global financial markets. Bloomberg Markets, which is based in New York City, has readers in 147 countries. More than half of its readers live outside the U.S.

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