KOSPI & Qualcomm

KOSPI: South Korea's KOSPI hit a new record, surging significantly due to strong performances from chipmakers like Samsung Electronics and SK Hynix.

Qualcomm: Qualcomm raised its revenue forecast and announced a new chip for data centers, contributing to the tech rally.

KOSPI: The KOSPI in South Korea plunged significantly due to the sell-off in AI-related shares, despite the country's plans for substantial investments in a computer chip manufacturing hub.

Qualcomm: Qualcomm upgraded its growth forecasts due to the acceleration of the AI era, indicating positive prospects for the company.

KOSPI: The KOSPI index rallied sharply, driven by the strong performance of South Korean semiconductor shares like Samsung Electronics and SK Hynix.

Qualcomm: Qualcomm's stock soared after it projected substantial sales from its data center business, indicating its expansion beyond smartphone chips into the AI market.

KOSPI: The KOSPI fell and halted trading due to a leverage-driven rout in South Korean chipmakers and doubts about debt-funded AI capital spending.

Qualcomm: Qualcomm's shares jumped due to an aggressive expansion into the AI data center market, ambitious long-term revenue targets, and a strategic supply agreement with Meta Platforms. The company also benefited from a Wells Fargo price target increase and positive market sentiment from the Iran peace deal.