Finance

Although Samsung Electronics reported a 19-fold surge in quarterly operating profit, the results failed to meet heightened investor expectations for AI-driven growth. This sparked a significant selloff in major global chipmakers, including Micron, Nvidia, and Broadcom, as market participants reassessed the sustainability of current hardware valuations.

Space Exploration Technologies Corp. officially joined the Nasdaq 100 index today, a move that requires major index-tracking funds to purchase its shares. However, the stock faced immediate pressure in its debut session, falling more than 2% during early trading amid a broader downturn for growth-oriented equities.

U.S. Treasury yields climbed on Tuesday as hostilities near the Strait of Hormuz led to higher crude oil prices and renewed inflationary concerns. The 10-year yield reached approximately 4.51%, while the 30-year bond yield traded above the critical 5% threshold as investors awaited minutes from the Federal Reserve's recent meeting.