Samsung Electronics signs $16.5 billion chip-supply contract; shares rise
The South Korean memory chipmaker did not name the counterparty. It did not immediately respond to a request for comment on the contract.
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Why Did Micron Stock Drop Today?
Key Points Samsung says the market for HBM memory for artificial intelligence (AI) functions is getting oversupplied. Samsung will cut prices on the most powerful HBM3E product in an attempt to win market share. Wells Fargo says this is bad news for Micron. 10 stocks we like better than Micron Technology › Shares of computer memory-maker Micron Technology (NASDAQ: MU) tumbled 5.2% through 11:25 a.m. ET Thursday -- but as far as I can tell, it wasn't anything Micron did to deserve this. Instead, it was Samsung that's to blame. What Samsung said about high-bandwidth memory (HBM) As WCCFTech reports this morning, Samsung has just announced it's lowering prices on HBM3E (that's "High Bandwidth Memory 3 Enhanced," currently the most capable kind of HBM memory, designed for use in artificial intelligence and machine learning). Samsung explained that on the one hand, it hasn't been able to win as much HBM business from Nvidia (NASDAQ: NVDA) as it would like, while on the other hand, the HBM market seems oversupplied right now. And the solution to both problems -- to help Samsung move product -- is to lower prices. Is Micron stock a sell? For Micron, this poses a problem -- because Micron also wants to sell HBM3E memory, and now Samsung has effectively declared a price war in the HBM market. In order to fight it, Micron will have to lower its own prices (hurting Micron's revenue and profit), or else it will lose market share to Samsung (also hurting Micron's revenue and profit!) And if that sounds like a lose-lose proposition for Micron, that's because it is. In a note on The Fly this morning, Wells Fargo warned that Samsung's action will "impact market prices," drying up much of the premium in prices between HBM3E and plain-vanilla DRAM memory, perhaps as early as H2 2025 (i.e., now). Priced at just 20x trailing earnings, Micron stock may not look too expensive. But if profits are about to dry up as Samsung's price cuts take hold, Micron stock could look expensive in a hurry. Savvy investors might want to sell before that happens. Should you invest $1,000 in Micron Technology right now? Before you buy stock in Micron Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Micron Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Wells Fargo is an advertising partner of Motley Fool Money. Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Why Did Micron Stock Drop Today? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
7 hours ago
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Hyundai Offers Killer 2026 Santa Fe Lease Deal for August
The 2026 Hyundai Santa Fe looks like the South Korean brand took a 2016 Land Rover LR4 and created its own, fresher, and more attractive version. Fully redesigned last year, the Santa Fe departs completely from its sleeker predecessor in favor of a more upright and boxy look. With sharply defined fender arches, distinctive H-pattern headlights and taillights reminiscent of Minecraft blocks, an extra-wide tailgate, and a confidently boxy silhouette, the Santa Fe delivered one of the boldest and most original designs in recent memory. It's now the brand's second best-selling SUV (behind the Tucson) and third best-selling vehicle (the Elantra takes the #2 spot). The competition in the midsize SUV segment is fierce, and the Santa Fe's bold design and airy cabin stand out in a field that's packed with competitors like the Honda CR-V, Toyota RAV4, Nissan Rogue, Subaru Forester, Kia Sorento, and Mazda CX-5. The fifth-generation Santa Fe is easily the boxiest in the set, and it's the only one to offer a standard third row. It has space galore, brilliant storage, cutting-edge in-car technology, and some of the best standard features in the industry. The August lease deal makes it even more appealing. August is a great time to get into a new Santa Fe SE with a lease deal at $349 per month for 36 months. $3,999 due at least signing, which includes the first $349 monthly payment and $3,650 capitalized cost reduction. No security deposit is required. Does not include registration, tax, title, license, processing or documentation fees, insurance, or any emission charge. The mileage limit is 10,000 miles per year. A $400 disposition fee is due at the end of the lease (except for CO, IN, IA, KS, ME, OK, SC, WI, WV, & WY, where the disposition fee is subject to the limitations of state laws). Not all lessees will qualify, and higher rates may apply for those with lower credit scores. Lease offer ends September 2, 2025. Learn more here. The Hyundai Santa Fe SE is the base model in the lineup. It features a 2.5-liter turbocharged four-cylinder engine that delivers 277 horsepower and 311 lb-ft of torque. It comes in front-wheel drive or optional all-wheel drive, using an 8-speed automatic transmission. EPA estimates are 20 city, 29 highway, and 24 combined with front wheel drive. All-wheel drive drops a smidge with 20, 28, and 23, respectively. Standard features on the SE include 18-inch alloy wheels, 235/60 R18 all-season tires, LED headlights and DRLs, LED taillights, automatic headlights, heated side mirrors, a handsfree smart liftgate with auto open, proximity key, power lumbar driver's seat, power folding rear seats, a 12.3-inch infotainment touchscreen with OTA updates, a 4.2-inch driver information display, wireless Apple CarPlay/Android Auto, and a proximity key with push button start. The robust set of standard safety features includes blind spot collision warning, rear cross-traffic avoidance assist, parking distance warning, forward collision avoidance assist with pedestrian/cyclist/junction turning detection, adaptive cruise control with stop & go, lane keeping assist, driver attention warning, safe exit assist, and lane following assist. The Santa Fe also earned the IIHS Top Safety Pick+ for 2025, a remarkable achievement given the rigorous testing and high standards required to earn the title. The Santa Fe's total passenger volume is 166.6 cubic feet, and the second row provides a truly spacious 42.3 inches of second-row legroom, while the third row offers 30 inches of legroom. The cargo area provides 14.6 cubic feet behind row three, 40.5 cubic feet of space behind the second row, and 79.6 cubic feet with the second and third rows folded flat. The 2026 Hyundai Santa Fe is one of the most original SUVs on the road today. It offers tremendous versatility with its lounge-like rear section and wide liftgate. Great standard features on the base model, such as a wireless device charger, adaptive cruise control, and a 12.3-inch color touchscreen, are great examples of how much value Hyundai bakes into its vehicles. With three rows of roomy seating, the Santa Fe can accommodate big families without any trouble, and it does so in style. The very affordable monthly lease payment makes it even more attractive in the month of August. Before signing the lease agreement, be aware of the costs due at signing, including taxes and registration fees, etc. Read the lease agreement carefully and inquire about potential additional costs at the dealership. *Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
10 hours ago
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Trump says he will fire lead official on economic data as stocks shudder
US President Donald Trump said he would fire the head of the agency charged with publishing some of America's most closely watched economic data, after a weaker-than-expected jobs report stoked further alarm about his tariff policies. His decision to move forward with plans to sharply raise tariffs on goods from countries around the world had already sent financial markets in the US shuddering. In the US, the three major indexes dropped, with the S&P falling 1.9% by mid-afternoon. That followed earlier sell-offs in Europe and Asia, as investors dumped shares of firms such as South Korean steel manufacturers and German truck-maker Daimler. Trump's plans leave most goods coming into the US facing new taxes of 10% to 50%, depending on their origin, and will lift tariff rates in the US to the highest levels in nearly a century. Trump says the measures will rebalance global trade and boost US manufacturing. But analysts say they will raise prices for businesses and consumers in the US and weigh on the US and global economies, as sales, hiring and investment slow. This week has revived fears about economic damage, as companies update investors on their costs and new data points to slowdown in the US. Employers in the US added just 73,000 jobs in July, according the monthly Labor Department report published on Friday. It also dramatically revised estimates of job growth in May and June, with far fewer gains than previously thought. "The economic data since the Liberation Day announcements did not reflect that sharp deterioration in economic activity, or at least not in obvious ways. This was the week that changed," analysts at Wells Fargo wrote on Friday. The revisions appeared to spur Trump to fire the commissioner of labor statistics, Erika McEntarfer, in a post on social media. "We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY," he wrote on social media, referring to the large revisions to the May and June jobs numbers. Trump also lashed out at Federal Reserve chairman Jerome Powell, whom he has angrily criticised in recent months. Shares in the US opened lower in the morning, with losses accelerating over the course of the afternoon. France's CAC 40 closed down 2.9%, while German's DAX fell 2.6%. In the UK, the FTSE fell 0.7%. Earlier the leading index in South Korea fell 3.8%, the Hang Seng index in Hong Kong dropped 1% and Japan's Nikkei fell 0.6%. When Trump first put forward his plans in April, shares in the US tumbled more than 10% in a week, the concerns spreading to the dollar and bond markets. The stock market recovered after he suspended some of the most drastic measures, leaving in place a less punishing, more expected 10% levy. In recent weeks, indexes in the US have been trading around all-time highs. "The reality is Trump got emboldened by the fact that markets came right back," Michael Gayed, portfolio manager for The Free Markets ETF told the BBC's Opening Bell. "Now he's going to try his luck again." The latest measures are less extreme than what Trump first put forward in April, when goods from key players in southeast Asia, such as Vietnam, were facing tariff rates of more than 40% and a tit-for-tat exchange with China drove US tariffs on its exports surge to at least 145%. But the tariffs still make for a radical change for the US, for decades a champion of free trade. The plans include a minimum 10% tax on most goods entering the US, with major trade partners, including the European Union, Japan, South Korea, Vietnam face tariffs in the range of 15% to 20%. Goods from China are set to facing new 30% levies, while exports from some other countries, including Switzerland and Laos face even higher duties. The changes, which are set to go into effect on 7 August, will lift the average tariff rate to roughly 18%, up from less than 2.5% as recently as January. Investors had been taking the impact of tariffs in stride, sending shares in the US and elsewhere to new highs in recent weeks. Mr Gayed said markets had become less sensitive to Trump's rapidly changing trade policies, but he saw risks ahead. "The more he just whips around policy, the more the markets will not care, but as the old saying goes, nothing matters 'til it matters and then it's the only thing that matters," he said.
