Memory Stocks Slide as Trump Threatens 50% Tariffs on Canadian Autos, Steel in 2027: Stock Market Today
benzinga_article·- U.S. equities split on Monday as memory and optical-component stocks dragged the Nasdaq 100 down 1.0% and the S&P 500 slipped 0.1% to 7,664.26. - President Donald Trump threatened a 50% tariff on Canadian autos, trucks, and steel starting January 1, 2027, impacting related equities like Ford and Cleveland-Cliffs. - Meanwhile, gold rose 1.0% to $4,654.67 per ounce, and Bitcoin rallied past $79,000 amid upcoming inflation data and Federal Reserve speeches.Nvidia’s AI Servers Are About to Get Even More Expensive as Rising Memory Costs Push Prices Up More Than 15%: Report
benzinga_article·- Nvidia AI server prices are expected to increase by more than 15 % for systems shipped in early 2027. - The price hike affects platforms like Vera Rubin and Grace Blackwell due to surging memory costs and supply strain. - Major data center operators and server companies have reportedly informed customers about the upcoming adjustments.HSI Slips 544 pts at Midday as BABA-W Plunges ~10%, SMIC Dives 6%+; AI Large Model Stocks Pressured
AASTOCKS News·- The Hang Seng Index fell 544 pts or 2.09 % to close at 25,465 at midday, driven by widespread declines across major technology and chip stocks. - BABA-W plunged 9.76 % after planning a new share placement to raise HKD80 billion, while AI large model stocks faced heavy pressure following DeepSeek's API price adjustments. - Chip stocks experienced sharp sell-offs, with SMIC plummeting 6.62 % and HUA HONG GRACE tumbling 5.23 %.DJIA Futures Rebound Nearly 200 Pts, Bitcoin Surges 7%; Crypto Stocks Gain 6%-9% Pre-Market, Europe Shares Rise Broadly in Early Trading
AASTOCKS News·- Global financial markets showed mixed movements as US Treasury debt surpassed USD40 trillion and gold prices rose. - Bitcoin surged 7% to USD77,677 alongside gains in crypto stocks, while US stock index futures and major European markets advanced. - Samsung announced a historic shareholder return plan of up to USD79.52 billion, and Asian stock markets closed with mixed results.Jim Cramer Slams Data Center Reliance on Leveraged Retail-Driven SK Hynix, Samsung Stocks: 'Decided By Them, Not Us'
benzinga_article·- CNBC host Jim Cramer criticized the artificial intelligence data center supply chain's heavy reliance on South Korean chipmakers SK Hynix and Samsung, arguing their share prices are driven by leveraged retail investors. - Cramer's remarks followed SK Hynix's announcement of a 40 trillion won, or $29 billion, share buyback plan to restore market confidence amid recent volatility. - The analyst also pointed to Micron Technology as a domestic benchmark while memory sector peers turn to share repurchases to ease investor concerns over AI demand.