Samsung Electronics' profits soared last quarter, but due to not surprising the market, it triggered a sell-off in global artificial intelligence (AI) and chip stocks. Analysts pointed out that this indicates that the threshold for stock price increases for TSMC and ASML when they announce their earnings next week has been raised.

On the 7th, Samsung Electronics announced an estimated operating profit for the last quarter that increased 18 times year-on-year, reaching a record high, with revenue also growing more than double. However, the stock price closed down 6.9% on the 7th, and the downward trend continued with a 1.2% drop during intraday trading on the 8th.

In fact, Samsung Electronics' profits slightly exceeded Wall Street's expectations, but after the company's stock price surged 382% over the past year, being "slightly better than" analysts' estimates seemed to provide investors with an excuse to take profits.

David Morrison, an analyst at Trade Nation, pointed out that despite Samsung Electronics' significant profit jump last quarter, investors are concerned that chip and AI stocks may find it difficult to maintain such high levels of sales and profits in the future.

Jordan Klein, an analyst at Mizuho Securities, bluntly stated that considering global semiconductor and momentum factors, Samsung's last quarter earnings report could be said to be below expectations, with a downward outlook, "this is what I call a momentum reversal."

In this environment, the threshold for stock price increases for TSMC and ASML when they announce their Q2 earnings next week has also been raised. Klein noted, "The thresholds for TSMC and ASML next week are very high, and the risk is undoubtedly that even if they exceed expectations and raise their forecasts, the stock prices could still decline."

TSMC is scheduled to hold its Q2 earnings call at 2 PM on the 16th, while ASML is set to announce its Q2 earnings at 1 PM on the 15th Taiwan time