UMC Falls 14% in Pre-Market Trading, Global Chip Stocks Hit by Black Tuesday Sell-Off Amid AI Bubble Fears

Market Focus
Jul 28

On July 28, United Microelectronics fell 14% in pre-market trading. The decline came amid a sweeping global semiconductor sell-off as investors grew increasingly concerned about whether AI demand has been artificially inflated.

On the news front, global chip stocks suffered a massive rout, with South Korea's Kospi index plunging as much as 9.6% and triggering a 20-minute trading halt. Memory chip giants Samsung Electronics and SK Hynix both dropped over 11%. NVIDIA's new round of transactions exceeding $750 billion further fueled market fears of an AI bubble, with systematic selling pressure spreading across the entire semiconductor supply chain.

United Microelectronics had already accumulated a decline of over 18% in recent sessions. After rebounding 6.01% on July 27 following Intel's better-than-expected earnings, the stock came under renewed pressure. Within the Semiconductors sector, Micron Technology fell 4.92%, SK hynix fell 4.76%, Intel fell 4.11%, Advanced Micro Devices fell 4.1%, and NVIDIA fell 1.35%. United Microelectronics is scheduled to report quarterly earnings on July 29, with consensus expecting revenue growth of 9.28% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10