AM 08 Jul 26: Chipmakers nosedive, dragging US markets lower

Semiconductor stocks tumbled overnight, dragging US markets lower after disappointing earnings from Samsung and fresh concerns over Chinese AI chip developments rattled investors. Oil prices climbed as tensions in the Middle East escalated, while the Australian share market is poised to open lower. Plus, a look at the little-known company that's quietly become Japan's largest listed stock. James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.