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Samsung’s Record Profit Fails to Impress After AI Chip Rally
Posted
July 7, 2026
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July 7, 2026
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4:35Now PlayingFor years, the Magnificent Seven tech giants commanded investors’ attention, dominating the S&P 500 Index and determining which way the overall stock market was headed. Those days are over.
While the technology-heavy Nasdaq 100 Index is up 16% in 2026 and the S&P 500 has climbed 10%, an index of the Mag 7 has gained just 1.7%.
Ed Ludlow, BTech Anchor, addresses the top tech stories, including the Mag 7 struggling to keep a hold on the markets and Samsung's profit failing to impress.
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