Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff

Shares of Intel (NASDAQ:INTC) are down 10% successful Tuesday greeting trading to $110, portion Advanced Micro Devices (NASDAQ:AMD) banal is disconnected 8% to $508. The moves headdress a crisp reversal aft some names rallied Monday.

The declines are portion of a broader spot selloff triggered by Samsung Electronics' quarterly report. Equipment shaper Applied Materials (NASDAQ:AMAT) banal is starring the radical lower, down 10% to $532, and the iShares Semiconductor ETF (NASDAQ:SOXX) is disconnected 6% to $544.

Samsung's Record Beat Sparks a Sector Reset

Samsung Electronics reported preliminary Q2 2026 operating nett of astir $58 billion, a 19-fold leap from a twelvemonth earlier that bushed expert estimates. Yet, Samsung shares fell 7%, and arsenic overmuch arsenic 10% intraday successful Seoul, connected profit-taking aft a 150% tally this year, with Deutsche Bank flagging that the results were "only" 6% up of estimates.

That absorption bled into Intel, AMD, and Applied Materials during the U.S. session. The interest is whether these semiconductor and AI-adjacent companies tin prolong the elevated income and margins the marketplace has already priced in.

Intel banal had gained connected Monday connected continued momentum from an extended Apple (NASDAQ:AAPL) concern and a wide spot rebound, closing astatine $122.20. AMD banal closed Monday astatine $552.05 earlier today's reversal. Both names person staged tremendous 2026 runs into today's session.

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Why Applied Materials Stock Fell Fast

Applied Materials is bearing the brunt of the selloff due to the fact that its large customers see Samsung, SK Hynix, Micron, and Intel. That lawsuit premix leaves the instrumentality shaper highly exposed to representation and AI capex sentiment, truthful Applied Materials shares thin to merchantability disconnected rapidly erstwhile investors question the durability of that spending cycle.

Applied Materials banal had besides climbed sharply into the report, with shares much than doubling successful 2026 heading into today. CEO Gary Dickerson raised the full-year outlook successful May and guided the semiconductor instrumentality concern to turn much than 30% successful calendar 2026, which sets a precocious barroom for follow-through successful coming quarters.