U.S. stocks fall after weak Samsung earnings, Gary Black notes

U.S. stocks fall after weak Samsung earnings, Gary Black notes
U.S. stocks drop on Samsung results

Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks declined Tuesday, with the S&P 500 down 0.2% and the Nasdaq 100 off 1.0%.

He notes that investor disappointment with strong earnings from Samsung led to sharp drops in AI chip stocks, including Samsung falling 8%, SK Hynix down 7%, and MU losing 6%. Brent crude oil climbed 1.3% to $73 per barrel after an Iranian strike on a Qatari LNG tanker.

Gary Black has recently compared SPCX and NVDA valuations, noting investors pay 150x 2026 EV/EBITDA for SPCX while NVDA trades at 19x for the same year (link). He previously highlighted the SPCX IPO, which opened at $150 and rose to $164, drawing a comparison to META’s 2012 IPO performance (link). These earlier comments reflect his ongoing focus on notable moves and pricing in technology stocks.

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