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Dow Gains 83 Points to Record High as Dow Rotates Away from AI Chips — S&P 500 and Nasdaq Fall 0.2% and 0.7%

The Dow Jones Industrial Average rose 83 points, or 0.2%, to a fresh all-time intraday high, while the S&P 500 fell 0.2% and the Nasdaq Composite declined 0.7% as investors rotated out of semiconductor names following Samsung's disappointing revenue guidance. Micron fell 5%, the VanEck Semiconductor ETF dropped more than 3%, and chipmakers including KLA, Marvell, Broadcom, and AMD all declined. Gains in JPMorgan, Microsoft, Eli Lilly, and Walmart offset selling pressure in the broader market.

Foxconn Q2 2026 Revenue Hits $78.71B, Up 39.8% YoY — AI Server Division Nears Half of Total Sales as NVDA Supply Chain Signals Demand Holds

Foxconn posted Q2 2026 revenue of $78.71 billion, up 39.8% year-over-year and beating Reuters/LSEG estimates of $72.7 billion, as its cloud and networking division — which houses AI server production for Nvidia — approaches half of total company sales. June alone surged 52.1% year-over-year to a monthly record. Management guided for Q3 growth both sequentially and annually. The print directly lifts Nvidia sentiment and provides a key third-party validation of sustained AI infrastructure spending ahead of earnings season.

Samsung Q2 2026 Earnings Preview: Operating Profit Seen at 84.6–86 Trillion Won, Up 18x YoY — HBM Progress Is the Only Variable That Matters

Samsung Electronics releases preliminary Q2 2026 results Tuesday, with consensus operating profit forecasts ranging from 80 to 92 trillion won — a potential 18-fold year-over-year surge driven by a 44% rise in DRAM prices and 53% rise in NAND prices during the quarter. The result could briefly surpass Nvidia's Q1 profit of $53.54 billion. Samsung shares gained 4% on Monday to 325,000 won. Investors are focused less on the headline beat and more on HBM certification progress with Nvidia's Vera Rubin platform.

Comcast Sky Acquires ITV Media & Entertainment for Up to £1.6B — Combined Entity Controls 70%+ of UK TV Ad Market

Comcast's Sky has agreed to buy ITV's broadcast channels and ITVX streaming service for up to £1.6 billion ($2.13 billion), creating a combined entity that analysts estimate would control more than 70% of the UK television advertising market. ITV Studios — the production arm behind Love Island and Coronation Street — will be spun off as a standalone listed company. The deal arrives one week after Comcast outlined plans to spin off NBCUniversal, signaling an accelerating strategic pivot in global media consolidation.

Tech Stocks Rebound After Holiday with Nasdaq-100 Futures Up 1% — AI Chip Slide Pauses as SMH Gains 2.4% Pre-Market

Nasdaq-100 futures climbed 1% and S&P 500 contracts rose 0.4% Monday as technology stocks rebounded from a late-June AI chip pullback that had briefly wiped $1 trillion in semiconductor market value. The VanEck Semiconductor ETF rose 2.4% pre-market. Last week, the Dow gained 2%, the S&P 500 added 1.8%, and the Nasdaq rose 2.1%, capping the best quarter since 2020. Monday's advance is also supported by Foxconn's record Q2 revenue print and the SpaceX Nasdaq-100 inclusion mechanics.

SK Hynix Plans $29B Nasdaq ADR Listing on July 10 — HSBC Raises Price Target to 4 Million Won Ahead of Record Q2 Earnings

SK Hynix is scheduled to list its American depositary receipt on Nasdaq on July 10, targeting up to $29 billion in a deal that would give US investors direct access to the world's dominant high-bandwidth memory producer. HSBC raised its price target to 4 million won — a 20% premium above previous targets — citing improved shareholder returns and enhanced investor accessibility post-ADR. The company is expected to post Q2 operating profit of 64.44 trillion won on July 29, potentially its largest quarter ever.

June Jobs Report Adds Only 57,000 vs. 110,000 Expected — September Hike Odds Plunge to 50.7% as Labor Market Cools

The U.S. economy added just 57,000 jobs in June, barely half the 110,000 consensus forecast and the fewest in four months, according to the Bureau of Labor Statistics. Prior-month revisions subtracted a combined 74,000 positions. The unemployment rate fell to 4.2%, but only because the labor force participation rate dropped to a five-year low of 61.5%. CME FedWatch now shows a 50.7% probability of a September hike, down sharply from 62.8% before the release.

Tesla Falls 7.5% on Record Q2 2026 Deliveries of 480,126 — 'Buy the Rumor, Sell the Fact' as AI Pivot Overshadows Beat

Tesla delivered 480,126 vehicles in Q2 2026, up 25% year-over-year and roughly 74,000 above Wall Street's 406,024 consensus, marking its best-ever second quarter. Despite the record beat, shares fell 7.49% on Thursday — the stock's worst day in nearly a year — and have now declined on each of the past three quarterly delivery reports. Investors appear focused on Tesla's 204x forward P/E ratio and the Robotaxi and Optimus narrative rather than automotive fundamentals heading into July 22 earnings.

Anthropic Explores Samsung 2nm Foundry Deal for Custom AI Chip — Samsung Foundry Backlog Targets 50 Trillion Won

Anthropic is in early-stage talks with Samsung Electronics to manufacture a custom AI chip using Samsung Foundry's 2-nanometer process and advanced packaging technology, according to The Information. The deal would add Anthropic to Samsung Foundry's growing AI client list alongside Tesla, Meta, and Nvidia. The development pressures Nvidia's dominant position in AI inference and signals a broader industry shift toward proprietary ASIC alternatives, echoing OpenAI's recent Broadcom 'Jalapeño' inference chip announcement.