The stock fell 7%, sending nearly the entire market down with it. Samsung, which is up nearly 400% over the past year, somehow spooked the market. It's a beat on pretty much all fronts. And yet, now's the time that investors say, 'we're out. This has gone too far.
"profits increased by 1800% and still, that wasn't enough to satisfy investors. The stock fell 7%, sending nearly the entire market down with it. Samsung, which is up nearly 400% over the past year, somehow spooked the market. It's a beat on pretty much all fronts. And yet now's the time that investors say, we're out, this has gone too far. I think you're going to need micron level of blowout to really impress the market at this point with the current kind of valuation metrics in the space. If there's anything that feels like a miss to have these kind of nasty downward moves, I expect it to just in general be a very volatile earnings season for the sector."
💬 Discussion
The stock fell 7%, sending nearly the entire market down with it. Samsung, which is up nearly 400% over the past year, somehow spooked the market. It's a beat on pretty much all fronts. And yet, now's the time that investors say, 'we're out. This has gone too far.
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