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Chip stocks slide as Broadcom boss warns of AI capex 'casino'
Financial Times·KR · US·about 3 hours ago
Despite record profits at Samsung and Micron, their stock valuations remain low relative to expected earnings, signaling market skepticism about profit durability. The divergence suggests either equities are undervalued or consensus profit forecasts are too optimistic, with cyclicality and oversupply concerns weighing on sentiment.
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