Micron shares dip as Samsung’s post-earnings selloff spreads to memory peers

Investing.com -- Micron Technology shares fell 2.6% following weaker results from rival Samsung Electronics, which reported earnings that missed analyst expectations despite posting record profits. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Samsung Electronics reported fourth-quarter net profit of 75.136 trillion won, falling short of the FactSet consensus estimate of 86.13 trillion won. The South Korean chipmaker's results marked its fourth consecutive quarter of record earnings, driven by AI-related semiconductor demand. Revenue more than doubled YoY to a record 195.253 trillion won, while operating profit increased nearly ninefold to 107.