All articles tagged with #profit taking
Samsung Electronics posted a preliminary April–June operating profit around $58 billion, a 19-fold rise that topped expectations, but its shares fell as much as 10% in Seoul as investors booked profits after a sharp rally; peers like Micron, SanDisk and Western Digital also declined as the AI-chip rally cooled, underscoring concerns about whether the surge in demand and margins can be sustained in the memory/AI-chip space.
Investors pulled back from AI-driven tech stocks after a sharp rally, with Sandisk and Marvell among notable decliners and tech-focused ETFs slipping. Analysts say the move could be a mix of profit-taking and concerns that rapid AI infrastructure spending may lead to oversupply and weaker pricing, potentially weighing on returns even as AI demand remains robust in regions like Asia.
Stocks reversed a brief rally as chipmakers led a broad sell-off: the Nasdaq-100 fell about 4%, and the VanEck Semiconductor ETF dropped roughly 7% at one point, with Micron down ~4.3% and Broadcom about -1.3%. At 4 p.m. ET, the S&P 500 was down 0.26% and the Dow gained 0.2%, while the Nasdaq 100 fell ~1.1%. The Cboe VIX jumped around 10%, signaling rising volatility amid profit-taking after a long tech-led rally, with investors speculating about cash builds ahead of potential SpaceX stock trading.
Marvell Technology shares fell on Friday as traders booked profits after a sharp AI-driven rally that vaulted MRVL about 100% in under a month and neared a 52-week high, even as earnings beat and bullish AI-chip commentary underscored a strong long-term data-center narrative. Futures were modestly lower, and investors continue to weigh AI infrastructure demand against short-term profit-taking.
Jim Cramer warns that unrealized gains on high-flying stocks are just “paper gains” and urges investors to book profits early in 2026, moving a substantial portion of holdings into cash while still evaluating fundamentals. He cautions against holding moonshots with weak earnings or sales, but says not to sell everything. The idea is to trim positions and avoid chasing risk, using examples like IonQ and Trade Desk to illustrate how fundamentals can deteriorate even after big rallies as the market remains near all-time highs.
CNBC's Jim Cramer warns that speculative buying has surged early in 2026 and urges investors to lock in profits on parabolic, high-flying stocks. He recommends trimming positions in names with 50% year-to-date gains—especially those with little earnings or sales—and moving a large portion of gains to cash, calling it playing with the house money and noting the pattern resembles past froth in areas like quantum tech and crypto.
American Bitcoin (ABTC) experienced a 39% drop due to profit-taking by investors, despite reporting a significant turnaround with a net profit of $3.47 million and a 453% revenue increase, with co-founder Eric Trump attributing the sell-off to investors cashing in profits for the first time.
Asian stocks declined from record highs due to profit taking after recent tech rallies, amid weak US economic data and divergent Fed policy views, while the US dollar rose to a nine-month peak; markets remain cautious about future rate cuts and economic outlooks.
Major cryptocurrencies like Bitcoin, Dogecoin, and Cardano declined up to 5% due to profit-taking and waning momentum, with Bitcoin long-term investors increasing sales since June. Gold prices steadied after a pullback caused by China's end of tax rebates for gold retailers, but remain high for the year. The market shows signs of cautious trading amid macroeconomic factors and geopolitical tensions.
Gold prices remained near a record high, driven by geopolitical tensions and economic uncertainties, but experienced a slight decline due to technical overbought conditions and profit-taking after a rapid rally. The announcement of a potential hostage release between Israel and Hamas temporarily impacted haven demand, while central banks and investors continued to buy gold amid ongoing global risks.
Bitcoin recently hit a new high around $125,000, supported by institutional demand and macroeconomic factors, with some altcoins experiencing profit-taking. The overall market remains bullish, with stablecoin supply and ETF activity indicating potential for further gains, though long-term sellers are active near current levels. The market's next move hinges on whether Bitcoin can sustain its momentum and break past previous highs.
Bitcoin reached a new all-time high of $123,000, breaking key resistance levels and showing strong momentum, but signs of profit-taking, overbought indicators, and reversing open interest suggest a short-term pause or pullback may occur before the next move.
Bitcoin recently hit a record high above $123,000 but has since declined about 5% as investors lock in profits, with data showing $3.5 billion in gains booked in 24 hours. Despite the pullback, bullish sentiment remains, with options traders betting on further gains and legislative support expected in the US. Bitcoin has gained nearly 29% in 2025 and 44% over the past three months.
Bitcoin experienced a decline of up to 3.2% after reaching a record high above $123,000, as traders took profits following a strong rally driven by optimism over US digital asset legislation and a rally in risk assets, with the next support level at $114,000.
Bitcoin's market leverage has reached a yearly high, indicating increased risk appetite among traders, but the market remains healthy enough to potentially push higher. Key levels to watch are $103K and $111K, with significant unrealized profits of $1.2 trillion posing a risk of profit-taking. Macro headwinds like U.S. debt ceiling negotiations could also impact Bitcoin's rally.