Samsung quarterly operating profit up 1,800% on AI boom
Samsung Electronics
South Korean technology giant Samsung Electronics posted yesterday a massive 19-fold jump in second-quarter operating profit from last year, buoyed by frenzied demand for memory chips used in AI data centers.
Samsung and other leading memory chipmakers have seen profits skyrocket in 2026, but their share prices have proven volatile as investors question whether the artificial intelligence boom is over-hyped.
April-June operating profit came to 89.5 trillion won ($62 billion), up more than 1,800 percent year-on-year, Samsung said.
