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Samsung results trigger slump in Asian stocks, rotation to less loved sectors
Quarterly profit at the world’s largest memory chipmaker surged 19-fold on booming AI demand, but was just 6% above analyst estimates. | World News
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channelnewsasia.com
Samsung forecasts 19-fold jump in quarterly profit as AI demand fuels chip crunch
Samsung Electronics forecast a 19-fold jump in Q2 operating profit from a year earlier, as AI-driven demand continued to boost memory chip prices.
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Samsung forecasts record quarterly profit, beating estimates on AI memory demand
SEOUL, July 7 : Samsung Electronics on Tuesday forecast a 19-fold jump in second-quarter operating profit from a year earlier, its third consecutive quarter of record operating…
