Samsung posted a 19-fold profit increase to $58.4B, yet shares fell 6.9% in a massive sell-the-news event dragging US futures and chip stocks lower.

Analysts expect Samsung to report around 86 trillion won in Q2 operating profit, roughly 18 times last year, as AI memory prices surge.

Wall Street rose ahead of Samsung's Q2 earnings, with the chip giant projecting a record $56B operating profit driven by AI memory demand.