AI spending fears erase billions despite Samsung's record quarterly profit growth

SEOUL, July 6 : Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI…

Samsung is expected to post a record profit as booming AI memory demand offsets concerns over rising bonus costs.

Samsung Electronics is poised to report an 18-fold increase in operating profit for Q2, driven by soaring AI-related memory demand and rising chip prices.

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

During a recent town hall meeting, Kim Yong-Kwan, President of Corporate Management, Strategy, and Operations for Samsung's Device Solutions division, said the company's profit in…

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.

AI-driven demand continued to boost memory chip prices. Read more at straitstimes.com. Read more at straitstimes.com.

SEOUL - Samsung Electronics' second-quarter profit hit a record high for a third consecutive quarter amid a soaring demand for semiconductors used in artificial intelligence (AI)…

South Korean technology giant Samsung Electronics forecast on Tuesday a roughly 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven…

LONDON, July 7 : Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the…

South Korean chipmaker plans to build more fabs to meet rising demand on AI boom

Samsung reported a significant profit jump, driven by strong AI chip demand. However, its stock declined amid concerns about the AI boom's durability. Memory chip prices…

Samsung's estimate would be the "largest quarterly operating profit in history", beating that of AI chip titan Nvidia, said Kim Dae-jong, a business administration professor at…

SEOUL - South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained…

Samsung's profit surged to $58 billion, driven by booming AI memory chip demand, exceeding analyst expectations significantly.

Samsung’s 1,800% profit surge fails to stop Asian tech sell-off as investors cash in AI gains and fret over lofty chip valuations and geopolitical risks.

Samsung's operating income soared to 89.4 trillion won ($58 billion) in Q2, driven by AI chip demand, yet shares dropped 3% in pre-market trading in Seoul.

South Korean chipmaker plans to build more fabs to meet rising demand on AI boom

Samsung Electronics projected another record-breaking earnings for the second quarter, Tuesday, forecasting an operating profit of 89.4 trillion wo...

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