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

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

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.

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…