AI chip boom lifts Samsung profits by 1,800%

It comes as demand for semiconductors continues to outstrip supplies, which has pushed up prices.

Samsung Record Shows Earnings Beats Often Trigger Profit-Taking - Bloomberg.com

Samsung Record Shows Earnings Beats Often Trigger Profit-Taking  Bloomberg.com

Samsung Made More Profit Last Quarter Than the Last Two Years Combined

The A.I. boom has propelled the South Korean tech giant’s earnings, but its shares sank as investors had even loftier expectations.

By Daisuke Wakabayashi and Jason Karaian

Samsung boasts third straight quarter of record profit on AI demand

High memory chip prices fuel April to June earnings

Samsung Electronics sees record preliminary 2Q profit but shares fall

Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom

South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle.

By Charles PELLEGRIN

Tough crowd for Samsung as record quarterly earnings brings out the sellers

Samsung Electronics shareholders proved a difficult audience to please.

By Jules Rimmer

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.

Samsung eyes record quarterly profit as AI memory boom drives chip sales

Seoul shares plummet nearly 5% on tech weakness

Seoul shares plummeted nearly 5 percent Tuesday as technology stocks extended losses after Samsung Electronics Co. released its preliminary second-quarter earnings estimate. The Korean won fell against the US dollar. After opening 1.6 percent lower, the benchmark Korea Composite Stock Price Index extended losses, falling 395.02 points, or 4.91 percent, to close at 7,656.31. Trade volume was heavy at 512.29 million shares worth 39.66 trillion won ($25.9 billion), with decliners outnumbering gaine

By The Korea Herald

Samsung’s soaring profit fails to lift shares after AI rally

Shares of Samsung have underperformed rival SK Hynix's, which is more focused on high-end memory geared for AI's computation needs.

Samsung estimates 19-fold rise in Q2 operating profit, beating expectations

Samsung's massive Q2 profit surge signals resilient AI demand, though stock stumbles

Priced Beyond Perfection: Samsung Electronics Tumbles As Soaring Profit Not Good Enough

Priced Beyond Perfection: Samsung Electronics Tumbles As Soaring Profit Not Good Enough The memory bubble appears to be rapidly deflating. After the semiconductor/memory sector was walloped in Monday US trading without any clear negative catalyst, the semiconductor-chasing world was eagerly waiting to hear what Samsung - the world’s largest memory maker - would report in its preliminary Q2 earnings report as investors sought to justify sky-high investments and valuations around ...

By Tyler Durden

AI chip boom lifts Samsung profits by 1,800%

South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips.

By Abubakar Ibrahim