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via finance.yahoo.comTech & AI

Samsung forecasts 780% quarterly operating profit jump on AI boom

FROM THE WIRE · FINANCE.YAHOO.COM

The AI boom has helped Samsung and other semiconductor giants around the world post record profits (Jung Yeon-je) Samsung Electronics forecast Thursday a more than 780 percent leap in third-quarter operating profit from a year earlier, buoyed by high memory chip prices as AI…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishAI-driven global memory chip shortage drives Samsung to record quarterly operating profit, first Korean company to exceed 100 trillion won.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Samsung forecasts third-quarter operating profit leap of over 780% year-on-year to 107.4 trillion won ($80.1 billion).
  2. 02The world's largest memory chip maker benefits from huge demand for advanced chips used in AI data centres.
  3. 03Revenue expected to rise 127% to 195 trillion won, with both figures hitting all-time highs for the company.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Samsung Electronics Co., Ltd.005930.KOStock265,000.00 KRW-1.12%today -1.30%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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