Economic TimesLean R·
Samsung flags 19-fold jump in profit, but shares slump on jitters AI boom may stall
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 continued to climb, boosting Samsung's earnings considerably. Analysts noted that bonus provisions impacted the reported operating profit figures. Future growth depends on sustained AI infrastructure spending by major technology firms.
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