Samsung posts record profit, but shares fall
South Korea's Samsung Electronics posted a record quarterly profit of $80.5 billion on Thursday, driven by heavy demand for AI chips. Even so, its shares fell as investors questioned how long the global tech boom can hold up. The gains were driven by AI memory chips.
ContextContext: AI companies are spending heavily on data centres, which need huge amounts of memory chips. Samsung and rival SK Hynix are major suppliers, so their fortunes often signal how long the AI spending wave will last.
Read at Economic Times: News
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