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Topic: memory-chips

Samsung Electronics' campus in Suwon, South Korea (file image)
Business
Tuesday, 7/7, 04:26 AM

Samsung Posts a Record Quarterly Profit on the AI Memory Boom, but Shares Slip

  • Samsung Electronics said its operating profit hit a record in the second quarter, driven by soaring prices for the memory chips that power artificial intelligence, in preliminary figures Korean media described as the highest quarterly profit ever booked by a listed company.
  • Its shares fell anyway, as investors questioned how long the boom can last.

In brief

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