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MU, TSM Stocks Dip Overnight As Samsung Forecasts Record $80B Operating Profit In Q3
Stocktwits ·
Stocktwits reports: Samsung Electronics’ record third-quarter forecasts weighed on shares of competitors Micron Technology (MU) and Taiwan Semiconductor Manufacturing early Thursday, even as TSMC posted healthy sales growth for September. Samsung projected its quarterly operating profit for July through September would top 100 trillion won, a world first for a technology company. The company said operating profit is likely to be 107.4 trillion won, equivalent to $80.18 billion. Samsung…