Market News / Story
Samsung Made $80 Billion. Shares Fell.
GuruFocus ·
GuruFocus reports: Samsung Electronics Co. (SSNLF, Financials), the electronics and memory-chip giant, expects an extraordinary third quarter. Investors still wanted more. Samsung projected operating profit of 107.4 trillion won, or roughly $80.2 billion, representing a nearly ninefold increase from a year earlier and slightly exceeding market expectations. AI is doing much of the heavy lifting. Demand for memory used in AI infrastructure has tightened supplies and supported stronger…