Business & Finance
Chip Stock Bulls Count on Samsung to Soothe AI Trade Jitters
Key Points
Chip Stock Bulls Count on Samsung to Soothe AI Trade Jitters A wild ride for global chip stocks in recent weeks has left investors looking for fresh validation of the artificial intelligence trade. Samsung Electronics Co. may provide just that on Tuesday.
Chip Stock Bulls Count on Samsung to Soothe AI Trade Jitters
A wild ride for global chip stocks in recent weeks has left investors looking for fresh validation of the artificial intelligence trade. Samsung Electronics Co. may provide just that on Tuesday.
The world’s largest memory chipmaker is projected to report preliminary operating profit of 84.3 trillion won ($55.1 billion) for the quarter ended June, according to an average of analysts’ estimates compiled by Bloomberg. This would mark an 18-fold jump from a year ago and dwarf the company’s profit for all of 2025. Revenue is forecast to surge 127% to a record 169 trillion won.