Reported 1 day ago
Samsung Electronics faced disappointing quarterly results, reporting an operating profit of 6.5 trillion won, below analyst expectations. Chiefly impacted by missteps in the competitive AI chip market, Samsung aims to recover lost ground, yet still grapples with weak demand in its conventional semiconductor business and intense competition from rivals like SK Hynix. Despite optimistic remarks from Nvidia's founder regarding Samsung's potential to resolve its technical issues, investors remain cautious about Samsung's ability to regain market share.
Source: YAHOO