Reported about 1 year ago
Samsung Electronics reported a 15-fold increase in profits for Q2 due to the rapid rise of artificial intelligence (AI) boosting the value of memory chips, leading to a surge in stock price to almost 87,000 Korean won, the highest in nearly 3 years. The semiconductor business is expected to contribute significantly to profits, with analysts citing growing demand for high-end DRAM chips for AI and data center servers.
Source: YAHOO