BusinessSamsung Q3 Profit to Jump Nine-Fold Amid AI Demand
Samsung Electronics is expected to report a nearly nine-fold increase in third-quarter operating profit to 106.1 trillion won ($79.1 billion), driven by strong AI demand. Despite an 8% cut in analyst forecasts since August and slowing memory chip price gains, this marks Samsung's fourth consecutive quarter of record profits amid a prolonged chip shortage expected to last through 2028. Concerns remain about chip margin sustainability.
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