Samsung posts record Q3 profit on AI chip boom
Samsung Electronics said third-quarter operating profit rose nearly ninefold to a record 107.4 trillion won ($80.04 billion), driven by robust demand for AI chips.
1. Record quarterly profit
Samsung Electronics reported operating profit of 107.4 trillion won ($80.04 billion) for July-to-September, in line with its estimate and up from 12.2 trillion won a year earlier.
2. AI demand concerns
Investors remained wary about the durability of AI spending. Strong earnings and an upbeat outlook from rival SK Hynix helped ease concerns that AI-driven chip earnings could lose momentum, driving up shares of both companies.
