Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom
South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage.
Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract.
Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle.
Samsung Profit Soars 1,800% on AI Boom
- Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom 📹 France 24 — · 6min
- Samsung loses over $100bn in market value despite record AI-driven profit 📹 Euronews — · 1min
- Seoul shares plummet nearly 5 pct on tech weakness UPI —
- Samsung chip division's single-year profits beat its past 40 years of profits, combined — Samsung passes Nvidia to become most profitable company in the world Tom's Hardware —
- Tough crowd for Samsung as record quarterly earnings brings out the sellers MarketWatch —