Samsung Profit Soars on AI Memory Boom

Samsung Electronics projected record second-quarter earnings with an operating profit of 89.4 trillion won, a 1,810% surge from a year earlier.

The company's revenue was estimated at 171 trillion won, driven by runaway demand for AI-related memory chips.

Despite the blockbuster forecast, Samsung shares fell as investors locked in profits from a stellar year-to-date chip rally.

The results triggered a broader rotation out of Asian tech stocks into less-loved sectors.