Samsung Profit Soars on AI Memory Boom

Despite the stellar results, Samsung’s shares slumped and the KOSPI index tumbled nearly 5%, as investors worried about the durability of the AI-driven chip boom.

The profit surpassed even Nvidia’s record, cementing Samsung’s dominance in the memory market.

Analysts cautioned that the cyclical nature of the semiconductor industry could lead to a correction.

The sell-off reflected broader anxiety about overvaluation in the tech sector.