Samsung Profit Soars on AI Memory Boom

Samsung Electronics projected record second-quarter earnings with an operating profit of 89.4 trillion won ($58.4 billion), 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.

The strong results helped ease market concerns about the sustainability of AI computing-capacity spending.

Analysts expect the boom to continue as data centres expand their infrastructure.