Samsung Electronics, the South Korean tech giant, anticipates a dramatic rise in operating profit for the second quarter, propelled by higher chip prices amid the AI surge. The company’s latest results forecast, released today in its customary earnings outlook, projects a year-over-year increase of approximately 1,452% to about 10.4 trillion won, or roughly 7.54 billion USD and 6.97 billion EUR. Market observers had anticipated around 7.5 trillion won in operating profit, making the forecast notably higher than many local forecasts. Analysts link the expected surge to the continued price strength of DRAM and NAND Flash memory, which Samsung manufactures, driven by the momentum of artificial intelligence adoption. This figure also marks a 57.33% increase compared with the January–March period. [Source attribution: Samsung investor relations]
