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Samsung shares rise nearly 5% as profit seen jumping 8-fold on AI chip boom

Apr 07, 2026 02:35 UTC

Samsung Electronics forecast record first-quarter operating profit that came in far above analyst estimates on booming demand for AI memory chips..

  • Shares of Samsung Electronics rose as much as 4
  • 8% on Tuesday after the South Korean technology giant forecast record quarterly profit amid strong demand for artificial intelligence chips
  • Shares later pared gains to trade up 0

Shares of Samsung Electronics rose as much as 4.8% on Tuesday after the South Korean technology giant forecast record quarterly profit amid strong demand for artificial intelligence chips. Shares later pared gains to trade up 0.52%.In its preliminary earnings guidance, Samsung projected its operating profit for the January-March quarter to reach 57.2 trillion won ($37.8 billion), up more than eightfold from just 6.69 trillion won a year ago.That profit, if it comes to fruition, would represent a quarterly record — nearly three timesthe previous high— and would exceed estimates of 42.3 trillion

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