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wn.com - 1 days ago

Samsung’s profit more than doubles as AI chip demand explodes

Samsung Electronics announced a powerful earnings rebound on Thursday, with its third-quarter operating profit more than doubling from the previous quarter as the company capitalized on voracious global demand for memory chips used in artificial intelligence servers. The results, which comfortably beat analyst estimates, signal a significant turnaround for the South Korean technology giant after a previous slump in its semiconductor business and sent its shares surging nearly 4% in early...


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