Samsung forecasts 19-fold profit surge as AI fuels chip demand, but shares slide on growth concerns

The South Korean chipmaker beat market estimates with a sharp rise in second-quarter earnings, though investors remained cautious about the long-term pace of AI-driven demand. Samsung Electronics expects its second-quarter operating profit to rise nearly 19-fold year-on-year, driven by strong demand for memory chips used in artificial intelligence (AI) data centres, even as its shares […]