Samsung reports billions in record profit for Q2, thanks to AI boom

South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a day after crosstown rival SK Hynix also reported record earnings, as the world’s two largest memory chipmakers continue to ride the global artificial intelligence boom . Despite their soaring profits, the companies’ shares have fallen sharply this week in South Korea’s volatile stock market , where retail investors often drive sharp swin