First reported by Seoul Economic Daily
Samsung Operating Profit May Top 100 Trillion Won, Nearing Global No. 1
Samsung shares fall 7% despite record profit surge of 1,800% on AI spending concerns
By
Jenny Lee
10h ago· 2 min readenNews
Summary
Samsung Electronics reported a record preliminary second-quarter operating profit of 89.4 trillion won ($58.4 billion), an over 1,800% year-on-year jump, with revenue reaching 171 trillion won. Despite the record earnings, Samsung shares fell nearly 7% as investor concerns about capital expenditure (capex) spending and AI demand overshadowed the positive results.
Source
bskySamsung shares fall 7% despite record profit surge of 1,800% on AI spending concernscnbc.comKey quotes
· 3 pulledSamsung posts 1,800% jump in profit, but AI spending concerns spook investors
Samsung Electronics shares fell as concerns about spending and demand overshadowed record second-quarter earnings.
Shares closed nearly 7% lower Tuesday, even after it reported preliminary second-quarter operating profit of 89.4 trillion won ($58.4 billion)
Samsung Electronics shares fell even after record preliminary second-quarter profit as capex and demand concerns clouded the outlook.
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