[BIG TECH]■ STORY TIMELINE
SAMSUNG Q2 PROFIT SURGES 19X ON AI CHIP DEMAND
Samsung Electronics reported Q2 operating profit of $58.44 billion, a 19-fold increase year-over-year and exceeding analyst estimates. Revenue climbed 129% to $111.7 billion, driven by sustained AI-driven demand for memory chips.
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Reuters: Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from a year earlier and above a ~$57.02B esti…