Samsung Electronics forecasts 783% Q3 operating profit jump
Samsung Electronics projected a 783% year-on-year jump in third-quarter operating profit, citing strong memory earnings driven by AI chip demand and beating analysts' estimates.
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Samsung Q3 profit jumps nearly nine-fold as AI memory boom lifts chip earnings
Samsung Electronics KRX:005930 on Thursday projected a 783% jump in third-quarter operating profit from a year earlier, topping analysts' estimates as surging demand for artificial intelligence chips lifted memory earnings. The world's largest memory chipmaker said it estimated operating profit of…