Samsung Posts Record Third-Quarter Profit as AI Memory Demand Surges
Samsung Electronics reported operating profit of 107.4 trillion won, up from 12.2 trillion won a year earlier, as AI memory demand lifted its semiconductor business. Its stock fell after investors viewed its outlook as less aggressive than SK Hynix's.
Samsung (SSNLF) Electronics posted a record third-quarter profit as the AI memory boom lifted its semiconductor business, but the stock still fell after investors found its outlook less aggressive than rival SK Hynix.Operating profit surged to 107.4 trillion won, up from 12.2 trillion won a year ea…