coin-img-BTCBTC+6.68%coin-img-SOLSOL+4.79%coin-img-XRPXRP+7.30%coin-img-ETHETH+2.69%coin-img-HYPEHYPE+3.18%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+3.44%coin-img-LINKLINK+7.86%coin-img-BTCBTC+6.68%coin-img-SOLSOL+4.79%coin-img-XRPXRP+7.30%coin-img-ETHETH+2.69%coin-img-HYPEHYPE+3.18%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+3.44%coin-img-LINKLINK+7.86%coin-img-BTCBTC+6.68%coin-img-SOLSOL+4.79%coin-img-XRPXRP+7.30%coin-img-ETHETH+2.69%coin-img-HYPEHYPE+3.18%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+3.44%coin-img-LINKLINK+7.86%coin-img-BTCBTC+6.68%coin-img-SOLSOL+4.79%coin-img-XRPXRP+7.30%coin-img-ETHETH+2.69%coin-img-HYPEHYPE+3.18%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+3.44%coin-img-LINKLINK+7.86%
user-avatar
Euronews.com

Samsung operating profit surges 1,814% in Q2 2024 as AI-driven chip boom lifts results

AI Market Summary
Samsung posted record Q2 results with operating profit surging on AI-server demand, higher memory prices, and increased shipments of high-bandwidth memory, underscoring strong earnings leverage to the AI hardware cycle. Management expects persistent memory undersupply into 2028 and cited long-term supply agreements with major data-center operators, supporting sector fundamentals. Near-term equity reaction may remain volatile given heavy capex plans and competitive risks.
Impact level
● Medium
Affected assets
NCSKSAMSUNG2USD/USDT+0.77%
AI Insight · NCSKSAMSUNG2USD/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Samsung Electronics reported its results for the second quarter of 2024, with operating profit reaching ₩89.5 trillion (about €5.4 billion), up 1,814% year on year. Operating profit from its semiconductor business came in at ₩89.2 trillion, 223 times the level a year earlier. Revenue rose to a record ₩171.5 trillion. Executives said the gap between chip supply and demand is expected to keep widening through 2028.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Stocks

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.