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Samsung Soars on AI Chip Demand | Global News
Description
Samsung is dominating the AI chip race, forecasting an 1800% profit surge and a record-breaking 89 trillion won in Q2 revenue—its third straight record quarter. Fueling this boom is skyrocketing global demand for AI memory chips, with Samsung supplying major players like Nvidia and Google, driving up prices and stock values. Samsung’s shares have more than doubled this year, while rival SK Hynix’s have jumped over 200%, as investors bet big on the AI-driven semiconductor revolution. The company’s full report is coming later this month, but the momentum is undeniable—AI isn’t just hype; it’s reshaping global tech and finance.
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