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Samsung second-quarter operating profit soars 1,458% as AI demand remains strong; results top estimates

Samsung second-quarter operating profit soars 1,458% as AI demand remains strong; results top estimates

By Sheila Chiang, CNBC

Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand for its advanced memory chips that are crucial for artificial intelligence training remained strong.

Here are Samsung’s second-quarter results versus analysts’ average estimates according to LSEG.

More here >

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