Samsung Anticipates Profit Jump After Incorporating AI

Investor Brand Network
Wednesday, July 10, 2024 at 3:05pm UTC

Samsung is currently the biggest maker of smartphones, memory chips and televisions. Over the last 12 months, optimism about artificial intelligence (AI) has seen the market rally for these chips grow, with NASDAQ and the S&P 500 hitting new records last week.

Recently, Samsung Electronics announced that it expected its profits from the second quarter of the year to rise by a…

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