Illustration of Samsung Electronics' record quarterly profit from AI chip demand
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Samsung projects record second-quarter profit of 89.4 trillion won

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Kiswahili

Samsung Electronics on July 7 projected a record second-quarter operating profit of 89.4 trillion won on sales of 171 trillion won, driven by strong demand for artificial intelligence chips.

Samsung Electronics estimated its April-June operating profit at 89.4 trillion won, up sharply from a year earlier and exceeding its first-quarter record of 57.23 trillion won. This marks a third straight quarter of record results.

The company noted that the figure includes about 20 trillion won in provisions for employee bonuses. Excluding those, operating profit would reach around 100 trillion won.

Seoul shares opened lower, with Samsung Electronics stock falling 5.6 percent and the KOSPI dropping 3.7 percent. The firm will release full results later this month.

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Initial reactions on X highlight Samsung's record Q2 profit projection driven by AI memory demand, with many noting the massive 19x YoY jump and beat on expectations. Some posts express surprise at the stock's decline despite the strong results, citing sell-the-news sentiment and a slight revenue miss. Discussions also compare Samsung to Nvidia and question sustainability of the AI boom. Diverse voices include investors, analysts, and news accounts focusing on the semiconductor sector impact.

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Illustration of Seoul stocks reaching record high led by Samsung gains amid AI optimism.
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Seoul shares close at record high on Samsung gains

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South Korean stocks closed at a fresh record high above 8,800 on Tuesday, led by gains at Samsung Electronics amid optimism over Artificial Intelligence.

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Seoul shares open 1.6 percent lower on tech losses

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Seoul shares opened lower on Tuesday after Samsung Electronics released its second-quarter earnings estimate, prompting profit-taking in tech stocks. The KOSPI fell 130.85 points, or 1.6 percent, to 7,920.48 at the open.

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