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Samsung Stock Hits Three-Year High With Boost From AI
Samsung said it expects a 1,452% profit increase for the second quarter, causing shares to climb 2.24% to a high of 86,500 Korean won ($62.73). CNBC reports: Samsung issued guidance on Friday, saying operating profit for the April to June quarter is projected to be about 10.4 trillion won ($7.54 bi...
Samsung said it expects a 1,452% profit increase for the second quarter, causing shares to climb 2.24% to a high of 86,500 Korean won ($62.73). Its memory chips are commonly found in a wide range of consumer devices including smartphones and computers. So supply to Nvidia -- the qualification -- has been delayed," SK Kim, executive director of Daiwa Capital Markets, told CNBC's "Street Signs Asia" on Friday.
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