Samsung’s stock rises on explosive operating profit growth

Samsung Electronics Co. Ltd. reported a 19-fold jump in operating profit for the first quarter, driven by runaway memory chip prices and robust artificial intelligence demand. The company posted total revenue of 171.5 trillion won (around $118.56 billion), confirming its earlier expectations.

Samsung’s stock rises on explosive operating profit growth By Mike WheatleySource: SiliconANGLE https://siliconangle.com Samsung Electronics Co. Ltd. today confirmed its earlier expectation that runaway memory chip prices will drive a massive 19-fold jump in operating profit, as robust artificial intelligence /glossary/artificial-intelligence demand continues to accelerate momentum in its semiconductor business. The company just announced its full first-quarter results, saying it delivered total revenue of 171.5 trillion won around $118.56 … The post Samsung’s stock rises on explosive operating profit growth https://siliconangle.com/2026/07/29/samsungs-stock-rises-explosive-operating-profit-growth/ appeared first on SiliconANGLE https://siliconangle.com . Get AI news in your inbox Daily digest of what matters in AI.