Samsung stock drops 6% even with 19-fold jump in Q2 profit outlook
Samsung Electronics saw its stock price slide by as much as 6% because its positive second-quarter profit guidance didn't ease investor worries regarding long-term expansion. The tech giant estimated an operating profit of 89.4 trillion won, which is roughly 19 times the amount reported during the same period last year. Market participants are still anxious that a potential slowdown in AI data centre development might reduce the need for memory chips, thereby impacting the current surge in AI-related semiconductor demand.
by shortkt.com✓