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Benzinga
Benzinga
Business
Radhika Anilkumar Nadig

Samsung Stock Jumps Over 6% In Seoul as AI Memory Business Delivers Record Profit: 'Supply Constraints' Expected to Continue

Samsung Memory Seoul SSNLF Artificial Intelligence Semiconductor SK Hynix
Modern,Office,Building,With,Large,Samsung,Sign,,Glass,Facade,,Blue

Samsung Electronics Co. Ltd.‘s (OTC:SSNLF) shares rose on Thursday after the chipmaker posted a record second-quarter operating profit as surging artificial intelligence memory demand boosted its semiconductor business, though higher component costs weighed on earnings in its mobile division.

Operating Profit Beat Estimates

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