Samsung shares rise nearly 5% on record-breaking earnings forecast buoyed by AI chip demand
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Source: CNBC
Published: 2026-04-07 12:19 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: South Korea, Technology & AI, Financial Markets, Trade & Sanctions, Business & Economy, Technology
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Snippet:
Shares of Samsung Electronics rose as much as 4.8% on Tuesday after the South Korean technology giant forecast record quarterly profit amid strong demand for artificial intelligence chips. Shares later pared gains to trade up 0.52%.In its preliminary earnings guidance, Samsung projected its operating profit for the January-March quarter to reach 57.2 trillion won ($37.8 billion), up more than eightfold from just 6.69 trillion won a year ago.
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