Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

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Source: CNBC
Published: 2026-04-30 10:02 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Financial Markets, Technology
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Snippet:
Samsung Electronics reported an over eight-fold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts' estimates, as demand for artificial intelligence servers and a memory chip shortage boosted earnings.
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