Samsung shares rise nearly 5% as profit seen jumping 8-fold on AI chip boom

Samsung Electronics has reported expectations for a record first-quarter operating profit, driven primarily by the robust demand for AI memory chips.

The anticipated profit increase is projected to be eightfold compared to previous periods, indicating a substantial shift in market dynamics.

In response to these forecasts, Samsung's share prices have risen nearly 5%, reflecting investor confidence in the company's strategic positioning within the AI chip sector.