Samsung’s profit triples, beating estimates as AI chip demand fuels memory shortage
Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty ImagesSamsung Electronics reported an over threefold surge in fourth-quarter profits on Thursday, hitting a new record and beating analysts' estimates, as a memory chip shortage and strong demand for artificial intelligence servers lifted earnings.Shares of Samsung Electronics rose 2.58% at the open on Thursday before reversing course, falling 1.54% in morning trade.Here are ...
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