ChordNews
← All news

Samsung shares fall despite record third-quarter profit and bullish AI outlook

By ChordNews · First written (new coverage , updated )

Samsung sees AI chip shortage worsening, keeps investors in suspense on returns
Image: investing.com
Comments 0

Summary

Samsung Electronics reported third-quarter earnings on Thursday, and its shares slid despite a record third-quarter profit, according to CNBC. The Financial Times reported that quarterly profits for the world's largest memory-chip maker fell just short of analyst estimates and that its shares fell on a lack of detail about investor returns, despite a bullish outlook on AI spending. Investing.com reported that Samsung sees the AI chip shortage worsening but has kept investors in suspense about its returns. The reports do not give the size of the profit or confirm the full reasons for the share decline.

This continues an earlier story: Asian Chip and AI Stocks Rise as Anthropic IPO Filing Revives AI Trade

Timeline

  1. CNBC

    Source ↗

    CNBC reports that Samsung Electronics reported third-quarter earnings on Thursday and that its shares slid despite a record third-quarter profit.

  2. Financial Times

    Source ↗

    The Financial Times reports that third-quarter profits for the world's largest memory-chip maker fell just short of analyst estimates and that its shares fell on a lack of detail about investor returns, despite a bullish outlook on AI spending.

  3. Investing.com

    Source ↗

    Investing.com reports that Samsung sees the AI chip shortage worsening but keeps investors in suspense about its returns.

Comments

No comments yet.

    to like and comment.