Samsung Reports Record Q2 Profit but Shares Drop Amid Concerns Over AI Demand
Samsung Electronics reported a record second-quarter operating profit of $58.44 billion, up nearly 19-fold from the previous year and exceeding its combined earnings over three years. However, investor concerns about the sustainability of the AI boom led to an $80+ billion drop in market value as shares fell by more than 6%. The decline was attributed to worries that U.S. tech giants may slow their infrastructure spending.