South Korean giant Samsung announced that it expects a 19 card increase in its second quarter operating profit due to the strong course of artificial intelligence memory demand.
Investors are concerned about high chip prices. Recently, Apple had increased the prices of its Macbook and iPad products by 20 percent, citing high chip prices.
Samsung announced that it expects an operating profit of $58.4 billion (89.4 trillion won) in the April-June period. The company expects sales revenue of 171 trillion won.
South Korean stock exchange Kospi fell 8 percent due to the decline in Samsung shares, causing trading to be suspended! The stock market closed the day with a 4 percent decrease. Samsung shares closed the day with a decrease of 6.92 percent.
According to analysts, the sharp decline in the stock was due to the effect of investors “wanting to see that demand does not reach its peak.” Investors are losing confidence because peak demand means that current incomes can no longer exceed current incomes.
