Samsung: Eightfold profit jump surprises even optimists

The stock of Samsung Electronics has surged significantly after the company forecasted a substantial profit explosion. This is due to the consistently strong demand for chips used in artificial intelligence applications, which are currently among the most important growth drivers in the semiconductor market. At one point, the stock jumped by up to 4.8%, before the gains retracted somewhat to 1% during trading. Operating profit multiplies For the first quarter, Samsung predicts an operating profit of around 57.2 trillion won, which represents more...