00:01South Korean technology giant Samsung said on Tuesday it expects operating profit of about 51 billion euros for the April
00:10-June quarter, roughly 19 times the 2.7 billion euros it earned a year earlier, and more than it made
00:18in the previous three years combined.
00:20The extraordinary numbers reflect the same force reshaping the memory industry worldwide. The race to build AI data centers has
00:29pushed chip prices to record highs. The estimate beat Analyst's forecast, but far from celebrating the market sold. Samsung shares
00:38fell by over 10% before closing nearly 7% lower, whipping out around 100 billion dollars in the company's
00:45value.
00:46There was also blemish in numbers as revenue of 97.6 billion euros, though up to 129% year-on
00:55-year, came in slightly below forecast.
00:58Investors are increasingly asking whether the technology giant bankrolling the AI build-out can sustain their spending without piling up
01:08debt against a payoff that remains unproven, the worry behind last week's cheap sell-off across Asia.
01:17Investors are increasingly asking whether the technology giant bankrolls are not going to be able to pay for the price
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