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00:02Samsung Electronics' second-quarter operating profit beat analysts' estimates as strong AI demand fueled growth in its memory chip business,
00:09according to CNBC.
00:11Revenue reached $171.5 trillion, below expectations of $172.65 trillion, while operating profit totaled $89.5 trillion, above the
00:23$88.13 trillion estimate.
00:25Second-quarter operating profit surged 1,814% from a year earlier and more than 56% from the previous
00:33quarter, while revenue rose 130% annually and over 28% sequentially.
00:38Samsung said AI server demand drove record memory earnings, an all-time high DRAM and NAND sales.
00:45Shares were trading up 1.6% early Thursday.
