FT AI·
High memory chip prices fuel April to June earnings
Read full articleThe divergence between AI stocks and crypto suggests shifting investor sentiment, highlighting potential changes in market correlation dynamics. The post Bitcoin climbs while Micron and Samsung lead AI chip selloff appeared first on Crypto Briefing.
The post Glance And Samsung Partner To Bring AI-Assisted Shopping To The TV appeared on BitcoinEthereumNews.com. Glance and Samsung want to turn the TV into a source for inspiration, decoding style for consumers. COURTESY OF GLANCE Historically, selling through the TV has been a challenge. In the late 70’s, for example, Warner Cable introduced QUBE, an experimental two-way cable television system that enabled live interactivity. It never made it off the launch pad. Now, Glance and Samsung think they have the winning formula. The two companies formed a partnership to transform the living room screen into a personalized AI-powered shopping destination. The first-to-market agentic commerce experience will be available across millions of Samsung smart televisions in the United States. The integration, built on Glance’s proprietary AI platform, runs natively on Samsung’s first party operating system, called Tizen OS, turning the living room screen into a generative-AI-powered, interactive b
The post Samsung’s Q2 Profit Soars 19x as AI Memory Chip Demand Hits New High appeared on BitcoinEthereumNews.com. Samsung expects a 19-fold jump in Q2 operating profit to 89.4 trillion won. Revenue is projected to reach 171 trillion won, beating most market estimates. Despite record earnings, Samsung shares fell as investors questioned the AI boom. Samsung Electronics expects one of the strongest quarters in its history after demand for AI memory chips sent both sales and profits significantly higher. The South Korean chipmaker forecast second-quarter operating profit of 89.4 trillion won ($58.4 billion) for the April-June period, up nearly 19 times from the same quarter last year. The figure also exceeded market expectations, with analysts forecasting between 84.2 trillion won and 87.3 trillion won. Revenue is expected to reach 171 trillion won, a 129% increase from a year ago and above the consensus estimate of 169.2 trillion won, although slightly below some forecasts of 173.3 tril
The sell-the-news reaction to Samsung's earnings highlights market volatility and the challenges of sustaining high valuations amid tech sector shifts. The post US stock futures decline as Samsung’s record earnings trigger massive sell-the-news event appeared first on Crypto Briefing.
South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle.
Samsung's profit surge highlights the transformative impact of AI on tech industries, signaling potential shifts in market dynamics and investment strategies. The post Samsung profits surge 1,800% amid AI chip boom, and crypto miners should be paying attention appeared first on Crypto Briefing.
The A.I. boom has propelled the South Korean tech giant’s earnings, but its shares sank as investors had even loftier expectations.
The profit-taking in Asian tech stocks signals a broader market correction, prompting a shift towards undervalued sectors amid valuation resets. The post Asian tech stocks slump as investors lock in profits after Samsung’s monster run appeared first on Crypto Briefing.
