Samsung profit surges 19-fold on soaring AI chip demand

SK Hynix's US listing success highlights strong investor confidence in AI infrastructure growth, potentially easing future memory shortages. The post SK Hynix’s $28B US listing oversubscribed ahead of pricing, signaling massive appetite for AI chip plays appeared first on Crypto Briefing.

The 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 DeepSeek Develops Custom AI Chip as Nvidia (NVDA) Stock Falls 2% appeared on BitcoinEthereumNews.com. Key Takeaways DeepSeek is creating a proprietary AI semiconductor tailored for inference operations rather than training This strategic shift aims to decrease dependence on Nvidia and Huawei processors Nvidia stock declined approximately 2% during premarket hours following the announcement The semiconductor project remains in preliminary phases, with DeepSeek discreetly recruiting chip design specialists The company is simultaneously pursuing $7 billion in its inaugural external investment round According to three informed sources, Chinese artificial intelligence company DeepSeek has initiated development of a proprietary semiconductor. This processor is specifically engineered for inference tasks—the computational process that enables AI systems to generate outputs—as opposed to the resource-intensive training of new models. DeepSeek is reportedly developing its own AI chip,

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.

Talpins' investment in Micron highlights the growing influence of AI infrastructure on tech portfolios, impacting both AI and crypto sectors. The post Billionaire Jeffrey Talpins loads up on Micron as AI chip spending reshapes institutional portfolios appeared first on Crypto Briefing.

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.