In TrendsStock MarketRBI MPC Meeting LIVERBI Repo Rate NewsNifty OutlookGold and Silver PricesAsian StocksPM-KISANSamsung projects $80 billion profit on AI boom, highest quarterly for any tech companySamsung Electronics projected a record quarterly profit of 107.4 trillion won, driven by a surge in AI memory chip demand.By Reuters October 8, 2026, 6:28:44 AM IST (Published)Samsung Electronics on Thursday projected quarterly profit would top 100 trillion won, a world first for a technology company, and estimated a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.The world's largest memory chipmaker estimated an operating profit of 107.4 trillion won ($80.17 billion) for the July-September period, slightly ahead of an LSEG SmartEstimate of 106.1 trillion won, a regulatory filing showed.The forecast marks Samsung's fourth straight quarter of record operating profit, underscoring a deepening global memory chip shortage as AI infrastructure investment outpaces supply growth, which has driven chip prices up sharply.Samsung and Micron expected the imbalance to persist into 2028, although rising costs, Chinese competition and potential US semiconductor tariffs pose risks to the longer-term earnings outlook."There were uncertainties surrounding Samsung's earnings as analysts cut their estimates, but the results turned out to be better than expected,"…
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