SEOUL — Samsung Electronics is expected to post a 13-fold increase in second-quarter (Q2) profit from a year earlier as demand for artificial intelligence (AI) technology fuels a rebound in memory chip prices.
Its operating profit is likely rose to 8.8 trillion won ($6.34 billion) in the quarter ended June 30, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.
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