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Samsung, profit plunge

Samsung flags big miss in second-quarter profit, blames US AI chip curbs on China

Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the tech giant's ability to revive its struggling semiconductor business.

Samsung's profit plunges as AI chip woes and US tariffs bite

The South Korean tech giant attributed its disappointing results to a combination of US export restrictions on advanced artificial intelligence chips bound for China and ongoing

Insider on MSN · 1d

Samsung's brutal profit plunge shows how far the company has slipped in the chip war

Analysts have said that Samsung has been declining, losing out to competitors because of factors other than the US export restrictions.

Chipmaker NVIDIA becomes most valuable company in the world

The Associated Press on MSN · 2h

Chipmaker Nvidia becomes most valuable company in the world at $4 trillion

NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each.

U.S. News & World Report · 1h

Nvidia Is Again Wall Street's Most Valuable Company. How It Got There, by the Numbers

Nvidia reached another milestone in its rise to becoming one of the world’s most important companies: the first publicly traded company to reach a market value of $4 trillion

Nvidia becomes world's first $4tn company

Nvidia has become the first company in the world to reach a market value of $4tn. Shares in the chip-maker rose by as much as 2.4% to $164 on Wednesday, as the company continues to benefit from the ongoing surge in demand for the tech that powers artificial intelligence (AI).

38mon MSN

Samsung says new foldable phones with AI ‘ready to become mainstream’ — but price is still high

Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in ...

2d

Samsung Electronics second-quarter profit likely to drop 39% on weak AI chip sales

Samsung Electronics is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by ...

Samsung's bet on foldable phones faces major test with thinner new model

Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in ...

1don MSN

Samsung expects second-quarter profits to more than halve as it struggles to capture AI demand

According to the smart estimates, Samsung was expected to post an operating profit of 6.26 trillion won ($4.57 billion) for ...

Samsung Foundry could make NVIDIA's next-gen GPUs on its in-house 2nm process node

Samsung Foundry is pushing for orders from NVIDIA and its next-gen GPUs using its GAA 2nm process node, would help it win ...

1don MSN

Micron Stock Rises. Why Its Chips Can Grab Market Share After Nvidia Supply News.

Micron Technology is gaining ground at the expense of Samsung as the two companies compete to sell memory chips to AI ...

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