Samsung Posted 1,800% Profit Surge. But AI Spending Fears Sent Shares Tumbling Anyway

Source: International Business Times

Samsung Electronics delivered one of the strongest quarters in its history, posting a more than 1,800% year-over-year jump in operating profit. Jade Gao/AFP via Getty Images Samsung Electronics delivered one of the strongest quarters in its history, posting a more than 1,800% year-over-year jump in operating profit. Still, the blockbuster earnings failed to impress investors as concerns about artificial intelligence spending sent the company's stock sharply lower.