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

Samsung
International Business Times Fews App News Provider
Fews App Post Time há 4h

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.

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