Mmastodon BusinessMarkets first seen 14 h ago, last 32 min ago, peak #3

Samsung profit soars nine-fold as AI chip demand booms

Original: Bloomberg: #Samsung reported an almost nine-fold rise in quarterly profit and #TaiwanSemiconductor’s sales jumped 51%, r

Samsung reported an almost nine-fold rise in quarterly profit, while Taiwan Semiconductor Manufacturing Company posted a 51% jump in sales, both driven by heavy spending on artificial intelligence infrastructure. Despite the strong results, shares of both companies fell, as investors weighed whether the gains were already priced in.

Why now: The results confirm how large AI infrastructure spending is boosting chipmakers, but the falling stocks raise questions about valuations.

SamsungTaiwan Semiconductor Manufacturing CompanyBloomberg

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Rank over time, top of the chart is #1. 11 snapshots from 14 h ago to 32 min ago.

Evidence

• Bloomberg: #Samsung reported an almost nine-fold rise in quarterly profit and #TaiwanSemiconductor’s sales jumped 51%, reflecting the spoils of relentless spending on #AI infrastructure. Both #stocks fell. #markets · dbcurren.bsky.social@bsky.brid.gy · 3

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