GgoogleRU first seen 10 h ago, last 10 h ago, peak #4

Samsung posts record profit but Micron stock falls

Original: samsung

Samsung reported record quarterly profit, driven largely by its memory chip business. Despite the strong results, shares of US rival Micron dropped, as investors weighed the possibility that Samsung's surging output and pricing power could pressure the broader memory market. Barron's highlighted the paradox of Samsung's milestone earnings failing to lift a key competitor's stock.

Why now: Samsung's record profit announcement is reshaping expectations in the memory chip sector, hitting Micron's shares.

SamsungMicron

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Evidence

• Micron Stock Drops. Why Samsung’s Record Profit Didn’t Give It a Lift. · Barron's

Elsewhere

• GgoogleFR #8 · 1 d ago

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