Loading...
Market
Will Samsung's Q3 2024 operating profit exceed 10 trillion won?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Samsung's official Q3 2024 financial report
Story
Samsung Projects 10.4 Trillion Won Q2 Profit, 1400% Increase Amid AI Boom
Jul 5, 2024, 04:16 AM
Samsung Electronics has projected a significant increase in its Q2 operating profit, estimating it to reach 10.4 trillion won. This marks the company's fastest pace of profit growth in years, driven by a recovery in memory chip demand as AI development accelerates globally. The anticipated profit jump exceeds 1400%, reflecting strong market performance. Samsung shares have surged to a three-year high following the better-than-expected guidance, underscoring the impact of the AI boom on data centers and demand for advanced chips. The forecast by the world's largest memory-chip maker by sales highlights the critical role of AI in boosting profits, according to BBC.
View original story
Similar markets
Yes • 50%
No • 50%
Below 8 trillion won • 25%
8-10 trillion won • 25%
10-12 trillion won • 25%
Above 12 trillion won • 25%
8 - 10 trillion won • 25%
10 - 12 trillion won • 25%
Above 12 trillion won • 25%
Below 8 trillion won • 25%
8 to 9 trillion won • 25%
9 to 10 trillion won • 25%
Above 10 trillion won • 25%
Less than 8 trillion won • 25%
8-10 trillion won • 25%
10-12 trillion won • 25%
More than 12 trillion won • 25%
Below $6 billion • 25%
$6-7 billion • 25%
$7-8 billion • 25%
Above $8 billion • 25%