Tuesday, July 7
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Business Cheaper Chinese AI models are winning over U.S. companiesBusiness Samsung posts a record quarterly profit on AI memory demand, as shares slipBusiness Google backs a German fusion startup aiming for Europe's first commercial plantSports Dodgers walk off in the 11th to edge the Rockies 8-7World China bets it can repeat its EV success with robotaxisSports Sparks are routed at home by the Storm as Flau'jae Johnson scores 23U.S. Trump signals he may return Turkey to the F-35 program at NATO summitLos Angeles Martin Fire in Castaic closes 5 Freeway lanes and prompts evacuation warningBusiness Cheaper Chinese AI models are winning over U.S. companiesBusiness Samsung posts a record quarterly profit on AI memory demand, as shares slipBusiness Google backs a German fusion startup aiming for Europe's first commercial plantSports Dodgers walk off in the 11th to edge the Rockies 8-7World China bets it can repeat its EV success with robotaxisSports Sparks are routed at home by the Storm as Flau'jae Johnson scores 23U.S. Trump signals he may return Turkey to the F-35 program at NATO summitLos Angeles Martin Fire in Castaic closes 5 Freeway lanes and prompts evacuation warning

Topic: samsung

Samsung's Digital Complex in Suwon, South Korea (file photo).
Business
Tuesday, 7/7, 09:52 AM

Samsung posts a record quarterly profit on AI memory demand, as shares slip

  • Samsung Electronics said its operating profit soared to a record in the second quarter, up more than 1,800 percent from a weak year earlier, as the artificial-intelligence boom lifted demand and prices for its memory chips.
  • Yet the company's shares fell, a sign that investors are wary about how long the spending behind those numbers can last.

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