ðŸ‡ðŸ‡° English, 29 October 2026, data-centers
Samsung profits up a record 780pc despite AI jitters
Samsung reports record quarterly profits driven by demand for AI chips, but shares fall as investors question the tech boom's resilience.
The global race to build data centres to train and run AI tools has turbocharged the fortunes of Samsung and other chipmakers, despite concerns that the sector may be overvalued.
Samsung’s memory business achieved a record-breaking quarter by managing its product mix, with a focus on AI products, amid capacity constraints.
Strong demand momentum for servers led to higher market prices across all applications, according to Samsung’s statement.