Does it feel like the AI sector is about to collapse? After Google fell short of expectations, Samsung is falling too.
In the Korean stock market today, Samsung Electronics initially surged about 3% at the open, but turned lower as details emerged, at one point falling around 4% before noon. The KOSDAQ was dragged below 6,000 as well.
Were the earnings bad? I took a look, and they weren’t bad.
Revenue was 195 trillion won, with operating profit of 107.4 trillion won—about $80.4 billion, nearly eight times higher year over year. The semiconductor DS division alone earned 106.5
In the Korean stock market today, Samsung Electronics initially surged about 3% at the open, but turned lower as details emerged, at one point falling around 4% before noon. The KOSDAQ was dragged below 6,000 as well.
Were the earnings bad? I took a look, and they weren’t bad.
Revenue was 195 trillion won, with operating profit of 107.4 trillion won—about $80.4 billion, nearly eight times higher year over year. The semiconductor DS division alone earned 106.5
