Fortune
Fortune
US · 3 hrs ago

Samsung posts record $62 billion profit — and investors sell off anyway

South Korean technology giant Electronics on Thursday reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a day after crosstown rival Hynix also reported record earnings, as the world’s two largest memory chipmakers continue to ride the global artificial intelligence boom. Despite their soaring profits, the companies’ shares have…
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