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Stockreport

Samsung joins Nvidia in AI semiconductor boom as memory chip sales help profits quadruple last year's result [Fortune]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Fortune
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. The world's largest memory chipmaker reported net income of 6.62 trillion won ($4.8 billion) in the March quarter, versus the average analyst projection for 5.63 trillion won. That's more than four times the company's earnings a year earlier. The results underscore how demand for the memory chips that power modern electronics and artificial intelligence is starting to rebound after a severe downturn. The company's shares rose 1% in Seoul trading. “Looking at the profitability of individual business divisions, it is evident that semiconductors, especially memory, performed exceptionally well,” said Sanjeev Rana, an analyst at CLSA Securities Korea. Samsung, also the world's largest smartphone maker, is trying to reverse a year-long decline triggered by global economic uncertainty. In 2023, the company's overall operating profit plunged to a 15-year low after its semiconductor unit posted a loss [Read more]
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Stockreport

Samsung joins Nvidia in AI semiconductor boom as memory chip sales help profits quadruple last year's result [Fortune]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Fortune
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. The world's largest memory chipmaker reported net income of 6.62 trillion won ($4.8 billion) in the March quarter, versus the average analyst projection for 5.63 trillion won. That's more than four times the company's earnings a year earlier. The results underscore how demand for the memory chips that power modern electronics and artificial intelligence is starting to rebound after a severe downturn. The company's shares rose 1% in Seoul trading. “Looking at the profitability of individual business divisions, it is evident that semiconductors, especially memory, performed exceptionally well,” said Sanjeev Rana, an analyst at CLSA Securities Korea. Samsung, also the world's largest smartphone maker, is trying to reverse a year-long decline triggered by global economic uncertainty. In 2023, the company's overall operating profit plunged to a 15-year low after its semiconductor unit posted a loss [Read more]
IMPACT SNAPSHOT
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GOOG
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LAST PRICE AT
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Multi-day stock performance from the time of the news release
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%
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
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