Samsung profits jump 1,900% despite $80 billion loss in market value

Samsung Electronics achieved a remarkable 1900% increase in operating profits during the second quarter of the year, surpassing 89.4 trillion won ($58.44 billion) and exceeding analysts' expectations. Despite these record-breaking results, the company's shares fell by as much as 10.1% due to investors' concerns about the sustainability of the AI boom and the declining demand for chips amid rising fears of a slowdown in investments by major U.S. tech giants. Memory chip prices remain high, but forecasts indicate that returns are expected to moderate in the future.

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