Samsung’s Q2 preliminary profit hits record high for 3rd consecutive quarter

Samsung boasts third straight quarter of record profit on relentless AI demand

Major South Korean firms like Samsung release forecasts of their earnings ahead of official detailed reports to help guide investors.

The preliminary results for April through June, announced by the South Korean tech giant on Tuesday, underscore how the staggering investments that companies are making to build computing infrastructure for A.I. continue to propel earnings for memory chip makers to record levels.

Samsung Record Shows Earnings Beats Often Trigger Profit-Taking