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Samsung Expects Profits to Soar with Boost from AI

Posted on the 05 July 2024 by Phil's Stock World @philstockworld

The South Korean tech giant is benefiting from the AI boom which has lifted the prices of advanced chips. Samsung Electronics expects its profits for the three months to June 2024 to jump 15-fold compared to the same period last year. An artificial intelligence (AI) boom has lifted the prices of ...

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