Tuesday, 7 July 2026 Newsarchy UK live index
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Memory Chips

Samsung reports 19‑fold Q2 profit jump as shares fall 7% on AI doubts

Samsung reports 19‑fold Q2 profit jump as shares fall 7% on AI doubts

Samsung Electronics announced record-breaking quarterly profits driven by demand for memory chips, but shares dropped as analysts pointed to investor skepticism.

Business ·7 Jul 2026, 17:36 ·Maeve Turner 3 min read