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Samsung’s operating profit jumped 19-fold in the second quarter as surging AI chip demand fueled one of the strongest earnings recoveries in the company’s history.
Semiconductor stocks rallied after Micron’s earnings beat, lifting memory chip makers and AI-related companies across the sector.
Samsung’s market capitalization surpassed $1.2 trillion as AI-driven semiconductor demand boosted investor sentiment.
Micron shares fall after earnings as investors weigh valuation and supply risks despite strong AI-driven growth.