business / news / / Times of India
Samsung shares jumped nearly 12% in morning trade, helping push its valuation beyond the $1 trillion milestone.
Samsung Electronics surpassed a $1 trillion market value for the first time driven by AI chip demand.
KEY POINTS
- Samsung's operating profit soared 750% year-on-year to $39.3 billion in the first quarter.
- South Korea's Kospi index crossed 7,000 for the first time as chip stocks surged.
- Samsung is now only the second Asian firm after TSMC to reach $1 trillion in market capitalization.
- Samsung expects strong memory demand to continue, fueled by global AI infrastructure expansion.
COMPANIES
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