Samsung Electronics reports record quarterly earnings with operating profit jumping 750% year-on-year to 57.2 trillion won, driven by surging demand for high-bandwidth memory chips from AI data centers.
Following WSJ’s report that OpenAI missed key revenue and user growth targets, stocks of AI infrastructure companies Oracle, AMD, and CoreWeave fell sharply.
Reports indicate Qualcomm is partnering with OpenAI to develop AI processor chips designed specifically for smartphones, sending the chipmaker’s shares soaring over 13% in pre-market trading.
Nvidia shares hit a record close, pushing the company’s market capitalization above $5 trillion once again, driven by relentless demand for AI chips.