Samsung Projects 15-Fold Profit Surge Fueled by AI Demand

The South Korean tech giant forecasts $7.5 billion in Q2 operating profit as memory chip prices rebound.

Samsung expects a significant profit increase driven by AI-related demand for memory chips.
The company's shares reached a three-year high following the optimistic forecast.
Revenue is projected to rise 23% to $53.6 billion for the second quarter.
Analysts attribute the profit surge to increased prices for DRAM and NAND flash memory.
Despite the positive outlook, Samsung faces a potential strike over pay disputes next week.