Overview

• 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.