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One platform for global traditional assets
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🔥 Samsung's Q1 sales exceeded expectations, with profit increasing eightfold and strong demand for AI chips
On April 7, Samsung Electronics announced first-quarter sales of 133.00 trillion KRW, compared to analyst expectations of 116.81 trillion KRW. Operating profit for the first quarter was 57.20 trillion KRW, versus an expected 39.28 trillion KRW. The profit growth exceeded expectations by eight times, mainly driven by demand for artificial intelligence and data center storage chips. The full financial report will be released later in April. As of press time, Samsung's stock opened up 4.5% in the Korean stock market.