Samsung Electronics 2Q Results Due Tmr; Mkt Expects OP to Surge 17x+; Analysts Cite Potential Delay Risks in AI Infra Investment for Memory Industry
Samsung Electronics will release its 2Q results tomorrow (7th). Propelled by memory chip woes and global AI inference infrastructure demand, LSEG SmartEstimate, which compiled estimates from 30 analysts, forecast 2Q operating profit of KRW86 trillion (equivalent to approximately USD56.35 billion), surging more than 17x YoY and likely marking a record high for a third consecutive quarter.
Samsung is a major memory supplier to NVIDIA Corporation (NVDA.US), Google and Apple Inc. (AAPL.US). Analysts expected the memory market supply shortage to continue at least until next year.
Citi said last Thursday (2nd) that DRAM and NAND memory prices in 2Q jumped up 44% QoQ and 53% QoQ, respectively. However, Reuters cited analysts as saying that a potential delay in future AI infrastructure investment is currently the biggest risk facing the memory boom.
~
AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
11185 |
275 (-) |
0.116 |
5.9 X |
| Nvidia (P) |
11090 |
168 (-) |
0.208 |
3.8 X |
| APPLE (C) |
11132 |
300 (-) |
0.370 |
7.8 X |
| APPLE (P) |
11063 |
248 (-) |
0.047 |
10.4 X |
| MU (P) |
11114 |
400 (-) |
0.330 |
2.4 X |
