Samsung shares slide 5% despite record quarterly profit
Operating profit tops 100 trillion won for the first time on AI memory chip demand
Samsung Electronics on Thursday reported third-quarter operating profit broadly in line with analysts' expectations as demand for advanced memory chips used in artificial intelligence applications continued to grow, but its shares traded 5% lower following the announcement. The South Korean tech giant said it became the first global technology company to top 100 trillion won in quarterly operating profit, posting record revenue and profit for a fourth straight quarter.