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Samsung Reports Record Q2 Operating Profit of 89.4 Trillion Won, But Stock Falls 6.25% on July 8

GateNews
Stocks
NVDA3.66%
According to Seoul Economic Daily, Samsung Electronics reported Q2 operating profit of 89.4 trillion won on July 8, beating market expectations and overtaking Nvidia in market capitalization, but the stock fell 6.25% to 277,500 won due to divergent analyst views. KB Securities and IBK Investment Securities raised price targets to 600,000 won and 460,000 won respectively, citing expanded AI memory demand and prolonged supply constraints. However, Kiwoom Securities cut its target to 390,000 won, citing concerns over slowing second-half earnings growth and market share gains by Chinese competitors. Meritz Securities analyst Kim Sun-woo assessed the memory chip boom as a structural cycle driven by big tech's AI infrastructure investment that could extend for 2-3 years before competitors halt spending.
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