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Samsung Electronics' Q3 profit soars 783% on AI chip demand, nearing Microsoft and Alphabet combined earnings.

Company Fundamentals
29 Oct 2026, 12:01 WIB
Market Watch
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Bullish
Samsung Electronics' Q3 profit soars 783% on AI chip demand, nearing Microsoft and Alphabet combined earnings.

Samsung Electronics reported a remarkable 783% increase in third-quarter operating profit compared to last year, reaching 107.4 trillion Korean won ($80.3 billion). This surge was driven by strong demand for AI semiconductors, with revenue growing 127% to 195.3 trillion won. The results highlight Samsung's dominant position in the semiconductor market, nearly matching the combined earnings of tech giants Microsoft and Alphabet. The company also provided insights into the memory-chip market outlook, signaling continued strength in this sector.

Samsung Electronics' recent earnings surge provides context for technology sector performance. For readers following the technology sector, here is Pluang's market snapshot as of Oct 29, 2026 15:11 WIB: out of 150 priced US technology stocks, 17 rose and 129 fell. Notable movers include HUBS (HubSpot Inc) at USD 235.84, down 5.14%, AEHR (Aehr Test Systems) at USD 61.24 with 0% Sell / 100% Buy order activity, and CRM (Salesforce Inc) at USD 230.02, down 4.99% with 88% Sell / 12% Buy order activity. Typical hold times range from 17 to 89 days.

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