New Street analyst Pierre Faragu concluded that there might not be much more value to be had in the stock for now. Read More...
Heard on the Street: AI Boom Is Double-Edged Sword for Samsung
Artificial intelligence has given Samsung Electronics a boost, but the South Korean semiconductor company still has a lot of catching up to do. Samsung’s stock rose roughly 3% Friday after preliminary results for the June quarter came in ahead of analysts’ forecasts. Samsung expects operating profit of around 10.4 trillion won, the equivalent of $7.5 billion—a huge jump from just 670 billion won a year earlier.
The Wall Street Journal•
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