Samsung Electronics is trading 3.1% down today at €2805 as investors lock in gains following a massive preliminary Q2 profit surge.
- The company reported an approximate 19-fold jump in operating profit, representing over 1,800% growth fueled by surging demand for AI memory chips.
- Despite the record earnings, the stock has entered a multi-day slide amid investor concerns that valuations and AI chip pricing have become overextended.
- Profit-taking pressure remains high as the market reassesses the sustainability of the current AI-driven growth trajectory.