Samsung expects more than 1,400% profit jump in Q2 on demand for AI chips [Yahoo! Finance]
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Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Yahoo! Finance
a strong recovery in the memory chip market driven by artificial intelligence demand. The world's largest manufacturer of memory chips said in a regulatory filing that its operating profit reached $7.5 billion for the April-June period, up 1,452.2% on year. Revenue jumped 23.3% to $53.6 billion. The turnaround follows a precipitous 95% plunge in operating profit over the same period last year, as macroeconomic woes hollowed out demand for chips in devices from computers to cars to smartphones. However, a boom in generative AI applications such as ChatGPT and Sora has driven a global race for computing power and sent the price of memory chips soaring. Samsung will not release a full earnings report until later this month, but market forecasters highlighted a spike in DRAM and NAND flash memory prices ahead of the results. Taipei-based research firm TrendForce estimated that DRAM memory and NAND flash memory prices rose by 18 percent and 20 percent, respectively, in the second
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GS
Earnings
- 4/15/24 - Beat
GS
Sec Filings
- 7/8/24 - Form 424B2
- 7/5/24 - Form 424B2
- 7/5/24 - Form 424B2
- GS's page on the SEC website