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Samsung Profit Disappoints After AI Chip Missteps Hurt Business [Yahoo! Finance Canada]
Last nvidia corporation earnings: 2/13 04:20 pm
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a costly effort to claw back market share in the pivotal AI chip and smartphone arenas. Most Read from Bloomberg Korea's largest company reported preliminary operating profit of 6.5 trillion won ($4.5 billion) in the December quarter, versus analysts' average projection for 8.96 trillion won. Revenue came to 75 trillion won, also missing estimates. Samsung will provide a full financial statement with net income and divisional breakdowns later this month. The disappointing results will likely stoke concerns that the electronics conglomerate is falling further behind rivals SK Hynix Inc. and Micron Technology Inc. in the lucrative AI arena. Samsung has struggled to get its latest products certified by Nvidia Corp., allowing SK Hynix in particular to carve out a larger slice of the market for the high-bandwidth memory that AI accelerators depend on. Investors remain cautious about Samsung's ability to catch up in the high-end memory market. Samsung's chip division is struggling t
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