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Samsung's Stock Surges Amidst AI-Driven Chip Recovery

Samsung's stock soared, hitting a three-year peak. The company anticipates a 1,452% surge in second-quarter profits, reaching 10.4 trillion won. This exceeds earlier estimates.

The boost comes from recovering memory chip prices, fueled by AI growth. Despite this, Samsung lags in high-bandwidth memory (HBM) production, affecting supply to key clients like Nvidia.

HBM: A type of memory designed for high-speed data processing, crucial for AI and graphics applications.

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