Samsung shares sink 7% despite 1,800% profit jump in Q2
What's new: Investors focused on AI-spending worries, rising bonus costs and new chip-plant spending rather than Samsung's record earnings.
Samsung Electronics shares fell nearly 7% Tuesday after the South Korean tech giant posted preliminary second-quarter operating profit of 89.4 trillion won, up more than 1,800% from a year earlier. Revenue for the April-to-June period reached 171 trillion won, also more than double from the same quarter last year. The sell-off suggested investors had already priced in a blockbuster quarter and were more concerned about whether AI infrastructure spending can keep driving memory demand. Analysts also pointed to one-off bonus provisions, Samsung's plan to build large semiconductor plants in southern South Korea and this week's SK Hynix ADR listing as factors weighing on the stock.