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]));	{"id":171324,"date":"2024-07-05T04:20:32","date_gmt":"2024-07-05T04:20:32","guid":{"rendered":"https:\/\/worthyhacks.com\/samsung-expects-profits-to-soar-with-boost-from-ai\/"},"modified":"2024-07-05T04:20:33","modified_gmt":"2024-07-05T04:20:33","slug":"samsung-expects-profits-to-soar-with-boost-from-ai","status":"publish","type":"post","link":"https:\/\/worthyhacks.com\/samsung-expects-profits-to-soar-with-boost-from-ai\/","title":{"rendered":"Samsung expects profits to soar with boost from AI"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Samsung Electronics expects its earnings for the three months to June 2024 to leap 15-fold in comparison with the identical interval final yr.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">A synthetic intelligence (AI) growth has lifted the costs of superior chips, driving up the agency&#8217;s forecast for the second quarter.    <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The South Korean tech big is the world&#8217;s largest maker of reminiscence chips, smartphones and televisions.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The announcement pushed Samsung shares up greater than 2% throughout early buying and selling hours in Seoul.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The agency additionally <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/business-68738046\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">reported a more than 10-fold jump<!-- --><\/a> in its earnings for the primary three months of this yr. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">On this quarter, it mentioned it&#8217;s anticipating its revenue to rise to 10.4tn received ($7.54 bn; \u00a35.9 bn), from 670bn received final yr.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">That surpasses analysts&#8217; forecasts of 8.8tn received, in response to LSEG SmartEstimate.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Optimism about AI is one purpose for the broader market rally over the past yr, which pushed the S&amp;P 500 and the Nasdaq in the USA to new information on Wednesday.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Samsung Electronics is the flagship unit of South Korean conglomerate Samsung Group. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Subsequent week, the tech firm faces a potential three-day strike, which is predicted to  begin on Monday. A union of staff is demanding a extra clear system for bonuses and time without work.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/c25l0yyzjvno\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samsung Electronics expects its earnings for the three months to June 2024 to leap 15-fold in comparison with the identical interval final yr. A synthetic intelligence (AI) growth has lifted the costs of superior chips, driving up the agency&#8217;s forecast for the second quarter. The South Korean tech big is the world&#8217;s largest maker of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":171326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-171324","post","type-post","status-publish","format-standard","hentry","category-tech-news"],"_links":{"self":[{"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/posts\/171324"}],"collection":[{"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/comments?post=171324"}],"version-history":[{"count":1,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/posts\/171324\/revisions"}],"predecessor-version":[{"id":171325,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/posts\/171324\/revisions\/171325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/media\/171326"}],"wp:attachment":[{"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/media?parent=171324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/categories?post=171324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/tags?post=171324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}