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AI Chips Drive Record Profits | San Antonio News
Samsung just smashed records with a $62 billion Q2 profit, fueled almost entirely by its semiconductor division riding the AI wave. As demand for AI chips and high-bandwidth memory surges, rivals like SK Hynix are also raking in record earnings. But while profits soar, stocks are shaky—investors fret over massive expansion plans and rising competition, especially from China, which is now mass-producing key chip tech and launching its own memory maker. Still, Samsung remains bullish, citing AI infrastructure growth and agentic AI adoption to keep demand hot through the year. Listen in…
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