Samsung posts record profit as AI memory demand surges

Samsung Electronics reported quarterly operating profit of 107.4 trillion won (about $80.2 billion), up 782% year over year and the first time above 100 trillion won. Meanwhile OpenAI's annualized revenue was revised down from $70 billion to "approaching $50 billion."

• Samsung's quarterly operating profit hit 107.4 trillion won, first time above 100 trillion
• Profit rose 782% year over year, yet shares fell 0.7%
• OpenAI's revenue revised from $70 billion to about $50 billion
• HBM demand turned memory from a commodity into a strategic resource