Samsung shares hit a three-year high on Friday after the South Korean tech giant forecast a 15-fold increase in its second quarter operating profit from the same time last year, as the global artificial intelligence boom buoys demand for advanced computer chips.Shares of Samsung Electronics in Seoul, the flagship entity of the South Korean Samsung Group conglomerate, climbed 3% on Friday, reaching 87,100 Korean won per share at market close.
Samsung said it expects to make around 10.4 trillion Korean won in profit for the second quarter of 2024, or around $7.5 billion.
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