Samsung's stock is signaling a bottom for the global chip market

SEOUL - Investors have grown increasingly bullish on Samsung Electronics Co ahead of its Tuesday results report, betting that the global memory-chip cycle is near a bottom.

Shares of Samsung fluctuated on Monday, ahead of the company's preliminary third-quarter results on Tuesday. Analysts estimate it will post operating income of 6.9 trillion won, compared with the record 17 trillion won it reported a year earlier. Analysts were similarly optimistic on signs of a chip cycle bottom after a weak forecast last week from US peer Micron Technology Inc. The third-biggest player in the global memory-chip industry - after Samsung and its Korean compatriot SK Hynix Inc - said it's vulnerable to the US-China trade war and that recent improvements in orders may not be driven by sustainable demand.

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