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Samsung Electronics has experienced a dramatic $122 billion loss in market value, with shares plummeting 32% since July 9, as concerns grow over its competitiveness in AI memory and chipmaking against rivals like SK Hynix and Taiwan Semiconductor Manufacturing. Despite a rebound in profits and strong sales of Galaxy S24 smartphones, international investors remain skeptical about the company's promised overhaul, leading to significant sell-offs of its shares.
Seongjoon Cho
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
samsung faces steep losses amid rising competition in ai memory market
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Taiwan Semiconductor Manufacturing Co.
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Seongjoon Cho
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03:27 30.10.2024
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