AI chip boom pushes Samsung profits to record $80bn
The tech giant is also expected to get a boost from its latest folding devices that were launched in August.
Last updated: 2026-10-08 03:54:59 ET
Pulse AI Brief
Updated Oct 8, 2026 3:00 AM ET
Samsung Electronics reported preliminary third-quarter operating profit forecast of 100 trillion won ($80 billion), driven by surging demand for AI chips and its latest folding devices launched in August. The result marks a record for the South Korean tech giant and reflects the ongoing AI infrastructure buildout across global markets.
Samsung's earnings validate the AI chip supercycle thesis and signal sustained pricing power in memory semiconductors. The result supports semiconductor sector momentum and reinforces investor confidence in tech mega-cap earnings despite higher yields pressuring valuations elsewhere.
Samsung's dominance in AI chip production underscores South Korea's critical role in the global semiconductor supply chain, a geopolitical asset amid U.S.-China competition for AI leadership.
The tech giant is also expected to get a boost from its latest folding devices that were launched in August.
Microsoft revealed the specs and price for its Surface Laptop Ultra, AI PCs that run on Nvidia chips that are designed to run AI models and agents.
Powered by Nvidia’s RTX Spark chip, the latest Windows laptop is designed to run AI models and workloads directly on the device.
The new device shows Microsoft remains committed to making its own PCs even though it's not one of the top device makers.
SpaceX reportedly seeks $40 billion in debt to buy Nvidia chips | The 8:30
Elon Musk and Intel’s CEO have said the company’s involvement in the Terafab chip plant will continue, boosting shares.
The bank upgraded the chip stock to buy from hold.
Elon Musk’s SpaceX is in talks with banks and investors to borrow $40 billion to fund a purchase of Nvidia chips, according to a Financial Times rep...
Jim Cramer said established tech giants with strong businesses and multiple ways to benefit from AI are some of the best places to invest in the boom.
Micron and Nvidia are among high-profile semiconductor companies that have been raking in cash and still have inexpensive stocks.
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