Samsung Electronics Forecasts Stronger Server and Memory Demand in H2 Amid AI Growth

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Samsung Electronics reported Q2 revenue of 171 trillion KRW and an operating profit of 89.4 trillion KRW, in line with expectations. Demand for server chips remains robust, with memory shortages anticipated to continue in H2. Growth is being driven by increased spending on AI infrastructure and autonomous AI applications. Altcoins to watch may benefit as the Fear & Greed Index shifts toward optimism amid rising earnings.

ChainThink reports that, according to Samsung Electronics' second-quarter financial results, the company recorded revenue of 171 trillion Korean won and an operating profit of 89.4 trillion Korean won, largely in line with market expectations;

Net profit reached 71.3 trillion Korean won, exceeding the market expectation of 68.5 trillion Korean won. Of this, the chip division recorded an operating profit of 89.2 trillion Korean won in the second quarter.

Samsung Electronics stated that demand for server chips in the second half of the year will remain strong, with chip supply shortages expected to persist, while demand for mobile and PC chips may slow down.

The company expects strong demand for its memory business to continue, driven by capital expenditures on AI infrastructure and broader adoption of autonomous AI applications, with profitability set to grow further in the second half of the year. Additionally, the depreciation of the Korean won provided a positive impact of approximately KRW 3.1 trillion on its second-quarter results.

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