Samsung Stock Soars on AI Chip Boom – Q3 Earnings Crush Estimates
Stock Rallies on Robust Q3 Results Samsung’s share price climbed sharply on October 30 after it disclosed a surprise surge in Q3 earnings. The official results (released before market hours) showed revenue of about ₩86.1 trillion and operating profit of roughly ₩12.2 trillion for July–September, well above analysts’ forecasts livemint.com gurufocus.com. The memory chip business was the standout: Samsung said record AI-driven demand led its chip division to post double-digit profit growth. In response, Seoul trading saw Samsung shares spike over 3% on the news, outperforming the broader Kospi index reuters.com investing.com. As one market observer noted, “the third-quarter earnings