Samsung Electronics (SSNLF, Financial) announced a projected 56% decline in its second-quarter operating profit due to weak demand for AI chips and U.S. trade restrictions. The South Korean tech giant expects its operating profit to fall to 4.6 trillion Korean won (approximately $3.4 billion), which is below analysts' expectations.
Despite the disappointing forecast, Samsung's stock price has remained relatively stable on the Korea Composite Stock Price Index (KOSPI).