Jump Profit

• Samsung reported a massive 1,800% surge in profits, driven primarily by the soaring demand for AI chips. • Despite the growth, the company's shares fell sharply on Tuesday because investor expectations for the performance were even higher. • This growth aligns with South Korea's June announcement of at least $880 billion in investments for chip manufacturing projects led by Samsung and SK Hynix.

• Samsung is projected to see an 18-fold increase in profit, driven by a massive surge in demand for AI-related memory chips. • Market analysts anticipate that the memory sector will remain undersupplied at least through next year, maintaining high pricing power for manufacturers. • This growth highlights the critical role of high-bandwidth memory in powering artificial intelligence infrastructure globally.

• Samsung Electronics forecasts a massive 19-fold increase in operating profit for the second quarter of 2026. • The projected earnings are expected to surpass the company's combined total profits from the previous three years. • This surge is driven by an intense global chip crunch fueled by skyrocketing demand for artificial intelligence (AI) technology.

• Samsung is projected to report an 18-fold increase in profit, driven by a surge in demand for memory chips used in artificial intelligence. • The growth is fueled by the expanding need for AI infrastructure, though JPMorgan notes that investors are seeking more evidence that AI services will accelerate cloud computing revenues. • This spike highlights the critical role of memory hardware in supporting the global rollout of generative AI technologies.

Saudi Arabia’s state oil company’s profits up 26% to £26.9bn in first three months of yearBusiness live – latest updatesSaudi Arabia’s state oil company reported a 26% jump in profits in its first quarter as its east-west pipeline allowed it to ship millions of barrels of oil out of the Gulf despite conflict in the Middle East.Profits at Saudi Aramco hit $33.6bn (£26.9bn) in the first three months of the year, while revenue rose nearly 7% compared with a year earlier to $115.5bn. Continue reading...

• Grab Holdings Limited announced Q1 2026 results on May 5, with revenue surging 24% year-over-year to $955 million, driven by On-Demand and Financial Services growth in Southeast Asia. • On-Demand GMV rose 24% to $6.1 billion, monthly transacting users increased 16% to 51.6 million, and adjusted EBITDA hit a record $154 million, up 46% with a 16.2% margin. • Profit for the period climbed to $120 million from $10 million last year, boosted by operating improvements and a $95 million gain in fair value of financial assets.