Samsung Electronics anticipates that its profit for the third quarter of this year will reach a new peak since 2022. The company estimates an operating profit of 10.1 trillion Korean won from July to September, marking a 10% year-on-year increase. This resurgence in performance is mainly due to the surge in memory chip prices, propelled by heightened server demand, along with a rebound in sales volume driven by customers replenishing their inventories. The price resurgence of traditional memory chips has effectively counterbalanced the negative impact of sluggish HBM chip sales. The escalating demand for memory chips, fueled by hyper-scale cloud service providers and investments in AI-related fields, has driven up the prices of traditional memory chips. In the third quarter, prices of certain DRAM chips soared by 171.8% year-on-year. However, Samsung's delayed supply of the latest HBM3E chips to Nvidia has somewhat affected its profits and stock price. Nevertheless, with Samsung securing supply agreements with companies like OpenAI and Tesla, market confidence in its stock and chip business has seen an uptick. Since inking the contract with Tesla in July, its stock price has surged by over 43%. Earlier this month, Samsung, along with other firms, announced a partnership with OpenAI to supply advanced memory chips for the 'Stargate' project. Samsung is set to unveil its revenue and operating profit estimates on Tuesday (local time), with the comprehensive financial report to follow later this month.