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Samsung Electronics' quarterly profit surged nearly eightfold, surpassing market expectations and underscoring robust demand for memory chips driven by artificial intelligence and data centers, despite uncertainties in the Middle East. The company reported a preliminary operating profit of KRW 57.2 trillion for the March quarter, with revenue reaching KRW 133 trillion, both exceeding analyst forecasts. A full earnings report will be released later this month. Its stock price surged over 120% last year before declining approximately 12% after peaking in February, amid market concerns that the Iran conflict could impact AI hardware spending. A flood of customer orders boosted Samsung's sales volume and profit margins, with global average DRAM prices rising 64% in the first quarter. Following the announcement, Samsung's pre-market stock price jumped 5%.
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