Samsung on cloud nine after 933% Q1 profit jump, thanks to AI wave

The tech giant reported blowout Q1 2024 results on Tuesday, with an operating profit of 6.61 trillion Korean won ($4.76 billion) - up an eye-popping 932.8% compared to the same period last year. That crushed analyst expectations of 5.94 trillion won and was bang on their pre-release guidance from earlier this month.

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analyst billion cloud profit release results samsung tech tech giant tuesday