Samsung rides global AI boom to its biggest profit since 2022

People walk past a large electronic screen showing the Samsung logo at a train station in Seoul on Tuesday. Samsung Electronics has posted its biggest quarterly profit in more than three years, reflecting booming memory chip demand while AI development accelerates globally. South Korea's largest company reported an operating profit of 12.1 trillion won ($8.5 billion) in the September quarter, compared with analysts' projection for 9.70 trillion won, according to a preliminary earnings report released on Tuesday. Revenue climbed to 86 trillion won. The company will provide a full financial statement with net income and divisional breakdowns later this month. The results may bolster confidence among investors betting on the durability of demand for AI servers and memory chips.