Samsung estimated Q3 operating profit up 782.5% y/y to a record $80.2B, the biggest quarterly operating profit ever for a tech company, topping Nvidia's $63.7B, while TSMC printed record sales. The AI

What happened: Samsung estimated third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, while TSMC posted record quarterly revenue as AI chip demand stayed strong. Key numbers: Samsung operating profit 107.4 trillion won ($80.2bn), up 782.5% year-on-year, on sales of 195 trillion won, up 127%. Why it matters: Samsung's figure would top Nvidia's latest quarterly operating income and mark its fourth straight record quarter. Samsung shares closed 2.42% lower as investors took profits and questioned how long the memory boom can last.

Samsung estimated third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, while TSMC posted record quarterly revenue as AI chip demand stayed strong.

Samsung's figure would top Nvidia's latest quarterly operating income and mark its fourth straight record quarter. Samsung shares closed 2.42% lower as investors took profits and questioned how long the memory boom can last.