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Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, 7 July 2026

Markets

Video. Samsung loses over $100 billion in market value despite record profit

Updated: 07/07/2026 - 11:34 GMT+2

Samsung Electronics has forecast a nineteen-fold leap in quarterly profit, its third record quarter in a row, yet investors responded by wiping more than $100 billion (€87.5bn) off the company's value amid doubts over how long the AI-driven memory boom can last.

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