
Samsung Electronics has forecasted a profit miss for the fourth quarter of 2024, primarily due to challenges in supplying AI chips to Nvidia. This announcement comes amid high investor expectations for the company's performance in the AI sector. The preliminary figures indicate that Samsung's Q4 profit will fall significantly short of estimates, reflecting ongoing struggles in the semiconductor market. Additionally, Japan's Nikkei Stock Index closed lower as investors took profits, with chip-related shares contributing to the decline. The situation has been exacerbated by Yaskawa, a key player in Japan's earnings landscape, which has also cut its forecast due to the slump in the Korean chip market.
Samsung’s preliminary Q4 profit falls far short of estimates as chip issues drag https://t.co/u38XT3RdRT https://t.co/a0SCLh7acv
Japan earnings bellwether Yaskawa cuts forecast on Korean chip slump https://t.co/4hw9M9w07F
ICYMI - .@Samsung forecasts Q4 profit miss amid struggle to supply @Nvidia with #AI chips https://t.co/magTUoaOKU @SiliconANGLE @Mike_Wheatley “This is a tough challenge because investors currently have high hopes for success in those...” #Earnings https://t.co/vO2O03tqdR


